Procurement Performance Planning, Analytics Template for Power BI

It is created by smartPM.solutions. The template enables multidimensional spend analysis, price/volume forecasts with baked-in AI, risk monitoring, initiative tracking, contract analysis, savings forecast and seamless integration into S&OP, including bills of material (BOM). It provides a holistic solution that integrates all the key insights onto a unified analytics dashboard.

This showcase for Procurement Performance Management is an integrated solution built using Acterys Power BI. It provides CPOs, finance analysts, S&OP and SCM Managers flexible and easy-to-use tools for demand volume prediction and comprehensive ‘what-if’ analysis for price changes across the supply chain. The more procurement departments are supported with all necessary information and analysis, the better they perform in their key task: to properly acquire goods and services to fulfill the company’s strategic objectives. Acterys’ process optimization and automation features help free up time and reduce costs through better negotiations with suppliers.

It further facilitates:

• CPOs to define top-down saving targets, Procurement Performance analysts and finance monitor direct and indirect spend and saving initiatives they are in charge of
• Monitoring actual spending, savings, and suppliers as well as balancing supply & demand crucial in S&OP and SCM
• Leveraging AI and external price forecast sources to simulate direct and indirect price and volume changes across several dimensions like category tree, product, material/cost driver, region, supplier, and many dimensions more
• Sales forecasts to be translated into procurement demand via the Bill of Materials (“BOM”) and expected demand from sales can be balanced with production capacity
• Working with online collaboration and communication tools like MS Teams facilitates seamless alignment and quick target achievement.

Having the Acterys Power BI solution enables Finance, S&OP, SCM, Procurement, Production & HR to be on the same page to ensure target achievement and high overall enterprise performance. All loose ends of typically scattered information can be connected in truly integrated business planning (‘extended Planning & Analysis, xPA’).

Note: This procurement performance management solution has been implemented by smartPM.solutions using the Acterys platform.