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Improving the decision-making process.
Eliminate Guesswork.
Speeding up the decision-making process.
Better alignment of resources with strategies.
Realizing cost efficiencies.
Availability of data on a timely basis
Gain Insight into Process and Supply Chain
Insights & Benefits Business Outcome
Customer Sat Improvement
ROI Improvement
Realizing Efficiencies
Predict Potential Limits to Growth
Simulate New Business Models
✓ Rapid, fact-based culture to make decisions and reduce guesswork, strategic product and revenue decisions
✓ Identification and optimization of the most profitable activities and elimination of money-losing business activities
✓ Identification and optimization of the true drivers of financial performance and cost efficiencies
✓ Improved response to customer needs and trends
✓ Improved analysis to predict and profile ROI and its impacts for proposed business initiatives
6 Data Driven Steps to reducing Procurement costs by 5% to 15%
https://myseaforth.com/
Problem
Recognition
Review
Previous
Findings
Modelling Data Collection Data Analysis
Results
Presentation &
Actions
Preparation Immersion Incubation Insight
Step 1 Step 2 Step 3 Step 4 Step 5 Step 6
Incubate
Insight
▪ Business Case
▪ Justification
▪ Business Benefit
▪ Understanding
▪ Detailed Analysis
▪ Determine Business Lever(s)
▪ Focus
▪ Possible Solutions
▪ Idea Generation
▪ Scenarios
▪ Action Outcomes
▪ Business Value
Data Driven – 6 Steps to Data Driven Decision Making
https://myseaforth.com/
Data Driven Models – Business Value Levers
https://myseaforth.com/
Why Spend Analytics is Important ?
▪ Identify highest Value spend Suppliers & Categories
▪ Improve Strategic Sourcing
▪ Reduce Tail Spend
▪ Vendor Base Compliance
▪ Increase Contract Spend Value
▪ Eliminate Maverick Spend
▪ Improve Category Roadmap
▪ Company Wide Consolidated Spend Visibility
▪ Standard Taxonomy
▪ Uniform Currency reports
▪ Vendor base reduction
▪ Payment Term Analysis
▪ No of Suppliers per Category
▪ Geographical information
▪ Normalised Supplier Grouping & Supplier Grouping
▪ Keyword search
▪ Invoice level search features
▪ Review number of Orders Placed
Business value levers
https://myseaforth.com/
1. Identify Leverage With Existing Suppliers
2. Supplier Rationalization
3. Preferred Supplier Spend
4. Spend by Buying Channel
5. Purchase Price Variance
6. Sourcing Compliance
Benefits
Reduce spend in many categories between 5% to 15%
Data Driven – Benefits from Spend Analytics
https://myseaforth.com/
Sample Data Visualization's
https://myseaforth.com/
Edward is an Innovative Supply Chain Director
with proven, purchasing, operations and
technical expertise.
Expert at using data to increase company
earnings and growth through highly strategic
sourcing and related supply chain initiatives,
underpinned by Advanced Analytics.
Powerful combination of MBA, Engineering
degrees applied in fast-paced commodity
environment along with extensive Global
sourcing experience.
Excellent relationship-builder with a positive
attitude, strong work ethic, and ability to make
things happen.
Motivational, Leadership, IT, numerical and
analytical skills, with the ability to extract and
process diverse data into a management
information system.
About Edward McGeachie
https://myseaforth.com/
Procurement Analytics and Business Intelligence company
We provide Spend Analytics and Business Intelligence Tools.
Products that deliver insight, improved decision making and cost savings.
Technology & knowledge, beyond supplier classification.
Supporting Strategic and Tail Spend sourcing.
Creating the most value from your procurement data.
Less time, improved opportunity analysis, quick wins and savings plans.
Call 00 44 (0) 141 471 9747
Or visit us on @
Who Are Seaforth Analytical Services ?
https://www.linkedin.com/in/eddie-mcgeachie-879b341/

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Save 5% - 15% of Spend - 6 Steps to Data Driven Procurement

  • 1. Improving the decision-making process. Eliminate Guesswork. Speeding up the decision-making process. Better alignment of resources with strategies. Realizing cost efficiencies. Availability of data on a timely basis Gain Insight into Process and Supply Chain Insights & Benefits Business Outcome Customer Sat Improvement ROI Improvement Realizing Efficiencies Predict Potential Limits to Growth Simulate New Business Models ✓ Rapid, fact-based culture to make decisions and reduce guesswork, strategic product and revenue decisions ✓ Identification and optimization of the most profitable activities and elimination of money-losing business activities ✓ Identification and optimization of the true drivers of financial performance and cost efficiencies ✓ Improved response to customer needs and trends ✓ Improved analysis to predict and profile ROI and its impacts for proposed business initiatives 6 Data Driven Steps to reducing Procurement costs by 5% to 15% https://myseaforth.com/
  • 2. Problem Recognition Review Previous Findings Modelling Data Collection Data Analysis Results Presentation & Actions Preparation Immersion Incubation Insight Step 1 Step 2 Step 3 Step 4 Step 5 Step 6 Incubate Insight ▪ Business Case ▪ Justification ▪ Business Benefit ▪ Understanding ▪ Detailed Analysis ▪ Determine Business Lever(s) ▪ Focus ▪ Possible Solutions ▪ Idea Generation ▪ Scenarios ▪ Action Outcomes ▪ Business Value Data Driven – 6 Steps to Data Driven Decision Making https://myseaforth.com/
  • 3. Data Driven Models – Business Value Levers https://myseaforth.com/
  • 4. Why Spend Analytics is Important ? ▪ Identify highest Value spend Suppliers & Categories ▪ Improve Strategic Sourcing ▪ Reduce Tail Spend ▪ Vendor Base Compliance ▪ Increase Contract Spend Value ▪ Eliminate Maverick Spend ▪ Improve Category Roadmap ▪ Company Wide Consolidated Spend Visibility ▪ Standard Taxonomy ▪ Uniform Currency reports ▪ Vendor base reduction ▪ Payment Term Analysis ▪ No of Suppliers per Category ▪ Geographical information ▪ Normalised Supplier Grouping & Supplier Grouping ▪ Keyword search ▪ Invoice level search features ▪ Review number of Orders Placed Business value levers https://myseaforth.com/
  • 5. 1. Identify Leverage With Existing Suppliers 2. Supplier Rationalization 3. Preferred Supplier Spend 4. Spend by Buying Channel 5. Purchase Price Variance 6. Sourcing Compliance Benefits Reduce spend in many categories between 5% to 15% Data Driven – Benefits from Spend Analytics https://myseaforth.com/
  • 7. Edward is an Innovative Supply Chain Director with proven, purchasing, operations and technical expertise. Expert at using data to increase company earnings and growth through highly strategic sourcing and related supply chain initiatives, underpinned by Advanced Analytics. Powerful combination of MBA, Engineering degrees applied in fast-paced commodity environment along with extensive Global sourcing experience. Excellent relationship-builder with a positive attitude, strong work ethic, and ability to make things happen. Motivational, Leadership, IT, numerical and analytical skills, with the ability to extract and process diverse data into a management information system. About Edward McGeachie https://myseaforth.com/ Procurement Analytics and Business Intelligence company We provide Spend Analytics and Business Intelligence Tools. Products that deliver insight, improved decision making and cost savings. Technology & knowledge, beyond supplier classification. Supporting Strategic and Tail Spend sourcing. Creating the most value from your procurement data. Less time, improved opportunity analysis, quick wins and savings plans. Call 00 44 (0) 141 471 9747 Or visit us on @ Who Are Seaforth Analytical Services ? https://www.linkedin.com/in/eddie-mcgeachie-879b341/