Other organizations stop at temporary or hourly spend. When it comes time to do a more complex structure, they have to start over.
83% OF OUR PROGRAMS GROW YEAR OVER YEAR
Positive momentum springs from a solid core and sets you up for ongoing gains. In fact, most of our spend categories grow 83% each year, while those of our competitor’s programs grow just 3% a year. We have an informed understanding of how to grow and build your program. Though every new spend category typically yields 24+ months of continuous savings and value, it is by systematically capturing new and more complex categories that allows our clients to realize ongoing optimization.
More Spend Capture, More Value
- Eliminate renegade or low value contracts
- Ensure use of correct contract templates & terms
- Implement exception review and approval process
- Real time performance and deliverables management
- Comply with corporate guidelines
- Shine a light on ‘phantom resources’
- On-shoring, near-shoring, off-shoring
- Cross category visibility and discernment
Real Time Metrics, Control And Visibility
- Manage KPIs and SLAs
- Track all assets and equipment distributed from on-boarding through off-boarding
- Track project costs with real time actual (including in process) to budgeted
- Ensure adherence to Statement of Work terms
- Control potential project overages and scope creep
- Enforce performance bonuses & penalties
- Create, distribute & analyze project-specific satisfaction survey
- Create enterprise wide supplier performance & quality repository
- Historical quality and timeliness metrics
Your Path to Continual Savings
- Automate – Implement spend categories into the IQNavigator application
- Normalize – Standardize Rates across business units and suppliers
- Benchmark – Compare by industry and locale
- Expand – Add new categories. Repeat
