bravoconnect 2014: procurement savings identification, forecasting & tracking

Procurement Savings Identification, Forecasting and Tracking

Welcome & Agenda

1. Introduction and overview

2. Amcor – A Case Study

3. The Post Office – A Case Study

4. Panel Q&A

Speakers

Andrew Vanstone

Vice President, Corporate Procurement Amcor

SaraHollingsbee

Best Practice Procurement ManagerThe Post Office

SujaiJayaram

Head of Best Practice, Procurement The Post Office

GraemeWiggins

Senior ConsultantSpend Analytics

BravoSolution

HannelePalje-Rossi

Managing DirectorNordics

BravoSolution

“The way to build your savings is by

spending less each month”Suze Orman

Reasons Why Organisations Focus on Savings

Measure Control Performance Mobilise £’s Process compliance

Spend mapping and analysis

Service/product user engagement

Supplychain engagement

Benchmarking at product/service/category level

Competition

Identification

Ways in Which to Identify Savings Opportunities

Types of saving

When the saving will be realised

Pre-requisites for achieving the saving

Estimate tolerances

Sign-off accountabilities for any saving

Forecasting

Things to Consider When Forecasting Savings

Have a plan – communicate progress against it

Review risks regularly – communicate changes in status

Monitor demand, compliance and payments –

communicate all variances

Continually look for opportunities to improve on forecasts

– explain short and long term options

Review progress against business targets regularly –

communicate any required changes to priorities

Tracking

Important Inputs to Tracking

Amcor - Case Study

Post Office - Case Study

Panel / Q&A