Hackett Content

Conducting a Data Collection Process for a Global Spend Analysis (“Einmal um die Welt”)

Much like any global initiative a corporation will undertake, a global spend analysis presents a host of challenges requiring considerably more diligence, coordination, and communication than a normal domestically-focused procurement initiative. What makes a global spend analysis uniquely difficult, however, is the process of collecting, tracking, and synthesizing an immense amount of data from numerous locations around the world—and across multiple languages, time zones, and data sources. The purpose of this article is to highlight some of the key processes and steps that will help your organization be success in this endeavor.