Generate and Leverage Spend and Supply Chain Intelligence
To drive your Sourcing Decisons in order to achieve
Return - On - Investment on your Procurement Budget
Spend Management
We are the strategic procurement and financial consulting unit of Hyve Management Systems. We leverage the synergy from procurement, data analytics and finance to deliver sustainable business solutions to clients who seek to reduce cost, eliminate waste and improve their bottom-line.
Spend analysis is the turn-key in all our strategic sourcing projects. At Hyve Management Systems, we drive and optimize your procurement process with actionable spend intelligence to identify opportunities for cost savings. Our team dives into your financial and procurement data dump or history to identify and assess a trend that will inform better strategy formulation and implementation in the sourcing project.
Therefore, we conduct a 360-degree comprehensive analysis throughout the organization and supply chain to provide the necessary insights.
TALENT MANAGEMENT
Consolidating the Human Capital Base for the Procurement and Supply Chain
We provide quality training and recruitment services of high performing procurement professionals across various industries. We monitor and evaluate current procurement and supply chain practices across various industries to identify best practices in order to enrich the human resource base of our clients to deliver in this current dynamic business environment.
Whether you like it or not, procurement and sourcing officers directly affect the cash reserves of an enterprise and as such there is the need to provide the right tools to the right officers to enable them to deliver. They convert company’s cash into goods, works and services by buying on behalf of an enterprise, which means any decision from the department can break or make an enterprise. However, currently, emerging procurement practices solidly places emphasis on BIG DATA which intelligently manages and hedges the spending decisions of an enterprise.
Our courses are tailored for those who are part of the spend decision makers of an enterprise, especially in procurement and finance and for those who want to be competitive on their job and also enhance their employment opportunities.
Incline with Our Services
ANALYZE, UNDERSTAND and MANAGE Your ENTERPRISE SPENDING with HYVE SPEND ANALYTICS™.
Global economic trends and phenomenon has exerted considerable pressure on businesses to ensure that Enterprises are sustainable and profitable in order to survive. The situation is not different for procurement professionals to deliver on their key performance indicators like cost savings, spend under management, compliance, improved performances and efficiency.
Hyve Management Systems provides Spend Optimum Solutions, Spend and Supply chain management, Consulting services and Training & Recruitment services for Government institutions, corporate entities, and NGO’s, procurement and non-procurement professionals.
Spend Optimum Solutions
It is a spend management package that comprises a suite of solutions that will enable our clients to deliver on tangible procurement performances. It offers our cherished clients a continuum of procurement solutions to choose from in order to meet their needs.
Spend Analysis Process
- Identify objectives: reduce cost, rationalize supplier base, eliminate waste etc.
- Identify spend data sources: base on the above objectives, the data sources are identified
- Consolidate data: we conduct mapping of spend data from the identified data sources
- Clean data: eliminate duplicates, normalize data, correct spellings
- Categorize the spend data: group common items
- Analyze: identify and apply suitable processes and tools
- Rince, re-assess & repeat: iterate the processes overtime
Our Analytics Answers the following
- Product: which 20% of items accounts for 80% of your spending
- Prices: what are the price trends of the 20% of the items identified
- Quantities: how much do we buy for each of the 20% of items
- Suppliers: with the 20% of items identified, which suppliers are we buying from
Tools that We Deploy
Our creativity is driven by data and information technology, which are the tools of our trade. We use analytics and science to determine the multi-dimensional challenges of your business to prescribe a sustainable solution package for your procurement and supply chain management.
A Comprehensive Buyers' And Suppliers' Market
A web portal created to provide critical supply market intelligence to drive procurement decisions. It offers suit of application sourcing tools that creates a platform for both buyers and suppliers to transfer and exchange information on goods and services. It provides a friendly and harmonious platform for buyers to engage in sourcing activities and for suppliers to identify and respond to business opportunities.
