Spend Analysis and Opportunity Identification

We help our clients cut millions of dollars of recurring annual costs. Rigorous spend analysis is a requirement and building block to achieve these results though targeted procurement and cost leadership initiatives. Spend analysis organizes procurement information in order to identify and increase the magnitude of cost reduction opportunities, prioritize sourcing projects, and monitor initiatives to ensure compliance and measure results. We use a thorough and consistent methodology for identifying spend across categories that hold the greatest potential to reduce costs permanently .Methodology information here.

1. Spend Analysis Provides a Total Picture of Company Spend

2. Analysis Leads to Opportunities

3. Significant Savings and ROI Result

Spend Trees







Deep Dives

Raw Data







Analysis

  • Rationalize Suppliers
  • Aggregate Demand
  • Reduce Maverick Spend
  • Push Spend to High Performance Suppliers
  • Improve Contract Compliance
  • Examine Payment Terms
  • Streamline Invoice Processing
  • Examine Unit Prices

Category

Subcategory

Savings

Telecom
Data & Voice
44%
IT Software
Enterprise Systems
35%
Financial
Credit Services
20%
MRO
Lubes & Greases
18%
Chemicals
Sodium Bromide
12%
Utilities
Natural Gas
11%
Shipping
Full Truckload/LTL
9%
HR
Benefits
8%
IT Hardware
Servers
7%
Facilities
Rent & Lease
5%
Shipping
Ocean Freight
3%
Raw Materials
Steel Bar
2%

Cost Leadership consulting projects are a core client service of Prestige Economics. For questions about consulting projects, please email us at consulting@prestigeeconomics.com.

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