Savings Planning – The Roadmap To Success

Numerous data sources, multiple systems, and varying levels of spend-categorization approaches leave many companies struggling with how to identify and assess cost-reduction opportunities. Even companies who have good historical spending data still only know what they have spent and with whom. Many still lack other critical information, such as pricing benchmarks or market insight needed to quantify savings opportunities for key stakeholders or to prioritize and determine the right approach for ensured savings.

Whether you are preparing to launch a sourcing campaign, reporting spend for annual budgeting purposes, or assessing your capabilities before considering outsourcing, ICG Commerce experts can help you by leveraging spend-categorization tools and know-how to provide a detailed evaluation of what you buy and how you buy, while developing a specific roadmap toward optimal results. Request more information about Savings Planning...

Extensive experience and rapid analysis

ICG Commerce provides a detailed, categorized view of company expenditures and an executable, results-oriented savings plan within weeks. By bringing together spend analysis and sourcing specialists who have developed and executed hundreds of savings plans with powerful spend-categorization tools, ICG Commerce provides valuable analysis and insight to help you begin transforming your spend into savings.

Our specialists rapidly categorize data from your ERP, accounts payable, and other enterprise systems and apply extensive experience and hundreds of industry-specific spend profiles to ensure your company spend is categorized accurately. Once categorized, they use pricing benchmark, supplier performance, and market analysis to identify both immediate and long-term savings opportunities, such as unit-cost reductions, internal and external spend aggregation, supplier reduction, and preferred supplier compliance. Category by category we work to develop a savings plan that balances the opportunity, effort, and risk to help you to achieve your optimal results.