Identifying and targeting savings that increase profitability

Procura’s Spend Analysis & Opportunity Assessment will identify, evaluate and quantify opportunities for savings and procurement performance improvement so that you know exactly where you can reduce costs and by how much.

This is an essential tool for optimising the effectiveness of any cost improvement programme, providing the in-depth insights required to prioritise opportunities for procurement savings as well as a plan for their delivery.

We review each category of spend to create an accurate picture of the current situation, quantifying potential savings and how easily they can be achieved in order to develop a prioritised delivery plan.

The output is a business case, savings delivery plan and long-term procurement roadmap.

  • Comprehensive spend analysis utilising ProIntell spend analysis platform
  • Detailed category-by-category assessment; specs, frameworks, suppliers, volumes & prices
  • Benchmarking of spend against best-in-class
  • Identification and prioritisation of quantified savings opportunities
  • Evaluation of current procurement performance
  • Development of an actionable implementation plan
  • Recommendations for sustainable improvements

Step 1: Collating, categorising and analysing your spend data

We collate all available sources of spend data and then undertake a process of cleansing, consolidation and supply-market categorisation to provide complete transparency of spend.

Your data is uploaded into our spend analytics platform, ProIntell, to provide visualisation, analytics and insight.

Step 2: Understanding the commercial context

We take a structured category-by-category approach, talking to both procurement people and business stakeholders, to gain a deep understanding of your procurement profile, examining product specifications, order volumes and prices, along with suppliers and existing framework agreements, invoice and purchase order information.

Strategy Chart

Step 3: Assessing procurement capability

We understand your current level of procurement capability, whether it is undertaken in the business or by a dedicated procurement function, specifically around areas such as the way your buying processes are structured and how they work, the technology that’s used, and the responsibilities of those who are involved.

These insights allow us to assess how to best deliver the identified savings and provide recommendations on where to focus for improvement.

Step 4: Report back: The blueprint for your journey to sustainable savings

We’ll evaluate key spend areas to prioritise cost reduction opportunities by value and ease of implementation. After defining the implementation levers, as well as barriers and restrictions, these priority projects will be incorporated into a strategic plan that includes resource estimates and recommendations for organisational and process improvements to support long-term, sustainable savings.

Strategy chart performance

The deliverable is a comprehensive report and executive presentation.

Contact Us

We build long-term partnerships with our clients that deliver ongoing cost reduction and continuous improvement in procurement that drive value to the bottom line. If you would like to know more about how that works for your business then please get in touch: