Spend Management

Our spend management services help organizations identify and realize significant cost savings, sourcing efficiency, and improve strategic supplier relationships

Procurement leaders face the imperative task of reviewing and recalibrating their strategies to achieve better outcomes in the coming year.

This whitepaper explores integral areas that procurement leaders should focus on to ensure and enhance their success. Drawing on industry benchmarks, best practices, and real-world examples, we provide actionable insights to drive procurement excellence.

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Every Type of Procurement Team Should Base Its Decisions and Strategy on a Thorough Analysis of Spend Data

All strategic sourcing teams should rely on spend analytics insights to inform strategy and action toward meeting procurement’s objectives.

A fruitful procurement transformation depends heavily on a comprehensive, reliable spend analysis, opportunity assessment and sourcing plan. Research has shown us that procurement organizations frequently lacks high-quality, sourcing-ready data necessary to identify and realize more strategic, influential cost savings.

Velocity Procurement is a procurement services provider with a full-service model that combines procurement-focused spend analysis services with a industry-leading strategic sourcing methodology. We provide you with clear insights, market intelligence, subject matter expertise and strategic sourcing program management to drive savings.

Insight

Infographic

Case Study

Start Taking Control of Your Procurement Spend

Smarter sourcing and spend management start with visibility and strategy. Let Velocity help you turn data into action and drive measurable impact across every category.

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How We Guide The Procurement Journey

We put the right people, processes, and systems in place to manage large and complex projects and programs in their entirety. This includes services and capabilities related to the following areas:

Spend Analysis
We collect, cleanse, normalize, and categorize 3rd party spend data into meaningful and actionable information.
Opportunity Assessment
Leveraging our experience and benchmark data, we identify and quantify cost savings opportunities to maximize your return on investment.
Sourcing Execution
Our team of strategic sourcing experts will collaborate with your team, drive strategic sourcing projects, and achieve increased bottom-line cost savings.

Spend Management Services

Benefits of Working With Our Spend Management Team

Procurement organizations of all sizes, complexities, and maturity levels seek increased cost savings. By engaging with our team of sourcing experts for Spend Management support, our clients have shared in the following outcomes:

Improved sourcing operations that enable maximum strategic value

Average line-item annual savings of ~8.4%

Annual total cost of ownership reduction averaging 12.9%

21% increase in spend under management

Average reduction of 48% in maverick spending

Category and commodity expertise covering over 150 areas of spend

Meet Velocity’s Spend Management Leaders

Maulik J Shah

May 15, 2025

Chief Executive Officer

David Pastore

May 13, 2025

Executive Vice President

Vince Norpel

May 1, 2025

Senior Manager

Achieving Value

Velocity combines leading proprietary technology solutions, procurement best practices, and a proven 8-step methodology to complete the end-to-end spend and sourcing programs. We customized this methodology to suit the specific issues of Procurement organizations resulting in numerous achievements. Most importantly, we align to our clients’ cultures rather than imposing our own. By understanding our clients’ objectives and meeting them where they are, we are able to tailor our approach to get them where they want to be.

Total Savings Realized

$1.2B

Average Line-Item Savings

8.4%

Sourcing Projects Successfully Delivered

1,000+

Average TCO Savings Achieved

13.4%

Suppliers Enabled

6,000+

Client Spend Managed

$8.2B

“Knowing is not enough; we must apply. Willing is not enough; we must do.”

― Johann wolfgang von Goethe

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