Spend Analysis

Published: 2021-06-29 06:55:56
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Category: Business

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[pic 1]Prepared By: Mohammad AhsanCompany Introduction:Mobilicity Wireless, Canada’s smart mobile carrier, was created to bring down the cost of wireless with unlimited talk, text and data plans, affordable North American coverage, plus popular handsets and smart phones – without locking customers into contracts or charging extra or hidden fees. Formerly known as Data & Audio-Visual Enterprises Wireless Inc. (DAVE Wireless), the company is led by Obelysk, a diversified Canadian holding company, and Quadrangle Capital Partners, a global investor in the telecommunications and media sectors. Mobilicity was named one of Canada’s Top 25 Up and Coming Information & Communication Technology start-ups in 2010 by the Branham Group Inc. Further information about Mobilicity can be found at www.mobilicity.ca.Goods Spend Analysis in your organization.Goods spend Analysis is the process of organizing a company’s spend, leveraging spend data for the purpose of gaining visibility into cost reduction, performance improvement and uncovering hidden savings opportunities. Spend Analysis consist of three different components which are Suppliers, Customers and Commodities & Services. The output of a spend analysis is a summary of purchases by various variables, such as category, supplier, and/or business unit. Each component should be measured in dollars and number of transactions which should be a potential source of improvement and cost saving. I believe spend Analysis serves three internal user groups in a company which comprises of: Leadership of the organization usually the Chief Executive Officer (CEO) and Chief Operating Officer (COO) who needs up-to- date reports to drive strategic direction. Managers, Accountants or Chief Financial Officer (CFO) who need to drill down into a spend data set to explore specific areas of interest or track down payment specifics. Sourcing power users who need to locate, drive, and monitor the next set of savings initiatives. Companies that developed formal, centralized spend analysis programs have found that they have been able to conduct effective and ongoing spend analysis through the use of five key processes, involving automating, extracting, supplementing, organizing, and analyzing data.Mobilicity Powers Up Spending Analysis to Improve Supplier Relationship Management Company-wideBusiness ChallengeMobilicity spends more than $200 million on goods and services each year, approximately 60% on direct and 40% on indirect materials. The company had little ability to leverage its own aggregate spending power and to collect and analyze data across divisions hindered effectiveness of centralized procurement initiative.

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