Spend Visibility
The need for spend visibility is clear.
Disparate systems spread across multiple geographies. Incomplete and erroneous data. Multiple classification schemes. All of these factors obscure spend analysis, leading you to make misinformed sourcing and business decisions. And that can cost you money and put your business at risk.
But gaining improved visibility into what you are buying and from whom provides only a partial picture. The ability to take strategic action from enriched, classified spend data also requires external focus on market and supply base dynamics. Knowing your prices have declined 20% in a particular category over the last 12 months is good, but more important is knowing how much market prices have declined during the same period. Meanwhile, in such a challenging and tenuous economy, do you know which of your suppliers are at risk of failure? Which comply with your diversity program requirements?
THIS is next-generation spend analysis.
Imagine the power of having accurate, up-to-date visibility into all your company's spending. Now imagine that this classified data is enriched with key business and market intelligence -- all delivered through an intuitive, yet advanced analysis engine.
Ariba provides three dimensional visibility in these key areas:
- Internal Visibility provides granular commodity codes so you have improved visibility into what you are buying.
- Supplier Visibility, based on our 150M+ global database updated by Dun & Bradstreet and other sources, provides a number of enrichment attributes delivering critical details about your supply base.
- Market Visibility consists of industry and Ariba proprietary sourcing market information allowing you to make more informed strategic sourcing decisions.