Not every procurement challenge needs a procurement consultant… sometimes all you need is the answer to a question or a template to point you in the right direction. Please feel free to use or share these resources as needed.
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Savings Calculation Formulas
Procurement savings refer to the cost reductions achieved through various procurement activities and strategies, but… regardless what lever is pulled to generate the savings one or more of these methodologies can be used to calculate the benefit.
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Savings Baseline Methodology
A procurement savings baseline is a reference point used to measure cost savings achieved through procurement activities. It is typically established based on historical spending data, market benchmarks, or projected costs without any current procurement interventions. By comparing the costs after procurement intervention to the baseline, organizations can quantify the savings achieved through various procurement…
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Procurement Dictionary
Procurement terms are not difficult, but sometimes words have slightly different meanings than they do in other parts of the organizations. This page is here to help you understand the nuances of procurement speak.
