Factors Behind the Spend Increase in Construction Analysis
Analyzing the factors driving the increase in spend by $263,929, including significant rises in Concrete products, Cleveland site location, and contracts with Boral - Construction Materials. Recommendations for optimizing procurement processes and evaluating contracts for potential savings.
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Presentation Transcript
Your logo here Challenge 397 Solution Presented by Shelbey Burrows 1
Factors Behind the Spend Increase Increase in spend by $263,929 Significant increases in Concrete products, Cleveland site location, Boral - Construction Materials contract, Quality Construction entity Recommendation: Review the procurement process of Concrete products and evaluate contracts with Boral - Construction Materials for potential savings Source: Alteryx Auto Insights 2
Product Comparison - Spend Increase Construction Materials saw the largest increase Decrease in Construction Support Materials and Finishes Recommendation: Shift focus to more profitable products such as Construction Materials and review the demand for Construction Support Materials and Finishes Source: Alteryx Auto Insights 3
Project Greenwood Spend Analysis Above-average spend on Construction Materials 63.96% of Spend are from 10% of Product Description Recommendation: Review Project Greenwood's spend pattern to identify inefficiencies Source: Alteryx Auto Insights 4
Spend vs Number of Contracts Increase in spend despite decrease in number of contracts For every 1 increase in Number of Contract Id, Spend increased by $117,517 Recommendation: Review contract management processes for potential inefficiencies Source: Alteryx Auto Insights 5
Contract Name Comparison - Spend Increase Boral - Construction Materials contract saw the largest increase Decrease in Precast Framework Solutions - Construction Materials contract Recommendation: Evaluate contracts with Boral and Precast Framework Solutions to understand the factors driving changes in spend Source: Alteryx Auto Insights 6
Orderer Name Comparison - Spend Increase Andrea Forth saw the largest increase in spend Decrease in spend by Oliver Pope and Alexander Ballard Recommendation: Investigate the procurement activities of Andrea Forth, Oliver Pope, and Alexander Ballard for potential irregularities Source: Alteryx Auto Insights 7
Contract Manager Comparison - Spend Increase Kimberly Stevens saw the largest increase in spend Decrease in spend by Maxwell Dillon Recommendation: Review the contract management practices of Kimberly Stevens and Maxwell Dillon to identify potential cost- saving opportunities Source: Alteryx Auto Insights 8
Site Location Comparison - Spend Increase Fast rise in spend at Cleveland and New York locations Decrease in spend at the Chicago location Recommendation: Investigate operations at Cleveland, New York, and Chicago locations to understand the factors driving changes in spend Source: Alteryx Auto Insights 9
Entity Comparison - Spend Increase Quality Construction saw a fast rise in spend Decrease in spend by Foundation Engineering & Construction Recommendation: Review operations of Quality Construction and Foundation Engineering & Construction to understand the factors driving changes in spend Source: Alteryx Auto Insights 10
Product Sub Description Comparison - Spend Increase Concrete products saw the largest increase in spend Decrease in spend on Support structures Recommendation: Review procurement of Concrete products and Support structures to identify potential areas for cost savings Source: Alteryx Auto Insights 11
