Making Spend Analysis Come Alive

By Torbjörn Thorsen, IBX Group AB

Most of us will agree that spend analysis and spend statistics are the fundamentals of any purchasing function. Yet we’re still dumbfounded when it comes to taking these statistics (if we even have them) and transforming them into something that’s communicable. We’ve touched upon this subject on numerous occasions and it’s a subject that has been written about on a number of blogs and publications.

Hans Rosling Presenting At TED

Most of the authors have focused on one key issue – making sure that purchasing is speaking a language that is understood by the c-level decision makers. I’d like to offer another piece of advice by sharing this fantastic Hans Rosling presentation (filmed for TED in February 2006). Hans Rosling is a professor of global health at Sweden’s Karolinska Institutet, focuses on dispelling common myths about the so-called developing world. In this presentation he presents statistics in a way I’ve never seen before using a piece of software called Gapminder (subsequently purchased by Google in March 2007 and now called iGoogle Motion Chart).

I can just imagine the results of a spend analysis run through this type of motion chart software – it can definitely explain story behind even the BASS:est spreadsheet hell.

One Response to “Making Spend Analysis Come Alive”

  1. What to do with your vast amount of (supplier) data « Purchasing Transformation Says:

    [...] By Torbjörn Thorsen, IBX Group AB I know that I’ve mentioned the brilliance of Hans Rosling before but he recently stepped into the limelight again as he made Foreign Policy Magazines  100 Top [...]

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