Spend Assessment

Spend Assessment

EMPTUM SOLUTIONS CONSULTING
Assessment, strategy design, process improvement

What is spend analysis?

Spend analysis is a key step within Strategic Sourcing Process, data is gathered, cleansed, grouped, categorized and analyzed. The main objective of this is to map all spend to identify opportunities of cost savings and efficiency improvement by increasing visibility and transparency.

This is a vital first step towards controlling the whole procurement process and creating your holistic procurement plan.

This service determines:

Where is your money being spent?

What are potential further cost optimization opportunities?

Our steps

We can make procurement best practices to optimize overall costs, with minimal disruption and fast process time. We connect and enhance data to unlock new savings opportunities and follow your performance regularly.

Gathering data related to procurement and sales, conducting brief interviews with procurement team and main stakeholders to understand challenges and potential improvement.
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Analyzing your spend and supplier base to better understand your database and business.
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Validation of classification and facts with key stakeholders to ensure complete accuracy.
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We will provide an assessment of your current position along with future cost optimization opportunities.

Let's get to work together

Feel free to reach out and contact us for more information on what you can expect. Talk with an expert!