Where do I spend my money on? Which groups of suppliers earn the most money on me? How do the expenses of different business units compare? What is the difference in spend compared to last year? Who are my biggest suppliers? The answer to these and other questions you can get by doing a spend analysis.

Supply Value will help you conducting a spend analysis. Our approach is pragmatic: do not analyse more than you can manage and add conclusions and improvement of analysed data.
With a spend analysis you can: 

• Get insight in your expenses;
• Identify points to improve;
• Reduce costs per product by improving your negotiation position, bulk discounts and create price awareness;
• Reduce demands of products by removing it, reducing demand and/or encourage use of interchangeable products;
• Reduce risks by better management of important suppliers;
• Determine procurement targets and strategies;
• Make results measurable.

Our consultants do not finish at just presenting a spend analysis, but focus mostly on interpreting results and discovering opportunities for your organisation. They will tell you what to do to use these opportunities and what the gains are going to be.

Demanded effort by your organisation
To carry out a successful spend analysis by Supply Value your organisation needs to do some effort as well. In every phase of the process the results will be discussed with your organisation. Here you read a short overview of the efforts that your company needs to deliver:

1. Discuss the expectations;
2. Deliver financial data in the right format;
3. Support in organising and comprehension of the data;
4. Discuss the most important identified opportunities and possible targets;
5. Discuss the implementation;
6. Feedback on the delivered work.