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Spend Analysis

Deciding where to begin is the first difficult decision your organization must make in order to begin a Strategic Sourcing project. Source One will help you conduct a full spend analysis to identify your potential savings opportunities.

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Our strategic sourcing services will help you reach your operational goals and will provide real tangible savings that have a positive impact on your bottom line.

...Strategic Sourcing

Often, the most difficult part of implementing results is the culture change that must happen in your organization. We provide the assistance you require to help you obtain results.

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With over 16 years of experience, our dedicated team has one focus, reduce costs and ensure the operational success for our clients.

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Click the link below to download a PowerPoint presentation example of a spend analysis report.
... Spend Analysis Sample

After completing a spend analysis, many customers engage Source One to assist in a full strategic sourcing initiative.
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Source One offers consulting services for a variety of procurement functions. Take a look at our procurement solutions to see how we may assist you.
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Spend Analysis Services and Consulting

Spend Analysis Services Spend Analysis Impacts Strategic Sourcing Results

The first step in strategic sourcing and spend reduction is the identification of the categories that have the greatest potential. Spend Analysis is the starting point in identifying the savings opportunities in your corporate procurement processes.

However, a quality Spend Analysis goes beyond identifying the highest level category spend. A proper spend analysis will consolidate, clean and classify spend data accross multiple departments, systems and locations.

Source One's spend analysis and strategic sourcing services provides clients with::

Aggregated spends by commodity, supplier and category,

Current contract costs, terms, and conditions,

Product Specification including quality, availability and service requirements,

Understanding of all fixed and variable cost drivers for total cost of ownership,

Recommended strategic sourcing strategies for cost reduction and operational changes to improve short and long-term profitability.

"Analysts estimate that an effective, ongoing spend analysis program can produce net savings of 7 to 10 percent in the cost of goods sold, with additional savings elsewhere." (sdcexec.com)

Download a Sample Spend Analysis Report