The procurement function has made groundbreaking developments in technology, making it possible for sourcing to be streamlined and run efficiently. This template can be used by CFOs and Procurement/Sourcing Heads to analyze major cost heads for strategic procurement planning. Having this information on hand allows for a faster and more efficient review of cost optimization plans and developing strategies for the future.

Intended audience: The Procurement Spend Analysis report is meant for Senior Management like CFOs and Procurement/Sourcing Heads. 

Focus metrics: Total Monthly Spend, Major Cost Heads, Inventory v/s Sourcing Costs, Key Vendors per Category, Volume Drivers, Purchasing Economies of Scale.

When to use: Use to track and utilize spend data to determine how much money was spent in the last month, identify vendors and manage their relationships, and list out the various categories of products and services purchased.  

The template supports visual dashboards with relevant analytics written in natural-language summaries to provide data-driven insights for your team.  

To use this template, simply download it, connect/upload your data to the dashboard, and run the report. Start by exploring our auto-generated business analytics and create a report effortlessly in a matter of minutes. The template gives you the flexibility to customize and add comments, analysis, and insights as per your needs if required.