50 Shades of Pay – Shade 12 (Part 1): Financial Planning & Analysis Support [Plus+]

In most procurement organizations, spend analysis is in place to support corporate procurement groups performing top-down sourcing and category management. Larger and more progressive organizations may also have a “customer management” process for aligning to internal budget-owning stakeholders to make sure they are gaining value from their supplier spending – and also getting the eye from procurement. In earlier installments of the series, we discussed how to provide spend information to support these processes. Unfortunately, FP&A is a process that is mired down in preparing budgets rather than the more strategic role that it should occupy.

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