What is Global Spend Analysis in SAP SRM-BW - SRM Analytics?

SAP Term: Global Spend Analysis

• Component: SRM-BW

• Component Name: SRM Analytics

• Description: An evaluation application that becomes available when you connect SAP Business Information Warehouse SAP BW to mySAP Supplier Relationship ManagementmySAP SRM. Global Spend Analysis allows enterprises to analyze the purchase order and invoice values of their procurement operations across systems and organizations. You canalso analyze non-harmonized master data using the master data matchup. The SAP system group can be structured as a point-to-point solution or a hub-based solution. In point-to-point solutions, the individual purchasing systems are connected to BW directly whereas in hub-based solutions, they are connected indirectly via the SAP Exchange Infrastructure SAP XI.

Smart SAP Assistant

• Key Concepts: 
  Global Spend Analysis is a component of SAP SRM-BW SRM Analytics. It is a tool that helps organizations analyze their global spending data to identify cost savings opportunities and improve their procurement processes. It provides insights into the total cost of ownership, supplier performance, and compliance with corporate policies. 
  
  How to use it: 
  Global Spend Analysis can be used to analyze spending data from multiple sources, including ERP systems, supplier contracts, and other external sources. It provides a comprehensive view of global spending and allows users to drill down into specific areas of spend. The tool also provides analytics capabilities such as trend analysis, benchmarking, and predictive analytics. 
  
  Tips & Tricks: 
  When using Global Spend Analysis, it is important to ensure that the data being analyzed is accurate and up-to-date. Additionally, it is important to ensure that the data is properly categorized so that meaningful insights can be drawn from the analysis. 
  
  Related Information: 
  For more information on Global Spend Analysis, please refer to the SAP Help Portal or contact your local SAP representative. Additionally, there are several third-party vendors that offer consulting services related to Global Spend Analysis.