SOURCE: Spend Matters

Spend Matters

May 17, 2010 12:00 ET

Spend Matters Research Examines Supply Risk Solutions Providers

Companies Can Systematically Reduce Supply Risk By Implementing Technology and Content Solutions

CHICAGO, IL--(Marketwire - May 17, 2010) -  Spend Matters, the leading procurement and supply chain information and research hub, recently released the first two papers within a new research series examining the role of analytics within procurement and the supply chain.

The first paper, "The Intersection of Analytics and Supply Chain Risk Management: Using Intelligence to Drive Early Intervention," provides insight into what technologies, vendors and approaches companies should use to target supply risk at an executive level. Examining approaches from such companies as D&B, Ariba, Emptoris, Oracle, Aravo, SAP and other solution providers, the study provides an analysis of different methods and approaches companies use to build visibility into supplier financial and operational risk metrics.

Jason Busch, Principal Analyst and lead author of the study, suggests that "supply risk solutions typically fall into four categories: spend visibility tools (extended to support risk enrichment), supplier performance management applications, supplier information management solutions and pure-play supply risk technologies." Busch also notes that "many companies are confused by the options available to them, yet in this early market, provider approaches and enabling technologies can differ dramatically."

Yet companies must take action if they're to avoid many different supply risk factors in the current economy. When suppliers go bankrupt or otherwise cease operations, Busch suggests that the single cost per occurrence can reach $5 million or more.

This latest Spend Matters research series is dedicated to examining how procurement, finance and supply chain organizations can derive new savings, better manage working capital and risk reduction benefits through analytical toolsets. Other topics in this research series include:

  • Beyond the Basics: Using Spend Visibility to Drive More Than Category Sourcing Strategies and Spend Reporting
  • Analytics and P2P: Using Spending and Payment Insights to Drive Savings and Working Capital Management Strategies
  • Empowering Savings: Emerging Strategies for Providing Sourcing Professionals With Actionable Supplier and Supply Market Intelligence

Readers can download both of these free reports and other complimentary studies directly from the Spend Matters website: http://www.spendmatters.com/library.

About Spend Matters
Spend Matters is an information and research hub dedicated to examining a range of procurement and supply management issues. Founded in 2004, Spend Matters is the longest running and highest trafficked research and social media site in the sourcing and supply chain arena.

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