Source to Pay Design Toolkit
12th August 2022
Our toolkit is designed to use our knowledge of leading practice, while focusing on the specific needs of your business and making sure they are met.
Overview
Improve the Quality of your Spend Data
Having good quality data is the first step to pinpoint and discover your savings opportunities. Our specialist analytics engine works to identify categorisation errors and improve the accuracy of your data. We pride ourselves on working with you so our findings are presented back to you for review and approval before we produce an updated spend analysis.
We know that most categorisation issues occur at the point of entry, so we will also help review your existing processes to prevent these errors from happening again.
Identify where the Savings are
Our tool takes performance indicators from your spend data to identify and assess which of your categories and business units offer will offer the best savings opportunities. The analytics engine draws on many years of real-life procurement delivery experience to help you identify how much could be saved.
Validate the Savings Opportunities
Through a series of workshops with your procurement function and business units, we validate the best opportunities that we have identified. This additional stage allows us to discuss any hidden issues or challenges and provides feedback to the data model. We use highly experienced Procurement and Category experts to facilitate these workshops and ensure the savings insights are invaluable to your business.
True insights, from quality data, and the confidence to focus your team’s efforts to deliver savings.
Our toolkit is designed to use our knowledge of leading practice, while focusing on the specific needs of your business and making sure they are met.