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Your Business Objectives and Initiatives

Your Business Objectives and Initiatives. Continuous & disciplined approach to cost management Grow without huge increase in headcount. Cost Reduction. Actionable visibility over company wide spend Adequate process documentation / audit trail Manage supplier and AP risk. Risk Management.

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Your Business Objectives and Initiatives

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  1. Your Business Objectives and Initiatives • Continuous & disciplined approach to cost management • Grow without huge increase in headcount Cost Reduction • Actionable visibility over company wide spend • Adequate process documentation / audit trail • Manage supplier and AP risk Risk Management • Drive out cost quickly from newly acquired operations • Ramp up new stores / operations quickly Speed of Business This is a template…customize for your situation….

  2. Establish Measurable Success Metrics This is a template…customize for your situation….

  3. Critical Metrics for Source to Pay Source Procure Pay • % of suppliers with 80% spend • Tail spend as % of overall spend • Contracted spend as a % of overall spend • % of spend through preferred suppliers • % of spend through auctions and events • # of active catalogs • # of active contracts • # of active suppliers • % of spend under management (i.e. buying at negotiated prices and terms) • Lost savings because of contract non-compliance (%) • % over / under budget • Cost of processing PO • PO processing cycle time • % of PO sent electronically • Early payment discount capture (%) • Cost of processing an invoice • Invoice processing cycle time • % of Invoices received electronically • % of incoming invoices with inaccuracies This is a template…customize for your situation….

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