"Iasta's deeply functional and dynamic approach to strategic sourcing technology is exactly what Yankee Candle was looking for in a solution. Our sourcing team will now be able to achieve our savings goals and perform at more proficient levels due in part to the SmartSource application."
Iasta's Spend Analysis Wiki Paper: It's what you don't know that costs you
There's a common saying, "you don't know what you don't know." In the absence of a Spend Analysis project, companies won't know what they don't know. Not knowing what and where you're spending means not knowing where you can save, especially the more disparate and geographically spread-out you are. To find the real savings opportunities, organizations must paint a true picture of the spending landscape by utilizing Spend Analysis tools to look at more detail, look at spend of international sites, and break down spend into more refined categories.
The improved availability of data yielded by a Spend Visibility & Analysis tool allows businesses to employ evidence-based decision making at all levels of their organization. Data-driven Spend Analysis means more capabilities and savings opportunities at lesser cost. Sometimes, uncovering opportunities in just a few commodities can save millions of dollars. Statistics taken from 100 customer engagements show a minimum savings of 10x's the ROI on the Spend Analysis project.
How much money is your company losing by not utilizing the power of Spend Analysis? Iasta's Spend Analysis Wiki Paper (part 1) covers:
