Spend Optimization

With the spend optimization analysis you are able to further consolidate your suppliers. Based on an optimization algorithm, the optimal number of suppliers is determined where you can best place your purchases.

The limits within which this optimization calculation must take place are predefined and given to the algorithm.
The new insights may be a reason to take actions towards suppliers and adjust the contract conditions.

In the demo you can see the result of the algorithm. You can see which suppliers have been eliminated and how much spend is removed from one supplier and transferred to another supplier. This is a calculated optimum.

Note: the data is fictitious