Spending Analysis – The Foundation for Effective Procurement
Kendall Mills, Group Director, Worldwide Procurement, Cadence Design Systems, Inc. (CDN), firstname.lastname@example.org
Sam Miller, Senior Director, Marketing, Softface, Inc., email@example.com, 214.706.9048
88th Annual International Conference Proceedings - 2003 - Nashville, TN
Forced by the global economic environment, procurement initiatives are the focus of every Global 2000 company. Key to any sourcing or procurement initiative's success is the knowledge of where best to focus in order to achieve savings. Thus, a very current, detailed analysis of where a company spends its money, and with whom, delivers the required focus. Spend Analysis has now become a constant business requirement, but this process has traditionally not been sustainable and easily repeated.