Eddie McGeachie offered to write a guest blog for Market Dojo. Eddie is the co-founder of Seaforth Analytical Services. They are data analytics specialists providing spend analysis on big data. Eddie’s experience comes from working with numerous blue chip companies.
10 Uses of Big Data Spend Analysis within procurement
Seaforth is currently working with a partner to produce real-time data analysis for a large multinational procurement team. The aim is to support their team with analysis on specific spend categories in an instant. This will enable their procurement team to easily identify buying patterns in their data and highlight product duplicates or wasted spend.
By using data analysis in conjunction with a category planning tool such as Category Dojo. It will allow companies to identify and compare savings opportunities whilst taking into account factors such as time scales, potential savings and complexity.
For more information on how you can benefit from Spend Data Analysis, go to www.myseaforth.com
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