UAE Expertise - Spend Analysis
A UAE-based facilities management company sought to gain a deeper understanding of its spend across multiple regions and service categories. Engaging Procurement Plus, the company aimed to consolidate and analyze its procurement data to identify cost-saving opportunities and optimize supplier relationships. Through our comprehensive spend analysis, we provided valuable insights into their spending patterns, enabling them to make data-driven decisions, streamline operations, and improve budget allocation. This initiative helped the company achieve better financial control and enhanced procurement efficiency across its diverse regions.
Opportunity
- – Categorisation to a taxonomy to gain visibility of sourcing opportunities
- – Low data quality
- – System alignment to client’s standards
Outputs
- – Supplier analysis
- – Spend analysis
- – Savings scenarios
Outcomes
Best-practice taxonomy
Optimization of suppliers
Saving opportunities
Best-in-class contracting models
- – 90%+ of addressable spend was analyzed and categorized
- – It was identified that the total number suppliers can be optimized by 66%
- – Identified the opportunity of 9% savings
- – Identified he need for Multiyear framework agreements to improve efficiency, synergies and partnerships with suppliers
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