An advanced analysis of historic spend data is the backbone of any strategic sourcing solution.
Based on the project definition, CRP executes an audit and opportunity assessment in order to identify the savings opportunities. During this audit, our experts use their category expertise and knowledge from previous experiences to interprete all gathered data. This enables our experts to quickly prioritize screened opportunities into waves - based on the following input:
Based on all collected data, additional information and expertise, our experts can quickly identify potential opportunities.
Our business intelligence tools allow us to handle large data sets and to quickly translate (cleanse) them into powerful information. After this, the data is consolidated and validated by internal stakeholders. During this validation process, our experts list all important qualitative parameters that might influence the impact on the Cost Reduction Program.
QUANTITATIVE AND QUALITATIVE ANALYSIS
Each succesful strategic sourcing program begins with a profound and comprehensive spend analysis.
In order to perform a best-in-class sourcing project, all cross-divisional and cross-country data is collected.
Prior to reporting this Spend Analysis, the data is collected from various IT source systems, cleansed, validated and classified (NAISC, UNSPSC).
DATA COLLECTION & SPEND ANALYSIS
CRP checks the presence of a contract and executes a detailed analyses of the agreements: validity, pricing, SLA’s, payment terms, etc.