Reduce Spend and Optimize Procurement Performance with Oracle Procurement and Spend Analytics
Oracle Procurement Spend Analytics provides procurement organizations with visibility into spend, procurement performance, supplier performance and employee expenses. Procurement Spend Analytics elevates the value of the traditional procurement organization from processing purchase orders to driving strategic value through identification of savings opportunities, supplier performance improvements and procurement cycle time reductions.
Oracle Procurement and Spend Analytics Dashboards include:
- Spend Analyzer – Creates visibility to spending patterns for both direct and indirect spend, enabling users to identify and realize the savings opportunities, with the ability to do the spend analysis by commodities, suppliers, supplier locations, buying locations, business units, cost centers, buyers and contract usage.
- Supplier Performance Analytics – Enables organizations to have a complete picture of the performance of their suppliers, including complete supplier scorecards, supplier price performance, delivery performance, product receipt quality, on-time payment ratings, payment activity and volume and payments due / overdue analysis.
- Procurement Performance Analytics – Provides visibility necessary to monitor and optimize Procurement effectiveness on a continual basis to identify bottlenecks and take proactive and corrective actions to minimize impact.
- Employee Expense Analytics – Delivers understanding of how the money related to travel and expenses is being spent through creation of a complete picture of Employee Expenses, including approval cycle times, expenses by expense type, and expense report status.
Example Dashboards – Click to Enlarge