Capital Compass Podcast
Capital Spend Analytics: Data that deliver smarter procurement decisions
Whether you're navigating decentralized purchasing, benchmarking spend, or trying to align capital budget system wide, the Capital Spend Analytics tool was built to transform how your organization approaches capital planning. Mike Kolp, associate principal from Vizient's Capital Equipment Solutions team joins host Susan Edwards to share how health systems are using Capital Spend Analytics to unlock smarter, faster and more strategic decisions.
Guests:
Mike Kolp
Associate Principal, Vizient Capital Equipment Solutions
Vizient
Moderator:
Susan Edwards
Marketing Communications Manager
Show Notes:
[01:09 – 02:04] The why behind Capital Spin Insights
[02:05 – 03:15] Industry overarching trends needing solutions for capital provurement
[03:16 – 03:59] How capital spend analytics tool changes visibility traditionally exposed in the capital procurement process
[04:00 – 05:11] How Capital Spend Analytics make the quote review process better
[05:12 – 07:37] Comparing Capital Spend Analytics to what's available in the marketplace from other competitors
[07:38 – 10:22] How Capital Spend Analytics works alongside or in tandem with the other Vizient data solutions
[10:45 – 11:36] How full fledged subscribers are they using the tool most effectively in their organizations today
[11:37 – 13:00] Common types of projects that got clients interested in using this tool
[13:01 – 17:09] The tool’s GPO compliance component and the pull through of budget alignments
[17:10 – 19:03] New improvements and enhancements for the solution
[19:04 – 20:41] Comparing Capital Spend Analytics to key Competitors
[20:42 – 23:25] Key Takaways
[23:26 – 24:19] Next steps for people interested in the tool
[24:20 – 25:08] Mike will be talking about the tool at the Vizient Summit
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