{"id":6928,"date":"2020-05-04T14:35:58","date_gmt":"2020-05-04T19:35:58","guid":{"rendered":"http:\/\/test.isg.com\/?page_id=6928"},"modified":"2021-01-03T12:31:48","modified_gmt":"2021-01-03T18:31:48","slug":"insight-analytics","status":"publish","type":"page","link":"https:\/\/www.insightsourcing.com\/insight-analytics\/","title":{"rendered":"Insight Analytics"},"content":{"rendered":"

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Insight Analytics<\/strong> is a technology-enabled managed service that brings big data and analytics to Procurement. We leverage state-of-the-art procurement category analytics and automation to stop savings leakage and uncover incremental value for our clients.<\/h3>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row full_width=”stretch_row”][vc_column][vc_empty_space height=”30px”][vc_separator style=”shadow”][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/2″][vc_empty_space height=”30px”][vc_column_text]After sourcing, up to 30% of procurement savings evaporates for a myriad of reasons \u2013 whether due to pricing overcharges, \u201cmaverick spending\u201d, supplier non-compliance, supplier gamesmanship, or limited savings tracking.\u00a0 Without a plan for savings tracking and sustainability<\/a>, negotiated cost savings are at risk.<\/p>\n

By mitigating savings leakage and uncovering incremental value in spend categories, Insight Analytics\u2019 clients can ensure best-in-class savings outcomes are sustained over time.\u00a0 The process of analyzing procurement data, garnering insights, and executing action plans is highly complex, so we have developed a proven approach to driving bottom-line savings through data-driven category analytics.[\/vc_column_text][vc_empty_space height=”15px”][\/vc_column][vc_column width=”1\/2″][vc_empty_space height=”40px”][vc_single_image image=”6939″ img_size=”full” alignment=”center” style=”vc_box_shadow_3d”][vc_empty_space][\/vc_column][\/vc_row][vc_row full_width=”stretch_row” css=”.vc_custom_1587784549126{background-color: #ededed !important;}”][vc_column][vc_row_inner][vc_column_inner][vc_column_text]<\/p>\n

Helping Procurement Find Value with Category Analytics<\/strong><\/h3>\n

Insight Analytics partners with companies to drive savings to the bottom line by minimizing pricing errors, driving compliance, and capturing incremental savings on an ongoing basis. Tracking savings, preventing savings leakage, and driving incremental value are three ways Insight Analytics helps businesses and procurement organizations succeed.<\/p>\n

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Savings Tracking<\/h3><\/div><\/div>\n\t\t\t\t\t\t
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Detailed savings tracking provides assurances and visibility into actual savings tracking to the bottom line. Insight Analytics tracks sourcing savings for each category at a granular level and isolates the impact of unit price savings and volume fluctuations.<\/p><\/div><\/div><\/div><\/div> <\/div> <\/div>

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Savings Leakage<\/h3><\/div><\/div>\n\t\t\t\t\t\t
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Industry benchmarks reveal that up to 30% of sourcing savings leak away during the implementation process and disappear. Insight Analytics helps businesses plug the leaks by identifying and recovering price overcharges, driving compliance with preferred suppliers, and minimizing cost increases and surcharges.<\/p><\/div><\/div><\/div><\/div> <\/div> <\/div>

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Incremental Value<\/h3><\/div><\/div>\n\t\t\t\t\t\t
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By continually optimizing category spend over time, best-in-class companies can drive 3-5% incremental savings after sourcing. Insight Analytics supports companies with robust approaches to demand management, SKU rationalization, and service level optimization.<\/p><\/div><\/div><\/div><\/div> <\/div> <\/div>[\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row full_width=”stretch_row” bg_type=”bg_color” bg_color_value=”#06406b”][vc_column][vc_empty_space height=”45px”][vc_column_text]<\/p>\n

Seek & You Shall Find: The Procurement Leader’s Guide to Advanced Analytics<\/span><\/strong><\/h3>\n

Unlocking the Value Hidden in Your Procurement Data By Leveraging State-of-the-Art Analytics<\/span><\/p>\n

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Download Your Copy Here <\/i><\/a><\/p>\n

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Our Approach to Procurement Category Analytics<\/strong><\/h3>\n

Insight Analytics utilizes a three-phase approach to convert Analysis into value-generating Insights and Actions that result in real, tangible value. By leveraging our proven approach, Insight Analytics\u2019 clients can realize an average of 400% – 1000% return on investment while offloading the hard work of data analytics and focusing on the most strategic parts of their businesses.<\/p>\n

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Analysis<\/div>
Insight Analytics aggregates, cleans, and normalizes big data from multiple data sources into one succinct data warehouse. Then, we apply a robust suite of deep procurement data analytics, uniquely customized to each spend category and client environment.<\/div><\/div><\/div>