Services
Spend Visibility | Process Visibility

Spend Visibility - Spend Management Services

Our spend management services are focused on lowering your Costs and expanding your “Capacity” to capture a higher level of sustainable savings. Our experience has proven that breakthrough savings result from focusing on: “core structure” drivers and disruptors.

Spend Visibility & Organization
Visibility is a core structure issue for effective Spend Management. The foundation of visibility is Spend Organization. We will help you categorize your complex Spend Universe in buckets that make sense for your organization. Additionally we will add spend intelligence that will accelerate - expert data mining, unique pattern analysis for opportunity definition, and savings achievement.

Spend Analytics
Depending on the needs of your organization, SavingsPath will provide personalized analytical services to support your team. We can provide the tools and data resources without disrupting your information systems. Additionally we can provide people to support to your sourcing decisions and take action. The application of these services are grouped below:

Process & Productivity
The heavy transaction environment can yield many opportunities for process improvement, as well as savings, through a deeper understanding and tracking of key variables. These can be initiatives that are stand-alone or those integrated with Lean and Six Sigma efforts. Examples include pricing errors, product identification problems and order transmittal disruptions, to name a few. They will vary across organizations.

Category Management
There are numerous opportunities to improve costs among the many groups of commodities and services sourced by the organization, both directand indirect expense. Discovering the spend trends, developing strategies and implementing changes, result in measurable cost reduction as well as quality improvement. We help you enhance spend management techniques such as RFP’s, Contracting, Contract Compliance, Reverse Auctions, Vendor Relationship Management, etc., so that exciting savings contributions are realized.

Utilization
By integrating spend information with demand information, your organization can benefit by optimizing costs. Savings result from understanding the variances in comparative costs among users as well as validating the value of alternative products. Applying visibility gains cooperation as users are able to understand the impact of product selection and practice.

Revenue
Direct revenue may be enhanced by capturing all costs and making sure the corresponding prices/charges happen. Secondly, by having a better understanding of costs there can be opportunities to implement revenue improvement strategies. These efforts involve collaborative teams across the organization that can benefit through the visibility developed by SavingsPath.

Benefits

SavingsPath’s efforts are tied directly to your success. Each engagement is different, no two entities are the same, or at the same level of savings opportunities, so we customize our efforts to meet your spend savings goals.

Benefits can include:

• Lower costs and increased savings
• More efficient processes for improved morale
• Improved strategies and tools to sustain higher-return savings
• Expanded capacity and resources to contribute savings
• Greater cooperation in removing costly disruptors
• Possibly revenue growth
• Support and assistance bundled with services

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"Their Supply Chain Analysis was amazingly thorough, and by working with us, our people gained insight as to how to keep our system optimized for years to come."

-- Materials Manager

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Savings Pathway

SavingsPath Tools Build Capacity, Velocity, and Confidence

A Savings Pathway is an in-depth methodology that lets us help you look at the basic savings channels in spend management: price, quantity, labor and capital.

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"SavingsPath was a refreshing change from traditional consulting services. The SavingsPath experts developed an understanding of our current supply chain processes by physically experiencing our processes, and working directly with the people involved in supply chain management. They did not formulate their recommendations based on senior management's perspectives -- they actually evaluated the process itself."

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We Invest – Months, Not Minutes – in expanding Your Savings Capacity
SavingsPath invests the tools, time, people, and travel for on-site assistance to your team. Real people help your team with real work. We ask that you engage us only if: a) you feel your organization has additional savings to pursue, and b) your team will appreciate some extra people to work along side them to accomplish those greater savings sooner. Our investment in you is months, not minutes.

"SavingsPath immersed themselves in our organization to get the feel and flavor that exists and create a solution that fit our needs and our culture. When a crisis arose, they donned work shirts and jeans to pitch in and get the job done, not only during the week but on weekends!"

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© SavingsPath Associates, Inc. 2008