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BravoConnect 2014: Procurement Savings Identification, Forecasting & Tracking
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Transcript of BravoConnect 2014: Procurement Savings Identification, Forecasting & Tracking
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Procurement Savings Identification, Forecasting and Tracking
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Welcome & Agenda
1. Introduction and overview
2. Amcor – A Case Study
3. The Post Office – A Case Study
4. Panel Q&A
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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
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“The way to build your savings is by
spending less each month”Suze Orman
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Reasons Why Organisations Focus on Savings
Measure Control Performance Mobilise £’s Process compliance
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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
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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
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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
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Amcor - Case Study
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Post Office - Case Study
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Panel / Q&A