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Procurement Services experts
Supplier Cost Savings Analysis
Identify cost savings through a supplier savings analysis.
If your seeking insight into what supplier cost reductions are available within your organisation, a Cost Savings Analysis on supplier spend is a quick, effective process.
Conducting a cost savings analysis provides line of sight as to the number of potential projects & quantum of available savings on supplier expenses, allowing decision makers to determine which projects to prioritise & expected project delivery timeframes.
With over 25 years of experience leading procurement teams plus having performed hundreds of sourcing projects, Spend Solutions has industry benchmarks to identify savings opportunities that others can’t. This results in greater cost savings opportunities & quicker project delivery.
How it works
Identify supplier cost savings quickly & effectively
Our supplier cost savings analysis process takes a 4-way cut of your data to ensure every possible savings opportunity is identified-
- Categorise spend to understand spend & suppliers across each spend area.
- Conduct a price analysis against industry benchmarks
- Review current sourcing practices
- Assess how products/services are consumed internally.
Using years of procurement experience & access to millions of data points, Spend Solutions can quickly identify & quantify real tangible expense savings opportunities.
Each savings opportunity is contained in an easy to read report that clearly outlines details for each project, including proposed strategy, cost savings opportunity, risk rating & expected timeframe.
Benefits to you
A cost savings analysis is a crucial first step to developing a savings roadmap that optimises your supplier base. Key benefits from conducting the process include-
- Identify the total ‘size of the prize’ cost savings available from your supplier base.
- Develop a supplier cost savings roadmap based on prioritising projects of greatest benefit.
- Identify opportunities for immediate expense savings through direct negotiations with incumbent suppliers.
- Identify the true cost savings opportunity in each spend area.
- Identify opportunities to improve processes for managing supplier contracts, optimising transactions with suppliers & improving supplier performance.
Case studies & examples
savings analysis case study- aged care
savings analysis case study- manufacturing
savings analysis case study- manufacturing
This case study from an aged care industry client demonstrates the value of conducting a supplier savings analysis
savings analysis case study- manufacturing
savings analysis case study- manufacturing
savings analysis case study- manufacturing
Find out how Spend Solutions helps a manufacturing identify over $2.8m cost savings through a supplier saving analysis
savings analysis case study - Automotive
savings analysis case study- manufacturing
savings analysis case study - Automotive
Find out how Spend Solutions helped a multi-brand automotive dealership group identify over $2m of supplier savings through a supplier savings analysis