Opportunity Assessment
What
We Do
An opportunity assessment is the ideal starting point for any organization looking to generate rapid, near-term savings and elevate its procurement function. Our opportunity assessments provide you with an actionable roadmap to find untapped business potential. You’ll realize and sustain procurement-related savings, and improve working capital in eight weeks or less.
How
We Help
A successful assessment begins with spend visibility. That’s why we categorize and consolidate your data into a spend database using our proprietary analytics. Through contract reviews, we lea about your procurement practices, build a fact base for each category, and assess whether they may benefit from strategic sourcing. To make the assessment, we tap into our benchmarking databases, category-specific should-cost models, and market intelligence maintained by our Centers of Excellence (COEs). Lastly, we prioritize your sourcing targets with savings goals — and develop a plan to achieve them.
Benefits
Key Benefits
Key Benefits
of an Advisory Partner
Deep Subject Matter Expertise
We’ve conducted over 1,000 opportunity assessments across industries, including pre- and post-close assessments for PE-backed companies. With 18 Category Centers of Excellence, we have deep subject matter expertise for category analysis.
Total Cost Optimization Approach
We’ll explore a range of price and demand levers by category, based on over 8,000 strategic sourcing projects conducted over our 20-year history.
Industry Leading Spend Intelligence
We utilize state-of-the-art SpendHQ software to develop your spend cube in a matter of days.
Customizable Flexibility
We can scale our services based on your needs. Whether you require a comprehensive strategy or targeted assistance in a specific area, our flexibility allows you to make the most of our expertise.
Quick Implementation
We’re skilled at rapidly assessing your current savings opportunities. This expedites the strategy development and implementation process, leading to faster results and faster retu on investment.
ROI Centric
We are procurement specialists at heart and understand the scarcity of investment dollars. We tie the value and costs to each of our recommendations so you have a clear picture of your ROI in procurement.
Ready to Accelerate Savings and Procurement Performance?
We have performed over 5,000 sourcing projects since our firm’s inception. Please contact us to ask a question or leave a comment.
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