{"id":7164,"date":"2020-12-30T22:06:27","date_gmt":"2020-12-31T04:06:27","guid":{"rendered":"http:\/\/test.isg.com\/?page_id=7164"},"modified":"2022-02-15T08:21:06","modified_gmt":"2022-02-15T14:21:06","slug":"spend-assessment","status":"publish","type":"page","link":"https:\/\/www.insightsourcing.com\/spend-assessment\/","title":{"rendered":"Spend Assessment"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row full_width=&#8221;stretch_row&#8221; bg_type=&#8221;bg_color&#8221; el_id=&#8221;HEADLINE&#8221; bg_color_value=&#8221;#06406b&#8221;][vc_column][vc_empty_space height=&#8221;60px&#8221;][vc_column_text]<\/p>\n<h1 style=\"text-align: center;\"><strong><span style=\"color: white;\">Spend Assessment<\/span><\/strong><\/h1>\n<h3 style=\"text-align: center;\"><span style=\"color: white;\">Actionable Roadmap to Savings Acceleration<\/span><\/h3>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;60px&#8221;][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row&#8221; el_id=&#8221;SUB-HEADER STATEMENT&#8221;][vc_column][vc_empty_space height=&#8221;50px&#8221;][vc_column_text]<\/p>\n<h3 style=\"text-align: center;\"><strong>Spend Assessments <\/strong>are the ideal starting point for any organization looking to achieve their savings objectives.\u00a0 Assessments provide executives with an actionable roadmap for cost savings and procurement optimization in eight weeks or less.<\/h3>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;30px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_separator style=&#8221;shadow&#8221;][vc_empty_space height=&#8221;30px&#8221;][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row&#8221; bg_type=&#8221;bg_color&#8221; el_id=&#8221;APPROACH&#8221; bg_color_value=&#8221;#f2f2f2&#8243;][vc_column][vc_row_inner][vc_column_inner][vc_empty_space height=&#8221;30px&#8221;][vc_column_text]<\/p>\n<h3 style=\"text-align: center;\"><strong>Our Spend Assessment Approach<\/strong><\/h3>\n<p style=\"text-align: center;\">Our spend assessment process begins with <a href=\"http:\/\/www.insightsourcing.com\/spendhq-2-0-spend-analytics\/\"><strong>spend visibility<\/strong><\/a>. We collect and consolidate data from all relevant systems and categorize it to create a procurement-focused spend database. We then conduct a series of interviews and contract reviews to learn more about historical procurement practices of your organization. Finally, we develop a detailed execution plan that includes prioritized sourcing targets, realistic savings goals, and specific plans to achieve them.<\/p>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;30px&#8221;][\/vc_column_inner][\/vc_row_inner][vc_row_inner][vc_column_inner width=&#8221;1\/4&#8243;]<div id=\"ultib3-149559768966278ade5f814\" class=\"ultb3-box  \" style=\"background-color: #06406b;\"><div class=\"ultb3-info ib3-info-center\" data-animation=\"\" data-animation-delay=\"03\"><div class=\"ultb3-title\" style=\"font-weight:bold;font-size:20px;color:#ffffff;\">Spend<br \/>\nAnalysis<\/div><\/div><\/div><style>\n\t\t\t\t\t#ultib3-149559768966278ade5f814 {\n\t\t\t\t\t\tmin-height:50px;\n\t\t\t\t\t}\n\t\t\t\t\t#ultib3-149559768966278ade5f814 img.ultb3-img {\n\t\t\t\t\t\theight: px;\n\t\t\t\t\t}\n\t\t\t\t\t#ultib3-149559768966278ade5f814 .ultb3-btn {\n\t\t\t\t\t\tborder:2px solid #1e73be;border-radius:50px;color:#898989;\n\t\t\t\t\t}\n\t\t\t\t\t#ultib3-149559768966278ade5f814 .ultb3-btn:hover {\n\t\t\t\t\t\tbackground:#1e73be;color:#ffffff;\n\t\t\t\t\t}\n\t\t\t\t<\/style>[vc_empty_space height=&#8221;15px&#8221;][vc_column_text]<\/p>\n<p style=\"text-align: center;\">Collect Spend Data<\/p>\n<p style=\"text-align: center;\">Normalize Vendors<\/p>\n<p style=\"text-align: center;\">Map Influence<\/p>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;15px&#8221;][vc_single_image image=&#8221;7168&#8243; img_size=&#8221;medium&#8221; alignment=&#8221;center&#8221; style=&#8221;vc_box_shadow_border&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;1\/4&#8243;]<div id=\"ultib3-13442614166278ade5f856\" class=\"ultb3-box  \" style=\"background-color: #06406b;\"><div class=\"ultb3-info ib3-info-center\" data-animation=\"\" data-animation-delay=\"03\"><div class=\"ultb3-title\" style=\"font-weight:bold;font-size:20px;color:#ffffff;\">Sourcing Opportunity Assessment<\/div><\/div><\/div><style>\n\t\t\t\t\t#ultib3-13442614166278ade5f856 {\n\t\t\t\t\t\tmin-height:50px;\n\t\t\t\t\t}\n\t\t\t\t\t#ultib3-13442614166278ade5f856 img.ultb3-img {\n\t\t\t\t\t\theight: px;\n\t\t\t\t\t}\n\t\t\t\t\t#ultib3-13442614166278ade5f856 .ultb3-btn {\n\t\t\t\t\t\tborder:2px solid #1e73be;border-radius:50px;color:#898989;\n\t\t\t\t\t}\n\t\t\t\t\t#ultib3-13442614166278ade5f856 .ultb3-btn:hover {\n\t\t\t\t\t\tbackground:#1e73be;color:#ffffff;\n\t\t\t\t\t}\n\t\t\t\t<\/style>[vc_empty_space height=&#8221;15px&#8221;][vc_column_text]<\/p>\n<p style=\"text-align: center;\">Conduct Interviews<\/p>\n<p style=\"text-align: center;\">Review Contracts &amp; Invoices<\/p>\n<p style=\"text-align: center;\">Develop Category Profiles<\/p>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;15px&#8221;][vc_single_image image=&#8221;7169&#8243; img_size=&#8221;medium&#8221; alignment=&#8221;center&#8221; style=&#8221;vc_box_shadow_border&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;1\/4&#8243;]<div id=\"ultib3-133447657166278ade5f884\" class=\"ultb3-box  \" style=\"background-color: #06406b;\"><div class=\"ultb3-info ib3-info-center\" data-animation=\"\" data-animation-delay=\"03\"><div class=\"ultb3-title\" style=\"font-weight:bold;font-size:20px;color:#ffffff;\">Procurement Maturity Assessment<\/div><\/div><\/div><style>\n\t\t\t\t\t#ultib3-133447657166278ade5f884 {\n\t\t\t\t\t\tmin-height:50px;\n\t\t\t\t\t}\n\t\t\t\t\t#ultib3-133447657166278ade5f884 img.ultb3-img {\n\t\t\t\t\t\theight: px;\n\t\t\t\t\t}\n\t\t\t\t\t#ultib3-133447657166278ade5f884 .ultb3-btn {\n\t\t\t\t\t\tborder:2px solid #1e73be;border-radius:50px;color:#898989;\n\t\t\t\t\t}\n\t\t\t\t\t#ultib3-133447657166278ade5f884 .ultb3-btn:hover {\n\t\t\t\t\t\tbackground:#1e73be;color:#ffffff;\n\t\t\t\t\t}\n\t\t\t\t<\/style>[vc_empty_space height=&#8221;15px&#8221;][vc_column_text]<\/p>\n<p style=\"text-align: center;\">Conduct Current State Workshops<\/p>\n<p style=\"text-align: center;\">Benchmark Procurement Maturity<\/p>\n<p style=\"text-align: center;\">Determine Future State Vision<\/p>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;15px&#8221;][vc_single_image image=&#8221;7170&#8243; img_size=&#8221;medium&#8221; alignment=&#8221;center&#8221; style=&#8221;vc_box_shadow_border&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;1\/4&#8243;]<div id=\"ultib3-62993226766278ade5f8ab\" class=\"ultb3-box  \" style=\"background-color: #06406b;\"><div class=\"ultb3-info ib3-info-center\" data-animation=\"\" data-animation-delay=\"03\"><div class=\"ultb3-title\" style=\"font-weight:bold;font-size:20px;color:#ffffff;\">Procurement<br \/>\nRoadmap<\/div><\/div><\/div><style>\n\t\t\t\t\t#ultib3-62993226766278ade5f8ab {\n\t\t\t\t\t\tmin-height:50px;\n\t\t\t\t\t}\n\t\t\t\t\t#ultib3-62993226766278ade5f8ab img.ultb3-img {\n\t\t\t\t\t\theight: px;\n\t\t\t\t\t}\n\t\t\t\t\t#ultib3-62993226766278ade5f8ab .ultb3-btn {\n\t\t\t\t\t\tborder:2px solid #1e73be;border-radius:50px;color:#898989;\n\t\t\t\t\t}\n\t\t\t\t\t#ultib3-62993226766278ade5f8ab .ultb3-btn:hover {\n\t\t\t\t\t\tbackground:#1e73be;color:#ffffff;\n\t\t\t\t\t}\n\t\t\t\t<\/style>[vc_empty_space height=&#8221;15px&#8221;][vc_column_text]<\/p>\n<p style=\"text-align: center;\">Prioritize Categories<\/p>\n<p style=\"text-align: center;\">Develop Sourcing Wave Plan<\/p>\n<p style=\"text-align: center;\">Build Execution Plan<\/p>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;15px&#8221;][vc_single_image image=&#8221;7171&#8243; img_size=&#8221;medium&#8221; alignment=&#8221;center&#8221; style=&#8221;vc_box_shadow_border&#8221;][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=&#8221;20px&#8221;][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row&#8221; bg_type=&#8221;bg_color&#8221; enable_overlay=&#8221;enable_overlay_value&#8221; overlay_pattern=&#8221;02.png&#8221; overlay_pattern_opacity=&#8221;25&#8243; el_id=&#8221;WHITE PAPER&#8221; bg_color_value=&#8221;#06406b&#8221;][vc_column][vc_empty_space height=&#8221;45px&#8221;][vc_column_text]<\/p>\n<h3 style=\"text-align: center;\"><strong><span style=\"color: white;\">Spend Assessments 101<\/span><\/strong><\/h3>\n<p style=\"text-align: center;\"><span style=\"color: white;\">An Executive&#8217;s Guide to Developing a Savings Acceleration Roadmap.<\/span><\/p>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<p style=\"text-align: center;\"><a class=\"button button-blue hover-yellow\" href=\"\/resources\/spend-assessments-101a-guide-to-building-a-savings-acceleration-roadmap\/\">Get Your Copy Here <i class=\"fa fa-angle-right\"><\/i><\/a><\/p>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;45px&#8221;][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row&#8221; bg_type=&#8221;bg_color&#8221; enable_overlay=&#8221;enable_overlay_value&#8221; overlay_color=&#8221;#ffffff&#8221; overlay_pattern=&#8221;07.png&#8221; overlay_pattern_opacity=&#8221;4&#8243; el_id=&#8221;CASE STUDIES&#8221; bg_color_value=&#8221;#f2f2f2&#8243;][vc_column][vc_row_inner][vc_column_inner][vc_empty_space][vc_column_text]<\/p>\n<h3 style=\"text-align: center;\"><strong>Spend Assessment Success Stories<\/strong><\/h3>\n<p style=\"text-align: center;\">The following is a collection of client success stories showing the <strong>Value Identified<\/strong> <strong>by our Spend Assessment process<\/strong>, and the Value Delivered in the follow-on <strong><a href=\"http:\/\/www.insightsourcing.com\/services\/strategicsourcing\/\">Strategic Sourcing<\/a><\/strong> and <a href=\"http:\/\/www.insightsourcing.com\/services\/procurement-transformation\/\"><strong>Procurement Transformation<\/strong><\/a> work these clients engaged our firm for.<\/p>\n<p>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner][vc_column_inner width=&#8221;1\/3&#8243; css=&#8221;.vc_custom_1609388361918{background-color: #357ebf !important;}&#8221;][vc_column_text]<\/p>\n<p style=\"text-align: center;\"><span style=\"color: white;\"><strong>Client<\/strong><\/span><\/p>\n<p>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/3&#8243; css=&#8221;.vc_custom_1609442509639{background-color: #1871bf !important;}&#8221;][vc_column_text]<\/p>\n<p style=\"text-align: center;\"><span style=\"color: white;\"><strong>Value Identified via Assessment<\/strong><\/span><\/p>\n<p>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/3&#8243; css=&#8221;.vc_custom_1609388461380{background-color: #357ebf !important;}&#8221;][vc_column_text css=&#8221;.vc_custom_1609442447910{background-color: #357ebf !important;}&#8221;]<\/p>\n<p style=\"text-align: center;\"><span style=\"color: white;\"><strong>Value Delivered<\/strong><\/span><\/p>\n<p>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner][vc_column_inner width=&#8221;1\/3&#8243; css=&#8221;.vc_custom_1609385781792{background-color: #f7f7f7 !important;}&#8221;][vc_empty_space height=&#8221;15px&#8221;][vc_column_text]<\/p>\n<p style=\"text-align: center;\"><strong>$5B Global Apparel Company<br \/>\n<\/strong>Footwear, Sports, and Casual Apparel<\/p>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;15px&#8221;][vc_separator][vc_empty_space height=&#8221;15px&#8221;][vc_column_text]<\/p>\n<p style=\"text-align: center;\"><strong>Fortune 500 CPG Company<br \/>\n<\/strong>Branded &amp; Private Label Food Products<\/p>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;15px&#8221;][vc_separator][vc_empty_space height=&#8221;15px&#8221;][vc_column_text]<\/p>\n<p style=\"text-align: center;\"><strong>$3B Building Products Manufacturer<br \/>\n<\/strong>OSB, Siding, &amp; Engineered Wood Products<\/p>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;15px&#8221;][vc_separator][vc_empty_space height=&#8221;15px&#8221;][vc_column_text]<\/p>\n<p style=\"text-align: center;\"><strong>$3B Global Apparel Company<br \/>\n<\/strong>Athletic Wear &amp; Lifestyle Clothing<\/p>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;15px&#8221;][vc_separator][vc_empty_space height=&#8221;15px&#8221;][vc_column_text]<\/p>\n<p style=\"text-align: center;\"><strong>$700M Furniture Retailer<br \/>\n<\/strong>Furniture &amp; Bedding Products<\/p>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;15px&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;1\/3&#8243; css=&#8221;.vc_custom_1609385264220{background-color: rgba(237,237,156,0.53) !important;*background-color: rgb(237,237,156) !important;}&#8221;][vc_empty_space height=&#8221;15px&#8221;][vc_column_text]<\/p>\n<p style=\"text-align: center;\"><strong>$40 million<br \/>\n<\/strong>in Savings Opportunity<\/p>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;15px&#8221;][vc_separator color=&#8221;sky&#8221;][vc_empty_space height=&#8221;15px&#8221;][vc_column_text]<\/p>\n<p style=\"text-align: center;\"><strong>$27 million<br \/>\n<\/strong>in Savings Opportunity<\/p>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;15px&#8221;][vc_separator color=&#8221;sky&#8221;][vc_empty_space height=&#8221;15px&#8221;][vc_column_text]<\/p>\n<p style=\"text-align: center;\"><strong>$28 million<br \/>\n<\/strong>in Savings Opportunity<\/p>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;15px&#8221;][vc_separator color=&#8221;sky&#8221;][vc_empty_space height=&#8221;15px&#8221;][vc_column_text]<\/p>\n<p style=\"text-align: center;\"><strong>$36 million<br \/>\n<\/strong>in Savings Opportunity<\/p>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;15px&#8221;][vc_separator color=&#8221;sky&#8221;][vc_empty_space height=&#8221;15px&#8221;][vc_column_text]<\/p>\n<p style=\"text-align: center;\"><strong>$21 million<br \/>\n<\/strong>in Savings Opportunity<\/p>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;15px&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;1\/3&#8243; css=&#8221;.vc_custom_1609385943883{background-color: #f7f7f7 !important;}&#8221;][vc_column_text]<\/p>\n<ul>\n<li><strong>$16 million savings <\/strong>captured in Wave 1<\/li>\n<li>Built world-class procurement team<\/li>\n<li><a href=\"https:\/\/www.spendhq.com\/\">Implemented leading spend analytics solution<\/a><\/li>\n<\/ul>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;2px&#8221;][vc_separator][vc_column_text]<\/p>\n<ul>\n<li><strong>$15 million savings <\/strong>captured in Wave 1<\/li>\n<li>Implemented technologies and processes to track \/ sustain savings<\/li>\n<\/ul>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;2px&#8221;][vc_separator][vc_column_text]<\/p>\n<ul>\n<li><strong>$13 million savings <\/strong>captured in Wave 1<\/li>\n<li>Transformed Procurement function through redesign, recruiting, and training<\/li>\n<\/ul>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;2px&#8221;][vc_separator][vc_column_text]<\/p>\n<ul>\n<li><strong>$13 million savings <\/strong>captured in Wave 1<\/li>\n<li>Transformed Procurement through redesign, recruiting, and training<\/li>\n<\/ul>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;3px&#8221;][vc_separator][vc_column_text]<\/p>\n<ul>\n<li><strong>$7 million savings <\/strong>captured in Wave 1<\/li>\n<li>Established processes and reporting to track savings to P&amp;L<\/li>\n<\/ul>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;6px&#8221;][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=&#8221;20px&#8221;][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row&#8221; bg_type=&#8221;bg_color&#8221; enable_overlay=&#8221;enable_overlay_value&#8221; overlay_pattern=&#8221;08.png&#8221; overlay_pattern_opacity=&#8221;30&#8243; el_id=&#8221;CALL TO ACTION&#8221; bg_color_value=&#8221;#06406b&#8221;][vc_column][vc_empty_space height=&#8221;35px&#8221;][vc_single_image image=&#8221;6983&#8243; alignment=&#8221;center&#8221;][vc_column_text]<\/p>\n<h3 style=\"text-align: center;\"><strong><span style=\"color: #ffffff;\">Ready to Cut Costs But Don&#8217;t Know Where to Begin?<\/span><\/strong><\/h3>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;25px&#8221;][vc_column_text]<\/p>\n<p style=\"text-align: center;\"><a class=\"button button-blue hover-yellow\" href=\"\/contact\/\">Talk to Us About An Assessment <i class=\"fa fa-angle-right\"><\/i><\/a><\/p>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;50px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<div class=\"wpb-content-wrapper\">\n<p>[vc_row full_width=&#8221;stretch_row&#8221; bg_type=&#8221;bg_color&#8221; el_id=&#8221;HEADLINE&#8221; bg_color_value=&#8221;#06406b&#8221;][vc_column][vc_empty_space height=&#8221;60px&#8221;][vc_column_text]<\/p>\n<h1 style=\"text-align: center;\"><strong><span style=\"color: white;\">Spend Assessment<\/span><\/strong><\/h1>\n<h3 style=\"text-align: center;\"><span style=\"color: white;\">Actionable Roadmap to Savings Acceleration<\/span><\/h3>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;60px&#8221;][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row&#8221; el_id=&#8221;SUB-HEADER STATEMENT&#8221;][vc_column][vc_empty_space height=&#8221;50px&#8221;][vc_column_text]<\/p>\n<h3 style=\"text-align: center;\"><strong>Spend Assessments <\/strong>are the ideal starting point for any organization looking to achieve their savings objectives.\u00a0<\/h3>\n<\/div>\n<p>  <a class=\"more-link\" href=\"https:\/\/www.insightsourcing.com\/spend-assessment\/\"><\/a><\/p>\n","protected":false},"author":46,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-templates\/full-width.php","meta":{"content-type":"","footnotes":"","_links_to":"","_links_to_target":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.9.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Spend Assessment &amp; Cost Savings Roadmap | KGM Strategy Group<\/title>\n<meta name=\"description\" content=\"A Spend Assessment from KGM Strategy Group is the ideal starting point for any organization looking to achieve their savings objectives.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.insightsourcing.com\/spend-assessment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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