Improve Dynamic Pricing Capabilities, Forecast Accuracy, and Cash Flow Visibility with Procurement Speed Planning
One of the six major features of our speed planning solution built on Anaplan software is our procurement planning platform. Its data-driven agile framework enables enterprises to accelerate their procurement planning operations and align strategies across geographies and departments/segments.
Our procurement speed planning model unifies business data so that organizations have visibility into each stage of the procurement process and can quickly make adjustments when needed to ensure successful outcomes. The solution also offers critical actionable insights to CPOs via KPIs through its executive summary dashboard.
The tool’s key analytics features include the following:
- Cash outflow and spend analytics: Streamline contract management based on PO and identify any potential risks and needed action. The tool’s cashflow-planning capabilities project the future outflow from a procurement perspective and identify any need for renewal negotiations. It also offers PO and non-PO spend analytics, covering what’s planned and spent versus what’s going to be spent in a forthcoming period (actuals versus forecast). This provides cashflow data for CAPEX and its associated approval/process workflow.
- Contract cost management analysis: Gain visibility into cost overruns and underruns, and differentiate cost avoidance versus cost savings.
- Supplier risk profiling analysis: Capture risks and opportunities at the contract level and confirm the investment/spend has yielded the desired ROI.
In addition to our procurement planning platform, our agile XP execution model enables businesses to speed up project deliveries with basic deployment capabilities that reduce delivery times to five to eight weeks. Teams can keep iteration cycles to one to two weeks and customize projects according to their business needs.