Practice

Spend Management

Helping organizations find significant additional cost savings, increase sourcing efficiencies, and improve strategic supplier relationships

Every type of strategic sourcing team should base its decisions and strategy on a thorough analysis of the spend data

Strategic sourcing teams of all shapes and sizes should rely on spend analytics to inspire procurement insight and action.

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

Velocity Procurement provides a full-service model that combines procurement-focused spend analysis services with a formal strategic sourcing methodology. We provide you with clear insights into your spend portfolios to drive savings.

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

Spend Management Procurement Journey

Spend Data Analysis

We mine, classify and categorize 3rd party spend data into meaningful and actionable information.

Opportunity Assessment

We formalize opportunities for cost savings for maximum return on investment

Sourcing Execution

We carry out strategic sourcing initiatives and achieve increased bottom-line cost savings.

Benefits of Working with our Spend Management Team

Procurement organizations of all sizes, complexities, and maturity levels seeking to achieve increased cost savings. By engaging with our Spend Management services, 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

Meet Velocity’s Spend Management Leader

Dimitri Desmet

Practice Leader
Spend Management

Dimitri Desmet

Practice Leader
Spend Management

Dimitri Desmet

Dimitri has a decade of experience in procurement across multiple industries and companies. The categories of spend he has managed vary from hardware, software, and telecom, to maintenance, repairs, and travel. His inquisitive nature drives him to dig deep into the client’s business to understand their unique challenges completely. If something doesn’t work, Dimitri is not afraid to call it out and fix it.

Dimitri is an expert at providing solutions and recommendations on saving money and reducing waste by improving processes. In addition, he is an Excel and analytics expert, skills he uses to make sense of complex datasets and provide fact-based advice. If you ever need help with a formula, let him know, and he’ll gladly explain how to use it and teach you how to do it yourself.

Dimitri was born and raised in Belgium, and he has lived in multiple countries. One of the benefits of growing up in Belgium is that he speaks numerous languages fluently (English, Dutch, French). He understands the subtle (and not so subtle) difference of cultures. In 2015 Dimitri married an American, and one year later, they moved to the Philadelphia area. Dimitri and his wife now have two young daughters, who keep him busy and on his toes!

Outside of his day-to-day responsibilities with Velocity Procurement, Dimitri enjoys all sports (CrossFit, climbing, golf, snowboarding…) and having an active lifestyle. Dimitri likes to travel and explore new places and cultures with his family, and he has been to over 30 different countries. Because Dimitri believes it’s important to give back to the community, he is a volunteer firefighter at his local fire station.

Favorite quote

“The world is a book, and those who do not travel read only one page.” – Saint Augustine

Achieving Value

Velocity combines leading proprietary technology solutions with 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 various achievements.

Total Savings
Realized

$800M

Average
Line-Item Savings

8.4%

Sourcing Projects
Successfully Delivered

545

Average TCO
Savings Achieved

12.9%

Suppliers
Enabled

4685

Client Spend
Managed

$5.9B
“Knowing is not enough; we must apply. Willing is not enough; we must do.”
― Johann wolfgang von Goethe
© Velocity Procurement