Understanding of your unique needs and current procurement strategies to define a vision for future savings and optimization opportunities.
2. Spend analysis
Categorize total spend as either strategic or transactional and rank according to internal impact to the organization. Compare to competitiveness in the supplier marketplace. Create roadmap for program implementation.
3. Select spend categories
Determination of categories to review first and categories to delay until market and/or internal conditions are more favorable.
4. Spend assessment
Thorough spend review by vendor within each category on a unit level basis to map out spend buckets and identify optimization and savings opportunities; will be used to prepare a project plan and roadmap.