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½ÃÀå Á¡À¯À²°ú ¿¹Ãø : ÁöÃ⠺м® Åø(2023-2028³â), ¼¼°è ±Ô¸ð(2°³ ¸®Æ÷Æ® ¹øµé)Market Share and Forecast: Spend Analytics Tools, 2023-2028, Worldwide (Bundle of Two Reports) |
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This product includes two reports: Market Share and Market Forecast.
QKS Group Reveals that Spend Analytics Market is Projected to Register a CAGR of 16.50% by 2028.
Today's spend analytics applications have progressed from offering cost-cutting recommendations to assisting organizations in visualizing and optimizing their spending across different categories, improving visibility into suppliers' pricing structures, and assisting in the supplier selection process to improve operational efficiency and reduce costs. With the advent of advanced analytics technologies, such as machine learning, artificial intelligence, automation, and NLP, spend analytics has evolved significantly, allowing them to track the outcome of strategic spend initiatives to compare against original goals in real-time. Modern spend analytics software provides detailed insights into spending patterns, supplier performance, contract compliance, and other critical metrics. They are designed to perform various sourcing functions, including defining business requirements, supplier discovery and management, online negotiations, and contract management with a variety of suppliers. Spend analytics also assist users with real-time visibility into potentially fraudulent activities, running automated supplier compliance checks and mitigating supplier risk.
Quadrant Knowledge Solutions defines Spend Analytics software as a "tool that gathers, cleans, clusters, categorizes, and analyses an organization's end-to-end procurement spend to identify opportunities for saving cost, increasing productivity, and enhancing supplier relationships." The tool incorporates data from various sources, including financial and third-party data, to decrease wasteful procurement spend, mitigate contract compliance risks, help make apt sourcing decisions, track and benchmark spend performance, and provide better visibility of expenditure data.
QKS Group Reveals that Spend Analytics Market is Projected to Register a CAGR of 16.50% by 2028.
Today's spend analytics applications have progressed from offering cost-cutting recommendations to assisting organizations in visualizing and optimizing their spending across different categories, improving visibility into suppliers' pricing structures, and assisting in the supplier selection process to improve operational efficiency and reduce costs. With the advent of advanced analytics technologies, such as machine learning, artificial intelligence, automation, and NLP, spend analytics has evolved significantly, allowing them to track the outcome of strategic spend initiatives to compare against original goals in real-time.
Modern spend analytics software provides detailed insights into spending patterns, supplier performance, contract compliance, and other critical metrics. They are designed to perform various sourcing functions, including defining business requirements, supplier discovery and management, online negotiations, and contract management with a variety of suppliers. Spend analytics also assist users with real-time visibility into potentially fraudulent activities, running automated supplier compliance checks and mitigating supplier risk.