Level 5™ in Action: The Analysis Phase
Objective: To conduct a procurement analysis that captures a holistic view of your IT, telecom, supply chain and energy supplier management and cost control strategy, as well as your budget and investments in these areas, then compare them to averages from peer organizations.
Methodology Snapshot:
- Inventory current vendors and agreements with a focus on pricing, terms and conditions
- Full audit of vendor invoices
- Segment and analyze sub-categories of spend (e.g. applications, telecom, air shipment, etc.)
- In-depth price benchmarking and analysis of product/service level discounts and pricing terms and conditions
- Competitive analysis of lower cost providers, third-party options and market segment landscape
Interested in benchmarking your pricing against real-time market data? Click here to receive a complimentary savings evaluation.