An organisation that is not taking any action on their maverick spend will always lack the visibility of what your employees/business is spending and whom it is spending with to buy what products and services. Without this knowledge, organisations will be unable to risk assess the impact of this maverick spend.
Category Management helps to organise the procurement team resources and contributes towards economies of scale and enhanced supplier relationships whilst gaining an in-depth understanding of how each category contributes to risk management.
There is no need to continue estimating and guessing – Spendkey can tell you how your organisation is spending 100% of its expenditure and provide actionable insights to help you make informed decisions.
With Spendkey, pharmaceuticals can observe dependency on key suppliers by determining the level of dealings with them. The in-depth spend analysis which Spendkey provides helps pharmaceuticals to advance their risk management strategies.
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