The activity of monitoring and analyzing the organizational spend is called Spend Analysis. The process of spend analysis gives deeper insights into spend patterns in the company and helps in reducing costs, boosting efficiency and managing supplier relationships by increasing visibility and transparency. Using real-time data and analytics procurement teams can dig into spend patterns… Continue reading Why do you need spend analysis and how it is used in procurement?
Purchases done outside of agreed-upon contracts are referred to as “maverick spend.” These purchases may not have been made on purpose, and some may have been made due to real errors or a lack of understanding. Such purchases that deviate from established procurement processes within the organization result in the company not being able to… Continue reading What is maverick spend in procurement and how do I reduce it?
Different organizations might use different ways for spend analysis based on their own demands and variables. The most common approach to perform spend analysis is as follows: Procurement teams must first identify the source of spend. Acquire and consolidate the relevant data. Eliminate errors by cleaning the gathered data. Perform grouping or segmentation of suppliers.… Continue reading How do you do spend analysis?
Spend analysis is one of the most important cost-cutting methods used by procurement teams. It can help organizations in identifying the areas in which the company overspends, or in which cost or spend can be reduced. A spend analysis can identify things such as maverick spending, contracts not being fulfilled, turnaround times not meeting expectations,… Continue reading How to reduce costs with procurement spend analysis?
Spend management solutions offer many standard spend analysis reports that can help organizations identify saving opportunities and provide visibility to their spend patterns. Many solutions also allow you to create custom reports as per your business needs. Some of the most commonly used reports available in MeRLIN are Spend by Buyer, Spend by Supplier, Spend… Continue reading What are the different spend analysis reports generated using spend management software?
The spend cube represents various dimensions representing the spend data that is required to be analyzed. The dimensions usually include Categories/sub-categories, buyers, spend with suppliers, etc. MeRLIN allows you to browse cubes from the buyer portal enabling users to interact with the data warehouse generated by MeRLIN in a user-friendly way and to view customized… Continue reading What is spend cube analysis & how can you do spend cube analysis with MeRLIN?
Vetri celebrated three years as CEO of MeRLIN Sourcing in June 2023. His vision spearheaded the transformation of the company internally through modernization and HR transformation and externally with the promise of delivering value to customers and putting them at the heart of the MeRLIN Sourcing business and product development strategy.
Vetri built his career in global software businesses over the last decades. Seasoned professional with a global perspective, spanning the Americas, Europe, and Asia, and a diverse industry background across EPC, Defense, manufacturing, automotive, and life sciences industries.
A firm believer in the principles of doing well by doing good, he won his two awards as the IT Executive of 2014-2015 and 2016-2017 in Europe. He is a highly regarded global thought leader in the IT and cloud software industries and is an active investor/advisor for emerging companies. He is known as a leader who builds and motivates world class teams, champions diversity, and exudes a deep passion for how technology can transform the workplace and empower individuals.
Dr. Werner Breuers completed his studies in chemistry at the RWTH Aachen University with a doctorate. He began his professional career in 1989 as a chemist at Hoechst AG in Frankfurt in the research and development department.
After managerial positions at Hoechst AG, Dr. Breuers took over management of the license and catalyst business at the polyethylene manufacturer Elenac GmbH in Kehl in 1999, which became part of the Basell group a year later. As a member of Basell’s Executive management team, he headed the global Technology Business division based in Milan and most recently served as President of Basell Polyolefins Europe based in Amsterdam.
Dr. Breuers has also been a member of the Board of Management of LANXESS AG since May 14, 2007 and was responsible for the Performance Polymers and Advanced Intermediates business units. His responsibilities and strategic operations also include the functional areas of Global Procurement & Logistics, Innovation & Technology and Industrial & Environmental Affairs. He has been board of several other companies and has also served as trustee of RWTH Aachen University and currently advising and supportinfg the growth of MeRLIN Sourcing in Europe.
Oliver Scheffert is an experienced entrepreneur with a successful completed doctoral program in business administration and a master’s degree in International Business Studies. He held management positions at Microsoft for nearly 13 years, receiving prestigious awards for exceptional leadership and results like the Circle of Excellence Platinum Award. Notably, Oliver led the ISV business unit in Germany to a billion-dollar revenue stream.
He later served as the General Manager/Managing Director at Aparavi Software Europe GmbH and recently founded CNSLT Partners GmbH, a strategy and management consultancy, leveraging his extensive specialist knowledge to help IT companies achieve lasting success.
