Spend Assessments

Actionable Roadmap to Savings Acceleration

Spend Assessments are the ideal starting point for any organization looking to achieve their savings objectives.  Assessments provide executives with an actionable roadmap for cost savings and procurement optimization in four weeks or less.

Our Spend Assessments Approach

Our spend assessment process begins with spend visibility. We collect and consolidate data from all relevant systems and categorize it to create a procurement-focused spend database. We then conduct a series of interviews and contract reviews to learn more about historical procurement practices of your organization. Finally, we develop a detailed execution plan that includes prioritized sourcing targets, realistic savings goals, and specific plans to achieve them.

Spend
Analysis

Collect Spend Data

Normalize Vendors

Map Influence

This image shows a client spend analysis dashboard which is step one in the Spend Assessment process.
Sourcing Opportunity Assessment

Conduct Interviews

Review Contracts & Invoices

Develop Category Profiles

This image is a bubble chart, showing where the immediate savings opportunity is during a Spend Assessment.
Procurement Maturity Assessment

Conduct Current State Workshops

Benchmark Procurement Maturity

Determine Future State Vision

Procurement
Roadmap

Prioritize Categories

Develop Sourcing Wave Plan

Build Execution Plan

Spend Assessments 101

An Executive’s Guide to Developing a Savings Acceleration Roadmap.

Spend Assessment Success Stories

The following is a collection of client success stories showing the Value Identified by our Spend Assessment process, and the Value Delivered in the follow-on Strategic Sourcing and Procurement Transformation work these clients engaged our firm for.

Client

Value Identified via Assessment

Value Delivered

$5B Global Apparel Company
Footwear, Sports, and Casual Apparel

Fortune 500 CPG Company
Branded & Private Label Food Products

$3B Building Products Manufacturer
OSB, Siding, & Engineered Wood Products

$3B Global Apparel Company
Athletic Wear & Lifestyle Clothing

$700M Furniture Retailer
Furniture & Bedding Products

$40 million
in Savings Opportunity

$27 million
in Savings Opportunity

$28 million
in Savings Opportunity

$36 million
in Savings Opportunity

$21 million
in Savings Opportunity

  • $15 million savings captured in Wave 1
  • Implemented technologies and processes to track / sustain savings
  • $13 million savings captured in Wave 1
  • Transformed Procurement function through redesign, recruiting, and training
  • $13 million savings captured in Wave 1
  • Transformed Procurement through redesign, recruiting, and training
  • $7 million savings captured in Wave 1
  • Established processes and reporting to track savings to P&L

Ready to Cut Costs But Don’t Know Where to Begin?