Savings’ Opportunity Assessment

This is a unique, online application that analyses spend related data and identifies potential purchasing savings opportunities.

This allows our customers to carry out spend analysis and opportunity identification on their own as well as via the more established route of Vendigital assisted Savings Optimiser workshops.

The on-line Procurement Optimiser retains all the functionality of the previous versions, including Propensity for Leveraged Tendering, Strategic Purchasing Framework, Relative Time & Return, Category Rankings and the Purchasing Project Planning tool.

In addition, the on-line Optimiser uses a new technique called Market Calibrated Prediction Technology (MCPT) in order to calculate its output. Monthly feeds on material price trends and quarterly calibrations based on the latest actual Vendigital purchasing project results are fed into the Optimiser. By taking this market information and the spend data entered by our customers and applying a number of complex algorithms the Optimiser predicts the likely range of savings which are potentially achievable as well as showing the more strategic attributes associated with each spend category.

Once the initial data is entered, it only needs to be updated after each major purchasing activity or as spend patterns change. A versatile range of editing and saving functions allows you to analyse spend at any time by site or by spend category on a regional or global scale, and the live market feeds mean the output is always as up to date and as accurate as possible.

Whether or not you are an existing user of the previous Optimiser please contact us for more information on the benefits that this powerful tool can bring to your company.

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