Cost Savings Identification
Procurement is typically an overlooked, but powerful way to drive cost savings. Harness the power of spend transparency to identify tangible savings for your organization. Dive deep into your data to unveil hidden opportunities.
Gain an end-to-end view of your spending and uncover insights that can directly lead to impactful savings.
Dive into ready-to-use insights built based on years' of experience with savings realization. Immediately identify areas for potential savings, without the exhaustive analysis.
Transform your raw data into actionable insights for better savings decisions. Identify where your money goes, and pinpoint areas for renegotiation.
Arm yourself with the necessary data to negotitate effectively with your suppliers. Combine supplier financials with your own data for unique supplier insights.
“To work strategically with procurement a precondition is to gain control over suppliers and spend.”
"Ignite fits perfectly with the need for live information in our indirect procurement processes for cost savings."
Customer success story
Solving contract and category complexity with the right procurement chemistry.
Because of recent company growth, Norled increased their focus on procurement and how they could work strategically to reduce indirect costs across the organization.
To makes this happen, Norled partnered with Ignite and KPMG to manage both suppliers and contracts in one place. They were also able to put a category structure and strategy in place.
See how Norled partnered with Ignite and KPMG to address their challenges.
Learn more about Cost Savings Identification
The procurement department has a unique opportunity to influence both top-line growth and bottom line results in the company. Here are 5 steps to identify and prioritize cost-saving measures that increase the likelihood of success.
Use this guide to get practical tips on how to ensure a successful renegotiation process.
Our goal is to empower responsible decision-making by giving you the insights and tools you need to unlock the potential of your supply chain.