Elevating Spend Management
our clients achieve significant improvement in spend management & bottom-line value.
In most cases, these results have been achieved as a result comprehensive procurement transformation efforts.
Some of our recent client results include:
Average increase in spend under management
Average reduction in maverick spending
ABOUT SPEND MANAGEMENT
Spend management is the tried and true practice of comprehensively managing all supplier relationships and company purchasing to identify every dollar spent and get the most out of it.
Spend management best practices integrate and automate all spend-related activities from source to settle so that buying happens as planned and suppliers get paid in compliance with contracts.
What It Takes
A successful Spend Management plan aligns all of your business goals and helps you make the appropriate decisions and establish the right suppliers to meet your goals. Some of the leading approaches to improving spend
- Procurement Process Automation
- SKU/Item Rationalization
- Supplier Consolidation
- Volume Aggregation
- Preferred Supplier Programs
- Catalog Utilization
- Contract Compliance Tools
Striving for Best in Class
Spend Under Management
Total Spend Sourced
Source: Ardent Partners, “CPO Rising: The Age of Intelligence” 2018
COMBINED ENTERPRISE & MID-MARKET IMPROVEMENT