Webinar Recording: Data & Spend Transparency in Mid-Market Procurement - Success Factors and Practical Examples with SED

For industrial mid-market companies, it is currently particularly important to optimize their procurement processes. By doing so, they can achieve competitive advantages and reduce costs. Are you wondering how to best uncover weaknesses in your procurement?

Spend transparency is the foundation of strategic procurement. Without visibility into where money is being spent, how suppliers are performing, and where inefficiencies exist, procurement organizations operate reactively rather than strategically. SED, a mid-market industrial company, recognized this and implemented a comprehensive spend analysis and transparency initiative with Tacto.

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Building the Foundation: Spend Analysis

SED's procurement team started by consolidating spending data from multiple sources—ERP systems, invoices, and supplier databases—into a centralized analytics platform. This exercise alone revealed significant insights: duplicate supplier relationships, maverick buying outside approved vendor lists, and inconsistent pricing for identical materials across departments.

Armed with this data, SED's procurement leadership could make informed strategic decisions: consolidating suppliers, negotiating volume discounts, and establishing category management strategies. The result was a 12% reduction in total procurement spend within the first year, with improved supplier relationships and supply chain resilience.

In our webinar "Data & Spend Transparency in Mid-Market Procurement: Success Factors and Practical Examples with SED," we discuss with Patrick Leyhr, Head of Operations Procurement at SED, how you can use data analysis and transparency to uncover weaknesses in your procurement. Subsequently, you can take targeted measures to make your procurement processes more efficient.