NDLI: Managing Procurement Spend Using Advanced Compliance Analytics

Content Provider	IEEE Xplore Digital Library
Author	Chowdhary, P. Ettl, M. Dhurandhar, A. Ghosh, S. Maniachari, G. Graves, B. Schaefer, B. Yu Tang
Copyright Year	2011
Abstract	Often the processes for purchasing commodities and services within a business enterprise are centralized into a procurement organization. These purchases are often sourced from one or more suppliers, or vendors, based on contract terms and conditions (such as price, payment terms etc.), availability, and quality or legacy habit of purchasing service with known vendors. We have found that many organizations lack appropriate processes and disciplines to drive demand to preferred suppliers. Thus these enterprises are unable to leverage the value of the pre-negotiated contracts due to lack of process education, approval process steps or appropriate purchasing tools that could result in significant amounts of spending that would be considered not compliant (not being sourced through preferred suppliers). Depending upon the size of the organization, such transactions range from several million dollars to billions of dollars. Manually sifting or employing typical query tools to review large amounts of spend transaction data with multiple attributes to identify the level of non compliant spend and identify areas to take action is a daunting task. In this paper, we discuss a software solution for spend compliance analytics that includes measurements of cost savings due to increased compliance and identification of areas where spend tends to be non compliant. We have developed a web enabled advanced analytical solution called Compliance Analytics Tool (CAT) that embeds a two phase methodology for compliance management. In the first phase, we use advanced data mining techniques to segment a large amount of historical spend transactions to quickly identify promising areas of improvement, exploiting a multitude of purchasing attributes such as business unit, procurement category, suppliers, etc. The second phase employs portfolio optimization techniques to further focus on specific segments that provide maximum benefit based on desired compliance targets or available budget. We also discuss the solution architecture that integrates business analytics along with business intelligence tools, dashboards, and data warehousing.
Starting Page	139
Ending Page	144
File Size	678706
Page Count	6
File Format	PDF
ISBN	9781457714047
DOI	10.1109/ICEBE.2011.57
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2011-10-19
Publisher Place	China
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Procurement Spend Analysis SPSS Modeler Investments Companies CPLEX Data Mining Compliance Analytics Optimization Engines
Content Type	Text
Resource Type	Article

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

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