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Thames Water - Spend Analytics

Spend Analytics

  • Launched joint finance/procurement to validate data sources
  • Developed custom taxonomy to reflect unique reporting requirements based on modified UNSPSC classification structure
  • Classified 100% of spend and suppliers providing new opportunity in both direct and smaller indirect spend not previously classified
     
Are my procurement savings hitting the bottom line?
Insight
Are my procurement savings hitting the bottom line?

Procurement technology can now record and track cost reductions for Private Equity owners and their portfolios.

Maximizing the value from digital technologies
Insight
Maximizing the value from digital technologies

Simon Lipscomb, Marketing and Sales Director, is interviewed about the changes in procurement technology.

Accessing next level technology with better procurement
Guide
Accessing next level technology with better procurement

With the rise of technology the landscape of procurement is shifting. Here’s how effective procurement departments can capitalize on the new technological developments.

Maximum performance: Supplier relationship governance and oversight
Case study
Maximum performance: Supplier relationship governance and oversight

Efficio supported the development and implementation of a new supplier relationship management tool to increase performance at UKAR.