Spend analysis can be said to be a way of drawing up their purchasing map, which is then used as a tool for formulating purchasing strategies, both in general and for specific purchasing categories.
Procurement ensures constant supply of goods and services from external sources within companies. Negotiated prices and conditions play a central role here, as does the purchasing of products and services in line with demand.
In the podcast, Frank Schmidt talks to British purchasing consultant James Meads about the Onventis Source-to-Pay Suite and what functionalities the Onventis solutions offer.
