BI Vision on Unleashed offers powerful tools for analyzing supplier spend and performance. This article outlines how to view supplier spend in relevant currencies and identify top-performing suppliers using BI Vision’s Purchase analytics.
Viewing Supplier spend in currencies
BI Vision displays results exclusively in your account's base currency. If you need to analyze data in the supplier's purchase currency or another transactional currency:
Export the data from BI Vision and use external tools, such as spreadsheet software, to convert amounts into the desired currency value after export.
Alternatively, run a Purchase Enquiry, where transactional currencies can be displayed, and perform necessary conversions externally.
Identifying Top Suppliers by Completed PO Value
To evaluate supplier performance based on completed Purchase Order (PO) value and analyze their contributions in detail, follow these steps:
From the main menu, navigate to Business Intelligence > Purchases > Vision.
Utilize the date selector at the top-right corner of the screen to filter data by your desired time range.
Select the "Completed PO Value" KPI.
Scroll to the "Supplier ranked by Completed PO Value" dimension to see the top-performing suppliers by their completed order value.
Click on a supplier in the dimension chart to drill down further into their specific statistics and review underlying details.
Advanced Analysis: Linking Supplier Revenue and Stock
To identify suppliers whose products significantly impact revenue:
First, use the BI Vision > Sales module to determine which products generate the highest revenue.
Switch to the BI Vision > Purchase module and filter data by these identified products to check which suppliers provided the most stock.
By combining insights from both the Purchase and Sales modules, you can optimize supplier relationships and inventory management more effectively.