Category Strategy & Advisory

Insight Analytics is a technology-enabled managed service that brings big data and analytics to Procurement. We leverage state-of-the-art procurement category analytics and automation to stop savings leakage and uncover incremental value for our clients.

What
We Do

After sourcing, up to 30% of procurement savings evaporates for a myriad of reasons – whether due to pricing overcharges, “maverick spending”, supplier non-compliance, supplier gamesmanship, or limited savings tracking. Without a plan for savings tracking and sustainability, negotiated cost savings are at risk.rn

rnBy mitigating savings leakage and uncovering incremental value in spend categories, Insight Analytics’ clients can ensure best-in-class savings outcomes are sustained over time. The process of analyzing procurement data, garnering insights, and executing action plans is highly complex, so we have developed a proven approach to driving bottom-line savings through data-driven category analytics.

How
We Help

Insight Analytics partners with companies to drive savings to the bottom line by minimizing pricing errors, driving compliance, and capturing incremental savings on an ongoing basis. Tracking savings, preventing savings leakage, and driving incremental value are three ways Insight Analytics helps businesses and procurement organizations succeed.

Approach

Our Approach to Procurement Category Analytics

Insight Analytics utilizes a three-phase approach to convert Analysis into value-generating Insights and Actions that result in real, tangible value. By leveraging our proven approach, Insight Analytics’ clients can realize an average of 400% – 1000% return on investment while offloading the hard work of data analytics and focusing on the most strategic parts of their businesses.

Analysis Insight Analytics aggregates, cleans, and normalizes big data from multiple data sources into one succinct data warehouse. Then, we apply a robust suite of deep procurement data analytics, uniquely customized to each spend category and client environment.

rnResult

rnWe take on the analytical heavy lifting and enable your team to focus on working strategically with your external suppliers and internal business stakeholders.

Insights Insight Analytics leverages the ‘clean’ data to create proprietary dashboards that visualize the data and identify meaningful insights and savings opportunities. Then, our procurement experts review the dashboards, metrics, and KPI’s, to confirm operational feasibility.

rnResult

You and your team are equipped with data-driven insights so you can focus on quick-hit savings as well as long-term initiatives to fuel your business for years.

Actions Insight Analytics develops and regularly presents ongoing action plans to attack savings leakage and maximize your incremental savings opportunities. Then, we actively manage the implementation process to ensure that the full value is captured.

rnResult

We partner with you to execute and implement action plans so that your identified savings become realized value accruing straight to the P&L bottom-line.

Ready to Accelerate Savings and Procurement Performance?

We have performed over 5,000 sourcing projects since our firm’s inception. Please contact us to ask a question or leave a comment.