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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.
Our supplier cost savings analysis process takes a 4-way cut of your data to ensure every possible savings opportunity is identified-
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.
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-
This case study from an aged care industry client demonstrates the value of conducting a supplier savings analysis
Find out how Spend Solutions helps a manufacturing identify over $2.8m cost savings through a supplier saving analysis
Spend categorisation is the first step towards developing a supplier savings plan.