Initial Situation
Procurement leaders don't know where savings opportunities are, vendor fragmentation leads to poor terms, category structures are not optimized, no systematic approach to identifying savings
Your Solution with simple system
- Automatic spending analysis by category, vendor and cost center
- Identification of outliers and anomalies
- Reveal volume bundling potentials
- View process benchmarks and optimizations
- Create scenario planning for savings initiatives
Result: Average 18% savings potential identified. Savings initiatives implemented 60% faster.
Your Benefit
- Time savings: 60% faster savings initiatives
- EBIT impact: Identifies avg. 18% savings potential on procurement volume