Fri.Dec 02, 2022

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How to do a Spend Analysis

CenterPoint Group

A spend analysis is an important piece of a company’s procurement puzzle. It is done with the main goal of understanding your spend better -- who are you buying products and services from? What are those products and services? Is there any overlap in what those suppliers are providing? How much money is being spent and who are we spending it with? We all know Pareto's Principle in tackling our expenditrues. but true Spend Analysis goes much deeper.

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Common Vendor Miscues That Hinder the Partner Experience

Channel Insider

When the vendor–channel partner experience (PX) goes well, both sides benefit through increased sales, higher renewal rates, and a smooth relationship with relatively few glitches or missteps. But when it goes wrong, it can drastically hurt your business. The four most common vendor miscues that can thwart PX include inadequate security, insufficient marketing support, overconfidence in partners’ business skills, and failure to nurture relationships with partners.

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