Customers are a company’s most precious resource and will ultimately determine your success. As such, it is important that you get the most value for the amount of time and money that you spend on customer relations. Today, more than ever, businesses face a growing pool of data. Whether these data are generated via social […]

The purchase price variance (PPV) is the difference between the expected cost of a purchased item and the actual cost of that item. This calculation is not used in service industries, as it does not apply to services; this is an example of situational context affecting terminology. It is the difference between the actual cost […]

Determining spent value for a specific product is never easy. With the help of this report, you can easily determine spent values for any product within your store to spot trends and make better decisions. Spend analysis report is a report that shows you how much money you spent in a month and where you […]

If you are new to the field of Spend Analytics, or don’t know much about it, you’re not alone. Many people outside of the world of finance don’t have an idea of what this unique field entails and how it can impact business performance. In this article, we will explore the definition and brief history […]

Direct Spend Analysis is a technology company that offers automated and intelligent procurement for SMEs. We help our customers to reduce cost, manage expenditure, improve supplier relationships and create efficiencies in their purchasing. Direct Spend Analysis provides a complete overview of the total spending, average spend per user, and spends by individual categories at your […]

Businesses are constantly looking to improve the effectiveness of their procurement strategies, which are typically focused on finding the best price and terms possible on every single purchase order in their company. This approach isn’t always as productive as it could be, though, because businesses tend to simply do things the way they’ve always done […]

Supplier segmentation is the practice of dividing up suppliers into groups based on the benefit that they bring to your company and the roles that they play in your supply chain. By classifying suppliers into segments, you can determine which suppliers are most important to you and which ones are less significant. In turn, this […]