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Boost Margins With Improved Control Over Global Spending
HP believes there are three key tenants when it comes to successfully outsourcing procurement activities:
- Sourcing needs to be synonymous with realized and not just identified savings
- A strong compliance program is required to achieve your savings targets
- Technology needs to meet your unique requirements not what suppliers are selling, but at the same time you need the option to determine if an ASP model could meet your needs
Roadmap to savings with HPās Procurement Services
Our approach and capabilities provide savings opportunities throughout the procurement process:
Increased Spend Visibility- Identifies the possible 10ā15% in savings and compliance opportunities by aggregating and enhancing spend data regardless of the source(s)
- Identify and unlock the savings opportunities across all purchases with customized reports and more robust analytical approaches and tools
- Drives 10ā15% savings from addressable spend, while driving key strategies throughout the supply base
- Using spend analysis as a roadmap, we help create strategies to identify potential savings and other category opportunities using trend analysis, benchmarks and market research, while aligning to overall business objectives.
- Delivers savings targets of 3ā6% of your in-scope spend through compliance to negotiated contracts and channels.
- To operationalize contracts, the end-to-end process is defined, communicated and enforced on an on-going basis to enable improved channel, PO and Supplier compliance.
For more information about what HP Enterprise Services can do for you, submit a business inquiry.
