Procurement analytics
Make better decisions in your Source-to-Pay (S2P) cycle
TRANSFORM YOUR S2P CYCLE
Polestar's Procurement Insights helps customers
Governance & Control related analytics help executives track and improve performance of entire Procurement function. It helps procurement leaders understand key efficiency and effectiveness metrics across teams to equip them with the right resources and tools, minimize risk exposure, and grow the business landscape.
Some examples of Governance and Control Analytics include:
Category Management Analytics focuses on the strategic management of spend. It aims to provide category managers with necessary insights to select the best sourcing methodology for management of the spend in their portfolio.
Some examples of Category Management Analytics include:
Contract Management Analytics explores the operational and strategic aspects of Contract Management process. With such analytics, organizations can understand key pain areas in the contracting process, contract policy adoption, and contract administration and make the contracting experience less daunting and complex for end users.
Some examples of Contract Management Analytics include:
The understanding of supplier landscape may come across as an easy exercise by looking into Vendor master data and running basic analytics on it. However, the true picture of supplier engagement, performance, and risks come to light when we aggregate data across multiple data sources and build robust analytics around all supplier touchpoints with your organization.
Some examples of Supplier Management Analytics include:
Purchasing and Order Management process is how most end users in a business interact with the procurement function. Most users in an organization do not consider strategic aspects of category, contract, and supplier management. Purchasing and Order Management analytics helps Procurement leaders to better understand the existing process and suggest tech-powered ways to optimize the process.
Some examples of Purchasing and Order Management Analytics include:
Invoicing Process is ultimately responsible for getting suppliers paid and hence is a very important process for the suppliers. Keeping Invoice Management process efficient will keep suppliers happy and will help maintain Organization as a customer of choice for suppliers.
Some examples of Invoice Management Analytics include:
We do not follow a one-size-fits-all approach to boost procurement performance but instead, we bring in a collaborative, agile approach to perform sophisticated quantitative operations and derive actionable insights & value.
2 WEEK MATURITY ASSESSMENT
Provide an easy and efficient process for businesses to request goods and services
Engage with a high-performing reliable supply base that can be managed effectively
Ensure that major decisions deliver the best performance and value to the business
Set Up & Monitor growth drivers that align with procurement strategies to accelerate efficiency
Leverage the power of your procurement data to make better business decisions.
Integrate different Procurement systems to deliver advanced analytics across Source-to-pay processes such as :
