Spend Analysis

Spend Analysis is a valuable process that will highlight ways you can save money in procurement. Our specialists can analyse your expenditure data, produce recommendations and help you implement an action plan.

How does it work?

Step 1: Spend analysis

We partner with Exor Management Services and Experian to bring you this empowering process. We’ll analyse your expenditure and give you a full analysis of your spending.

Step 2: Action planning

Our specialist will identify money-saving, such as highlighting who is overcharging and how you can save by moving from multiple to single supplier framework agreements.
We then work with you to develop an action plan targeting priority cost savings.

Step 3: Consulting support and implementation

We can:

• Coach your key staff members
• Guide you through appropriate framework agreements
• Identify local opportunities to establish framework agreements with other organisations
• Train you in supplier negotiation
• Advise you on using tenders to select suppliers
• Explain the merits of procuring as a consortium.

For more information about this product or to discuss a custom solution for your organisation, please email products@lsnlearning.org.uk or call us on +44 (0)20 7492 5000.