Fresh insights to pinpoint value in your cost base
The average business spends around 70% of its revenue with suppliers. But in today’s fast-paced business world, ensuring that money is consistently well spent can be challenging. Markets move, habits form, requirements drift, innovations appear, and soon, businesses are overpaying relative to market outcomes or both. Assessing the cost base using external insights into products, suppliers, pricing, and commercial models will typically identify immediate and material opportunities to improve costs.
“Proxima’s input was central to our cost base transformation. They gave us more ideas, fast delivery, and bags of credibility.”
You could be overpaying by 10% – 15% with no operational benefit
More so than ever, businesses need to have faith that money is being spent wisely and well, but such is the amount of money spent and the diversity of spending patterns. Inevitably, this is not always the case. It’s often not the fault of procurement teams, when contracts are let, they may reflect business needs and market costs at the time. But both move. Proxima’s Opportunity Assessment is designed to pinpoint where the opportunity is and how to realize it.
- Expert practitioner challenge and robust, data-driven insights
- Prioritised, actionable, initiatives for how to transform supplier costs
- A platform for strategic procurement and a plan to deliver the value
Starting you on your route to outperforming the market
We use teams of specialists to ensure that your team is meeting with peers who understand spend areas, can quickly assimilate data and context, and make informed challenges. Our data teams will work through spend and supplier data, and our practitioner experts will work with you to challenge and identify where different approaches can be taken or improvements can be made that will optimize costs, providing;
- Tailored assessments, ranging in depth and pace as relevant to you.
- Immersive and constructive challenge to help rethink the status quo.
- Evidenced report and delivery plan which can be immediately started.
