Spend Analysis – Independent Procurement Consulting

Spend Analysis is a requirement for all organizations to uncover business buying patters through an in depth review of procurement data. This is done to manage Supplier spend, track procurement performance and optimize cost. IPC will help analyze what is bought, from who and why so that there is visibility in terms of strategic sourcing decisions and inventory management.

The benefits received from Spend Analysis are numerous

  • Increased visibility in sourcing categories
  • Gain insights on Strategic sourcing
  • Better oversight of supply chain process
  • Risk mitigation
  • Improved supplier relationships

During the Spend Analysis process, our experienced consultants will restore integrity and accuracy of the procurement data by cleansing and enriching data, analyze the data and identify potential savings opportunities, process efficiencies and options for future cost optimizations or contract re-negotiations.