All strategic sourcing teams rely on spend analytics to provide detailed spend visibility that inspires procurement insight and action. Conducting a formal spend analysis is the foundation of any long-term cost savings initiative. Research shows that procurement organizations frequently lacks the type of high-quality, sourcing-ready data necessary to identify and realize cost savings.
Velocity has produced over $800 Million of measurable savings, with both direct and indirect materials and services, for clients through strategic sourcing. Our strategic sourcing services not only create a more efficient environment and enable a self-funding approach for your procurement transformation.
Velocity Procurement provides a full-service model of procurement-focused spend analysis services supported by a formal strategic sourcing methodology. This combination enables you to gain clear insight into your spend portfolios and drive savings.
Velocity Procurement will act as an extension of your existing category management and sourcing team, and provide traditional consulting sourcing services. We will develop relationships with the business stakeholders and users to understand business requirement and priorities to ensure buy-in to the sourcing strategy. This model provides the most experienced sourcing experts to fully execute and deliver sourcing savings.
Our experienced resources bring category knowledge, process rigor and stakeholder management
We conduct true strategic category analysis to identify the right strategy – not a one size fits all approach
Our team will blend into your organization to best align with and understand the business culture and mindset
The value we deliver can be measured against the spend baseline which enables a tangible impact on your bottom-line