Spend optimization picks up where spend management ends. Spend management focuses on process and keeping spend under control, but optimization involves creating a strategic view of an organization’s savings through the use of technology. CCP Global’s process is efficient, organized and tailored to YOUR company’s unique needs.

Spend Optimization Process

Beginning with the Opportunity Assessment, the Spend Optimization Process allows your organization to:

    • Highlight Opportunities
    • Outline Potential Workstreams
    • Provide Foundation for Category-Based Strategic Sourcing

Components of the Spend Optimization Process:

Assess the Opportunity

  • Spend Analysis
  • Contract Inventory
  • Organizational Fit
  • Stakeholder Interviews
  • Process & System Capabilities
  • Category Markets

Do the Research

  • Specification Review & Challenge
  • Procurement History
  • Projected Requirements
  • Market Research
  • “Should Cost” Modeling
  • Technology Issues
  • Marketplace Strengths
  • Attractiveness to Suppliers

Source the Requirements

  • Implementation Plan
  • Executive Sign-off
  • Project Management
  • Change Management
  • Tendering the Requirements
  • Reverse Auctions
  • Negotiations
  • Supplier Selection
  • Contract Creation & Award

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Define the Project

  • Opportunity Analysis
  • Team Creation
  • Scope Determination
  • Stakeholder Identification & Mapping
  • Business Requirements Definition
  • Rank Needs
  • ID “Quick Wins”

Create The Sourcing Strategy

  • Option Generation, Evaluation, Selection
  • Risk Analysis
  • SWOT Mapping
  • Strategic Source Plan
  • Benefit Metrics

Learn & Improve

  • Supplier Relationship Management
  • Performance Measurement
  • Supplier Reviews
  • Ideation & Innovation
  • Waste Reduction
  • Alignment with Business Requirements