Rapid, Low-Cost Spend Analysis Tool Celebrates Anniversary with New Features

    WILLOW GROVE, PA, December 07, 2017 /24-7PressRelease/ -- The Procurement and Strategic Sourcing leaders at Source One Management Services, LLC continue to enhance their spend analysis offering with SpendConsultant.com. Following a successful launch year, the industry-recognized strategic sourcing services firm has added even more features and functions to make SpendConsultant.com the platform of choice for rapid, low-cost, and actionable spend analysis.

SpendConsultant.com leverages the strategic sourcing experience and market intelligence gained over Source One's decades as a procurement services provider in a powerful data visualization tool. Unlike traditional approaches to spend analysis, SpendConsultant.com provides an interactive solution for companies to identify cost reduction opportunities and drive supply value - allowing them to drill into their spend data and target spend categories for strategic sourcing.

One notable addition to SpendConsultant's arsenal is the Opportunity Assessment Calculator (OAC), which allows SpendConsultant.com users to predict the success of a sourcing initiative.

Source One's Vice President of Operations William Dorn explains, "Users of the spend analysis as a service platform will be able to identify sourcing initiatives in waves - equipping them with the ability to develop a roadmap of strategic sourcing and cost reduction projects in both the short- and long-term."

SpendConsultant.com has also added spend data visualization features to expand the way users of the spend analysis tool can interact with comparative data sets, such as year-over-year spend changes on a category, sub-category or supplier level.

Most importantly, Dorn shares, "The spend analysis tool will retain the user-friendly interface that differentiates it from other needlessly complex spend analysis software. Our goal remains the same: provide procurement professionals with simple yet effective tools designed by procurement professionals."

More new features are still to come. SpendConsultant.com is constantly improving and making it easier and easier for procurement teams to cleanse data, assess purchasing histories, aggregate suppliers, classify spend, and create actionable strategic sourcing roadmaps for sustainable savings.

Updates are also on the way for Source One's proprietary eSourcing platform: WhyAbe.com. Like SpendConsultant.com, the platform was designed to reduce complexities in the strategic sourcing process. Its simple interface and user-friendly features have helped countless teams conduct RFX events over the last decade. With more robust contract management tools, a streamlined appearance, and new subscription-based model for Procurement teams, the lowest-cost, lowest-risk eSourcing tool of its kind is anticipated to relaunch early 2018.

About Source One

Source One Management Services, LLC is a consulting firm focused on spend management solutions. Since 1992, Source One has provided best practices, market intelligence, and subject matter expertise to deliver budget optimization. Source One provides an extensive portfolio of procurement services including Spend Analysis, Benchmarking, Supplier Relationship Management, and Procurement Transformation. SpendConsultant.com is the latest addition to Source One's innovative supply management offering, providing procurement professionals a low-cost spend analysis tool. For more information on Source One's Spend Analysis as a service, visit us online at: http://www.sourceoneinc.com/consulting-tools/consulting-services/spend-analysis-services/

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