EFFECTIVE PROCESS MANAGEMENT FOR DEFINING COST SAVING STRATEGIES
PROCUREMENT & SUPPLY CHAIN INTEGRATED DATA NETWORK
Spend, savings, contracts, inventory, suppliers & risk are the six core pillars of procurement and supply chain. These pillars are connected with a close-knit data network which provides deep performance insights. However, the correlation requires massive data juggling and business know how. OpenBI understands procurement & supply chain functioning and has expertise in dealing with your data to provide multi layered analysis for effective strategy building.
Insights on actual vs. target vs. forecast savings split across different business segment and geographies. Prioritizing key savings initiatives to successfully deliver results.
Insights on contracts managed by stakeholders over different geography and categories. Providing proactive notifications on contract expiry and actionable priorities.
PAYMENT TERM ANALYSIS
Insights on payment term by region and suppliers to showcase the impact of late, on-time and early payments. What if analysis scenarios to identify the cost saving benefits by increasing the net payment terms or cost of capital.