Spend Diagnostics is a low-investment and quick turn-around diagnostic offering which serves as a business case for Spend analysis solution as well as Procurement Transformation Programs. It is usually focussed on the top spend systems and business units and is the precursor to help understand the ‘current situation’ and to identify potential savings opportunities. It includes the following:
Analysis of spend data by supplier, category, region, business unit, etc.
Identify potential synergies between different business units
Opportunities for supplier consolidation
Identify and quantify the potential opportunities based on savings, sourcing complexity and ease of implementation
Evaluation of best taxonomy for spend classification
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