Bareki Spend Analytics uses our own Procurement technology, tools and methodology to collate and present vast amounts of data in a meaningful way. Data is often distributed between a large number of financial and ERP systems, across many different geographical and business entities. Purchasing activity itself may be widely distributed and can include significant unofficial, ‘maverick’ or non-compliant activity.
Bareki applies structure and analytics to deliver deep insight into categories and suppliers at many levels, linking and enriching data from many sources, revealing savings opportunities and tracking performance.
Bareki’s Spend Analytics will help you:
- Take control of the procurement process
- Identify savings opportunities by rationalising the supplier base
- Take advantage of savings opportunities arising from growth and increased procurement leverage
- Eliminate maverick and non-compliant or off-contract behaviour Track and verify procurement performance and improvement
We start by agreeing a standard taxonomy: a multilevel ‘tree’ to which spend categories and individual orders can be allocated. A route might be Indirects > IT > Hardware > Laptops. This foundation enables us to identify all sources of data on different systems, which we then pull together into a ‘spend cube’. We cleanse and verify the data: for example, different descriptions for the same input, or different trading names used by the same supplier. The team also imports additional data such as baselines, budgets, contract details, negotiated rates and supplier data.
