Spend Analytics
Collecting, cleaning, and optimizing the spend data: Identifying bundling opportunities – reduce procurement costs and realize higher savings
Aranca’s spend analysis solutions leverage comprehensive data analytics to examine enterprise-wide expenditure, identifying opportunities to maximize value within specific categories and support strategic procurement decisions.
By thoroughly analyzing spend data, Aranca helps organizations understand the root causes of expenditure, enabling them to identify cost-saving opportunities and implement category-specific cost reduction strategies.
Aranca frequently assists procurement leaders facing challenges in monitoring top spend, gaining visibility into tail spend, and identifying cost-saving opportunities.
With our expertise in spend analysis, we help businesses streamline their procurement processes, uncover inefficiencies, and improve financial performance across various categories.
Top Spend and Tail Spend Analysis
Spend Trend Analysis
Spend Forecasting and Planning
We have successfully executed 200+ spend analytics projects, helping businesses optimize procurement processes, reduce costs, and improve supplier performance across 50+ countries.
Visibility on Spend Data: 100%
Building Opportunities for Cost Savings: >40%
Supply Chain Improvement: >60%
Aranca received procurement data from a global manufacturing client spanning the past 15 years. The team conducted an in-depth spend analysis to address the client’s rising procurement costs and the need for improved spend visibility. We meticulously analyzed this historical data, categorized spend, and identified inefficiencies across the client’s supply chain.
Aranca conducted a detailed spend analysis for a multinational corporation using 10 years of its procurement data to better manage tail spend and streamline procurement operations. Through this analysis, we identified non-strategic suppliers and purchasing inefficiencies.
Aranca received procurement data from a leading Asian multinational for the past 20 years. We conducted a comprehensive spend and risk analysis to enhance supply chain efficiency and mitigate risks. By examining historical spending patterns and identifying risk areas, we pinpointed vulnerabilities within their supplier base, pricing fluctuations, and logistical inefficiencies.
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Client Experiences
Do you provide spend analytics for large datasets across multiple years?
Do you provide industry benchmarks for spend categories?
Do you offer analysis / bundling opportunities for cost savings?
Do you cover both direct and indirect categories?
How do you ensure data quality and consistency in your operations?
Can you analyze the spend data in local language?
Do you recommend high-priority areas and suggest alternative suppliers?
What is your client-engagement process during project execution?
We would like to understand your spend analytics and procurement capabilities in more detail.
What are the steps to get a proposal for a spend analytics study?
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