Business managers need an analytical mindset to be strong communicators within their team. It’s difficult to manage a company’s procurement if you don’t have real time access to data from across the enterprise value chain. With the help of Prebuilt Procurement analytics, organizations and managers benefit from better insight into spend patterns, visibility into the procurement process, and visibility into supplier performance. Below are three key features of Procurement Analytics:
1. Visibility into Direct and Indirect Spending
Procurement Analytics give visibility into spending patterns for both direct and indirect spending across global accounts. Users can identify savings opportunities and perform just in time spend analysis by commodities, suppliers, supplier locations, buying locations, business units, cost centers, buyers and contract usage. This type of analysis can help identify opportunities for consolidation and reduction of costs, such as employee expenses.
2. Visibility into Supplier Performance
Procurement Analytics enable organizations to have a complete picture of the performance of their suppliers, including complete supplier scorecards, supplier price performance, delivery performance, product receipt quality, on-time payment ratings, payment activity and payments due /overdue analysis. These insights into supplier performance can allow users to determine best and worst performing suppliers.
3. Improved Procurement Performance
Procurement Analytics help organizations understand procurement effectiveness and monitor performance on a regular basis. They can help reduce corporate spending as well as alert users to take corrective action before bottlenecks become big issues.
Saturn Infotech’s Prebuilt Analytics Dashboard is built on Oracle’s BICS platform, the best-in-class analytics platform offering a full array of intuitive BI tools in a friendly interactive interface, with instant availability in the Cloud.
Saturn Infotech also offers prebuilt data models for various industries that cater to the intelligence and reporting needs all the way from C level executives to low end users. All of the data can be viewed within advanced visualizations featuring KPIs, graphical report snapshots, trend graphs, and scorecards serving as a single source of truth throughout the organization. To view more of Saturn’s pre-built Cloud Solutions, click HERE or check out other demos on YouTube.
About Saturn Infotech:
Saturn Infotech is an Oracle Platinum Partner uniquely qualified to develop custom, integrated Oracle Business Intelligence (BI), Oracle Enterprise Performance Management (EPM), Big Data, and Cloud specialized solutions for companies of all sizes and trades. Saturn Infotech is one of the leading and most experienced Oracle solution providers in the USA. For over a decade, Saturn has consistently delivered solutions that maximize the effectiveness of their strategic, operational, and financial management processes. Their clients include FORTUNE 5000 companies across the USA, AFRICA, UAE and INDIA.