Commodity expertise, negotiation techniques, and procurement execution are all critical components of best-in-class supply management organizations. However, the success of any supply management initiative has to be driven and is dependent upon the ability to collect, categorize, and analyze spend data.
Visibility over timely, accurate, and detailed spend data provides invaluable intelligence on spending patterns, contract and pricing compliance. Such insight is critical for identifying hard-dollar savings opportunities and developing strategic sourcing initiatives.
The Boston University Spend (BUS) report is a new report that provides users the ability to evaluate purchases made by fiscal period. The level of granularity of this report is not limited to supplier level spend, users can evaluate many data dimensions like product part number, description, quantity and price.
We are very excited about the level of visibility this report provides and want to invite you to use it. Please access it by going to:
BUworks Central > Reporting Tab > Supplier Relationship Management (SRM) > Purchasing Overview > Boston University Spend (BUS)
For questions please contact:
Associate Director, Strategic Planning and Procurement Systems
Boston University – Sourcing & Procurement
975 Commonwealth Avenue, Boston, MA 02215
P 617.353.6696 | F 617.353.5384 | www-test.bu.edu/sourcing