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Why to do Spend Analysis? Following are the few main reasons for doing spend analysis for our business: To prepare more detailed and accurate financial and annual reports for our company To find opportunities to cut costs across all sped category To create budget and forecast for as procurement To spot fraudulent or unacceptable maverick […]

Information required for informed Sourcing Decisions is either company’s internal data or external data of supply market. Internal data source is mainly company’s ERP data that is further cleansed and analysed in Spend Analysis.

Supplier Scorecard is we used to measure suppliers, and to give qualified or certified status to suppliers. Ideally, The best scoring suppliers per commodity group would get more share in the order. 1) Quality Monthly DPMO (defective parts per million opportunities) = Monthly Quantity Rejected ÷ Monthly Quantity Received x 1,000,000Rolling three-month DPMO to track […]

According to the American Iron & Steel Institute (AISI), Steel can be categorized into four basic groups based on the chemical compositions: Carbon Steel | Alloy Steel | Stainless Steel | Tool Steel Carbon Steel can be segregated into three main categories: Low carbon steel (sometimes known as mild steel); Medium carbon steel; and High […]

Review, Aggregate and Consolidate Purchase Requirements & Deliveries Review and Renegotiate existing contracts based Total Cost Avoid/Reduce Maverick Spend Optimize Supplier Base, Inventory, Centralized / Decentralized Purchasing, Catalog Purchasing Value Analysis & Value Engineering, Review Specifications Train and Educate procurement team Process Automation

Defects are common phenomenon in any engineering process. There is some limitation in any process which causes defects. Proper designing and moulding can give a defect free cast, but due to some control limitation and human interference defects are generally occur. By the proper assistance on work we can minimise the casting defects. Generally, a […]