Spend analysis is the process of collecting, cleansing, classifying and analyzing expenditure data with the purpose of decreasing procurement costs, improving efficiency, and monitoring compliance. TJP creates a roadmap for analyzing organizational spending in all areas, even for custodial outlays where we breakdown cost by square inch of, say paper towels, and provides clients with more cost effective alternates that saves millions of dollars.
In many organizations procurement are not staffed for conducting spend analysis, others are disconnected from their internal clients, such as maintenance and production, and do not conduct periodic assessment of repetitive purchases that have experienced costly bracket creep or are unaware of the latest cost effective substitutes. TJP will expeditiously perform procurement spend analysis, identify high cost outlays and seek cost effective substitutes. Our reports include clear targets, savings and ROI estimates and a roadmap for execution.