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Services  >  Sourcing Services Education Support Change Management Spend Analysis
 
     
 

Spend Analysis

 

Spend Analysis has been identified by Aberdeen Research as a fundamental component of eSourcing and essential support for procurement teams to achieve fully informed decision-making.

 
Spend Analysis collates corporate procurement data and analyses values and volumes of transactions.
 
 
Key benefits of Spend Analysis include:
 
Highlight range of product categories and procured services
Provide overview of supply base
Identify supply processes to support change management programmes
Develop procurement strategies, policies and systems
Illustrate procurement pipeline potential through software
Demonstrate importance of data classification - suppliers, products, services, budgets
Identify candidates for prioritisation and quick wins (supplies, product categories)
Create realistic estimates of process and direct cost saving opportunities
 
 
Potential savings typically emerge from:
 
Identifying opportunities to combine spend and negotiate improved contracts
Identifying and eliminating non-compliance or unauthorised spend
Improving procurement operations and supplier performance
 
 
Curtis Fitch will deliver Spend Analysis in two stages
 

Stage One - Benchmark your procurement data against our supply database

 
This involves reviewing individual data. Each category of spend is reviewed against real savings achieved by our clients.
 
Our database holds results from 4,000+ sourcing events, in 400+ categories, typically conducted for FTSE 100 and 250 companies.
 
Our report then summarises and analyses:
 
Annual expenditure by supplier
Annual expenditure by category
Invoice review by category and by supplier against industry benchmarks
Supplier review by category industry benchmarks
Category savings potential
 
We identify opportunities to maximise savings across the full spectrum of your spend.
 
 

Stage Two - Validate your procurement data and assess categories to be influenced.

 
Curtis Fitch Consultants meet the relevant stakeholders within your business. Key target spend areas are identified in advance and one -to -one interviews are conducted to validate these areas and current contract status.
 
The outcome is a comprehensive assessment matrix showing the extent and level of influence for each spend category.
 
Your original data is re-formatted to show the areas of potential renegotiation and re-calculated to show the potential savings deliverable.
 
Curtis Fitch helps you to build a clearer spend control and a savings-focused culture.
 

 

 
 

 

 
Identify processes to support change management programmes
Develop procurement strategies
Illustrate procurement pipeline potential through software
Identify quick wins
 
Identifying opportunities to combine spend and negotiate improved contracts
Identifying and eliminating non-compliance or unauthorised spend
Improving procurement operations and supplier performance
 
             
             
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