Spend Management Advisory
Services
Spend Management Advisory
Organizations typically spend anywhere from 20% to 40% of their revenues on their outsourced supplies, depending upon the industries. The purchasing team has a direct role to play in leveraging spend across broad categories like Raw material, Packaging, Maintenance Repair & Operations (MRO), Logistics, Admin, IT, Marketing. We have the expertise in managing spend across industries. Following are the primary areas we serve-
Spend data analytics
Businesses must have deep visibility of spending patterns to achieve cost leadership. Our spend analysis insights help our clients scrutinize category stratification, sourcing attractiveness-risks, evaluate sourcing process, scrutinize sourcing terms & negotiation strategy, and devise a strategic purchase road map for long-term stability at the optimum cost levels.
Strategic Purchase
Material/Service acquisition from suppliers at the right price, right time, and the right quantity is essential for organizations to ensure the in-house processes, and the outbound flow is optimized. We help organizations achieve cost competitiveness and profitability.
Contracts management
Contracts could make or break the purchase success of organizations. It’s critical to have the right contract type based on your industry, freezing price-elements for short/ mid/ long-term, contract renewal mechanism, and exit strategy. We help our clients to maximize the utilization & effectiveness of contracts.
