Friday, 18th May 2012
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Brochures
Benefits of Insight
Insight provides the information to:
  • Reduce inventory levels
  • Reduce storage and maintenance costs
  • Reduce obsolescence costs
  • Reduce interest charges on working capital
  • Conduct an inventory rationalisation programme
  • Identify disparities in stock levels and usage levels between locations
  • Aggregate purchasing from individual suppliers
  • Benchmark best practice across your organisation
  • Use consistent, company-wide spend analysis to deliver continual process improvement
  • Enable better targeted price negotiations with suppliers using aggregated, normalised data
  • Improved disciplines around spend forecasting, with better tracking against targets
  • Respond rapidly to ad hoc queries, improving senior management decision making
  • Quickly identify areas of weakness, such as too many suppliers providing the same services or conversely, too much exposure to a single supplier