SPEND
ASSESSMENTS
Get full transparency on your company's spend with actionable insights and recommendations.
Knowing and understanding your company’s spend is the starting point for making data-driven procurement decisions.
Our experts will work collaboratively with you to gather and analyze your spend and provide actionable insights and recommendations. The results of this analysis can be used immediately to drive meaningful, measurable, and quick change within your procurement processes and organization.
Our Deliverables to You
Holistic View of Your Company’s Spend
Delivered as an Executive Dashboard.
Customizable to your specific business.
One-time or ongoing management.
Actionable Insights & Recommendations
Delivered as a presentation to your key stakeholders.
Recommendations to be tailored to your specific business objectives on one or more of the following categories:
Cost Savings
Supplier Management
Strategic Decision-Making
Risk Management
Contract Management
Category Management
Supplier Diversity
Forecasting and Budgeting
Process Efficiency
Performance Metrics
Audit & Compliance
Supplier Collaboration
Our Process
Data Collection and Cleansing
Collect and consolidate spend data from various source systems (i.e., ERP, e-Procurement, PO, T&E, P-Card, Contract Management).
Cleanse the data to eliminate errors and supplier duplication.
Classification and Categorization
Classify spend using industry- standard taxonomies, such as UNSPSC, or will create a customized taxonomy based on your specific requirements.
Analysis and Benchmarking
Uncover trends, patterns, and anomalies.
Identify areas of inefficiency, supplier redundancies, cost-saving opportunities, and potential risks.
Benchmark your data against industry standards and best practices.
Actionable Insights and Recommendations
Supplier consolidation.
Renegotiation of contracts.
RFP opportunities (sourcing wave plan).
“Quick wins” versus longer term opportunities.
Risks and Mitigation.
Spend Analytics Dashboard and Reporting
Ongoing management of spend through dashboard.
Real time or near real time to ensure you stay updated on procurement performance and can share insights with key stakeholders.
Executive Summary
Depending on your business objectives and data sources, we will tailor your dashboard to your specific needs.
Example Executive Summary
Typical Data Points
Total Spend
Total # of Suppliers
Suppliers ranked in order of total spend
Cumulative % of supplier of total spend
Spend by: Category, Geography, GL, Business Unit, entity
A,B,C Classification
Drill-down on Category, Geography, GL, Business Unit.
Spend under Management vs. Rogue Spend
