Helping Business Security & Peace of Mind for Your Family

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Helping Business Security & Peace of Mind for Your Family

SPEND ANALYSIS

Spend Analysis improves visibility into procurement information, enabling you to determine spend by commodities, products, services and suppliers. It also provides a dynamic ranking system for maintaining a snapshot of your most valuable suppliers. With Befinitive you gain more insight to better leverage your buying power, reduce costs and strategically improve supplier relationships.

Benefits:

  • Reduce enterprise spend through procurement visibility:

    Spend Analysis integrates procurement data across your organization to identify total spend by commodities and suppliers. By understanding spend behavior, you can identify cost-saving opportunity in procurement activities throughout the organization.

  • Rank suppliers for improved relationships:

    Rank suppliers using your own criteria and change the weight of each criterion dynamically. As you identify the suppliers that best meet your organization’s needs, you can prioritize and improve supplier relationships – optimizing your procurement spend.

  • Make better decisions based on facts:

    Because Spend Analysis delivers an accurate, complete view of your procurement data, it helps eliminate guesswork from your decisions. It also provides customizable views so that the appropriate data is always available for decision making.

Features:

  • Procurement data visibility:

    Accesses all spend data from any source, including external data sources such as project contractors. Provides complete picture of corporate spend: by commodity, by product or service, and by supplier. Scales to support complex global environments and integrate large volumes of data. Allows users to customize their view of spend information.

  • Data quality:

    Extracts and cleanses any type of data, from any source. Integrates seamlessly with Sourcing Strategy for commodity classification.

  • Supplier ranking:

    Repeatable and adaptable measuring system ranks suppliers based on the criteria that you determine are most important to your organization (e.g., quality and performance data, commodity price variances, supplier risk indexes and financial viability). Dynamic weighting system allows you to adjust the influence of each evaluation criterion as needed.

  • Reporting:

    Best practice reports for identifying cost-saving opportunities. Web-based, ad hoc querying capabilities to support custom reporting.

Welcome to our Befinitive company

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Befinitive “An SCM company” made up of experts in different industry branches providing services in Procurement, Sourcing, Finance & Accounts, Five S & Living to Fullest, Corporate Trainings, Soft skill trainings & Canada EE immigration program.

  • Why choose Befinitive?

    Befinitive is a rapidly growing HR Staffing and Recruitment Services company fulfilling any kind of Recruitment & Staffing (IT & Non IT) requirements for PAN India & Global Level with a highly qualified team who are up to date with technology, Operates from India. Befinitive specializes in recruitment solutions so get the right candidate for your firm with our help today.

  • The Befinitive’s business advisory program is designed to guide executives through their most impactful and difficult decisions – sourcing and procurement strategy, organizational posture, talent, cost reduction – helping them to realize value for procurement as well as the broader enterprise.

  • An SCM company providing Procurement, Sourcing & Finance services enabled with solutions

  • Partners with Corporates and takes over Indirect spend hence they focus on core areas for processes improvement leading to cost savings

  • Experts with vast experience in Procurement, Sourcing, Finance & Accounts , Five S & Living to Fullest

  • One stop solutions for Procurement, Sourcing, Finance & Accounts Support in Operational excellence Enhance Compliances Facilitate cost reduction Easily adaptable commercial (OpEx)