Procurement Analytics

Learn how to use the analytics features to gain insights into your procurement operations and make data-driven decisions.

Summary​

The Procurement Analytics dashboard provides insights into your procurement operations. Track spending, monitor savings, and evaluate supplier performance to optimize your procurement processes.

Key Metrics​

Monitor critical performance indicators:

• Total spend: Track overall procurement expenditure across all categories and suppliers
• Number of requisitions: Monitor procurement activity and process efficiency
• Savings opportunities: Identify potential cost reductions and optimization opportunities

Savings Analysis​

Track different types of savings to maximize cost reduction:

• Swap savings: Switch to more cost-effective alternatives when available
• Store savings: Track negotiated discounts versus public pricing
• Price Drop Savings: Monitor price reductions compared to previous orders

Date Range and Activity Analysis​

Date Filtering​

Use the date selector to:

• Compare performance across different periods
• Identify seasonal trends
• Track year-over-year improvements
• Analyze the impact of specific initiatives

Recent Activity​

Monitor platform engagement:

• Track user adoption rates
• Identify most active users and departments
• Spot potential training needs

Customer Insights​

The Customers section provides buyer behavior analysis:

• Track individual and team spending patterns
• Identify high-performing users and teams
• Monitor compliance with procurement policies
• Discover opportunities for process improvement

Filtering Options​

Customize your analysis:

• Created at: Track new user onboarding and adoption
• Country: Compare performance across different regions

Detailed Reporting​

The Reporting section provides insights across multiple dimensions:

• Countries: Compare regional performance and identify market-specific trends
• Products: Track product category performance and identify optimization opportunities
• Suppliers: Evaluate supplier relationships and performance metrics

Advanced Filtering​

Refine your analysis with filters:

• Date: Analyze trends over specific time periods
• Country: Focus on regional performance
• Supplier: Evaluate individual supplier relationships

Report Customization​

Create targeted reports focusing on key metrics:

• Spend: Track and analyze expenditure patterns
• Requisitions: Monitor procurement process efficiency
• Swap Savings: Identify and track cost reduction opportunities
• Missed Swap Savings: Discover untapped saving potential

Search Analytics​

The Search section reveals user behavior patterns:

• Understand what users are looking for
• Identify gaps in product catalogs
• Improve search functionality
• Optimize the procurement experience

Comparison Mode​

Benchmark performance:

• Compare different time periods
• Identify trends and patterns
• Measure the impact of improvements
• Track progress against goals

Search Metrics Analysis​

Key metrics to optimize the procurement experience:

• Total Searches: Track overall platform usage
• Searches without Results: Identify catalog gaps and improvement opportunities
• Searches without Clicks: Spot mismatches between user intent and search results
• Results Quality: Measure and improve search effectiveness

Quote Analysis​

The Quotes section helps optimize your RFQ process:

• Track supplier response times
• Monitor quote quality
• Identify bottlenecks
• Improve quote management efficiency

Grouping Options​

Analyze quote data from multiple perspectives:

• Country: Understand regional quote patterns
• Supplier: Evaluate supplier responsiveness
• Combined View: Get comprehensive insights across regions and suppliers

Quote Filters​

Fine-tune your quote analysis:

• Requestor: Track individual buyer performance
• Country: Compare regional quote processes
• Supplier: Evaluate supplier quote behavior
• Custom Filters: Create specialized views for specific needs

Interactive Tutorial​

For a detailed walkthrough of the analytics features, watch this interactive tutorial: