Cost optimization is our most common type of engagement and typically follows these steps:
1. Kick-off and scope definition
The engagement begins with a kick-off meeting where we review the supplier landscape, needs, requirements, objectives, and expectations.
Scope, priorities, and ways of working are defined and agreed upon.
2. Data collection and analysis
Based on a power of attorney, we collect relevant contract, pricing, and terms information.
The data is analyzed and benchmarked against market insights to identify optimization potential.
3. Supplier dialogue and negotiations
We conduct meetings and negotiations with both existing and potential suppliers, focusing on pricing, terms, contract structure, and long-term business value.
4. Presentation, decision, and implementation
Findings are consolidated and presented with clear recommendations.
Following decisions, we support implementation and ensure that agreed improvements are realized.