spend assessment; procurement assessment; procurement consultant; procurement professional
 
 

Spend/Procurement Assessment

Protiviti’s professionals conduct spend and procurement assessments to assist clients in identifying areas of financial leakage, strategic sourcing and process inefficiencies, as well as assessing overall procure-to-pay processes and capabilities. 

In our experience, organizations can achieve a return on investment (ROI) of up to five times or greater by identifying opportunities to reduce total cost of ownership (TCO), leveraging purchasing power, recovering overpayments and improving vendor performance.

Our professionals help companies achieve these results through the identification and recovery of financial leakage (e.g., overpayments or incorrect charges, duplicate payments, lost discounts and unused credits), specific and prioritized recommendations for process improvement, spend categorization and visibility, a strategic sourcing road map, and the identification of cost reduction opportunities. 

Our proven procurement methodology incorporates both functional and structural disciplines to ensure we address our clients’ specific needs while adding significant overall value:

Functional Disciplines

  1. Strategic Sourcing
  2. Contract Management
  3. Category Management
  4. Transaction Management

Structural Disciplines

  1. Organizational Design
  2. Performance Metrics
  3. Talent Management
  4. Operational Enablement

We utilize our sourcing and procurement consultants, a proprietary tool that integrates advanced data analysis with visibility into 100 percent of spend data and proven methodologies to produce leading-edge solutions and improvement road maps tailored to fit the needs of your business. 

Our specific services include:

  1. Spend and Procurement Data Analysis
  2. Spend and Procurement Process and Capabilities Improvement
  3. Strategic Sourcing
  4. Category Management
  5. Benchmarking