Anna can help procurement teams identify cost savings, optimise pricing and support supplier negotiation and vendor management. You can read more here on our website.

This article will cover:

  • Example insights from this use case
  • Recommended data structure for this use case

What sort of insights can Anna help me uncover?

We've outlined some example questions which Anna can help answer through a combination of her proactive insights, Search, and What caused this? analysis:

Identify cost savings

  • Spend by site location
  • Unit price trend for Product last financial year
  • Spend with non-preferred vendors last quarter
  • Spend by contract manager

Optimise pricing

  • Unit price trend by Product Category
  • Unit price trend by Product by Vendor
  • Unit price variance for a particular product
  • Spend by vendor

Support supplier negotiation & vendor management

  • Expired contracts by contract manager
  • Spend by contract status this financial year
  • Spend with preferred vendors last financial year

How do I structure my data?

  • Anna requires structured, transactional data, with at least 1 measure (e.g. Spend) and 5 segments (e.g. product names). In addition, we recommend at least 7 months of data (at monthly or daily granularity) so you can take full advantage of Anna's Unexpected Changes feature.
  • Anna can connect to databases and .csv files. 

Example data structure

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Please refer to this article for more information about data structure.

Segments

Here are some of the typical segments we find in revenue data. A segment is a qualitative value, like names or categories:

  • Vendor attributes: Vendor name, vendor status, vendor category, etc.
  • Product attributes: Product description, product sub-description, material description, etc. 
  • Company attributes: Site/office location, project name, project description, entity, etc.
  • Other attributes: contract manager, contract status, ordering department, orderer name etc.

Measures

A measure is a quantitative, numeric value. Some of the typical measures include spend, quantity purchased, unit price, etc.

Related material
Revenue performance use case
What type of data can be used in Anna?
Options for ingesting data into Anna
Quick guide to Anna

If you have any questions, please contact us at support@hyperanna.com. 

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