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HCKT_BIG.D
Accelerate Your ROI with Sievo Procurement Analytics

The Hackett Group, an independent research company, and Sievo collaborated to validate the ROI and savings of advanced procurement analytics

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A clear business case for procurement analytics solution with ROI proven by the numbers

$28.2M

Average incremental savings reported by Sievo customers post-implementation.

63x

Average return on investment realized, factoring both internal and external costs.

80%

Improvement in purchase cost reduction after adopting Sievo.

$165,000

Average internal resource savings per client through improved analytics efficiency, on top of post-implementation savings.

ROI of Sievo attested by real life customers, validated by the Hackett Group

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Icons with blue-78GLOBAL PHARMACEUTICAL COMPANY
 
  • $22M in total savings
  • 9% points higher spend classification coverage
  • 3% points higher spend savings
  • Enhanced decision support and business partnering

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GLOBAL MANUFACTURING & SERVICES COMPANY
 
  • $6.7M in total savings
  • 20% points higher classification coverage
  • Improved supplier negotiations and global agreements
 



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GLOBAL AUTOMOTIVE PARTS SUPPLIER

  • $55M in additional spend savings
  • 38% points higher classification accuracy
  • Closed major gaps in spend transparency across decentralized units

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A significant benefit of leading spend intelligence solutions is their ability to enrich, enhance, and incorporate anonymized cross-community data to uncover unique insights, trends and savings opportunities in a fraction of the time as traditional analytics tools.

Richard Gardner Sr. Director Market Intelligence, The Hackett Group

Unlock the savings levers of Procurement Analytics

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Category Data Improvement

Enhance the accuracy of spend classification, enabling better RFX execution, supplier negotiations, and tail spend management.
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Material & Supplier Data Improvement

Pinpoint price discrepancies and standardize supplier terms for greater savings and compliance.
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Analytics & Automation

Automate spend data processes—extraction, cleansing, enrichment, and reporting—freeing up IT and procurement resources for higher-value work.
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Actionable Insights

Leverage predictive and prescriptive analytics to identify and capture more savings opportunities, optimize category strategies, and improve contract compliance.
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Resource Efficiency

Empower category managers to create dashboards and correct data independently, reducing reliance on IT and accelerating decision-making.

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Our spend analytics platform is fundamental to understanding our spend, informing business partners, and making better, more proactive decisions.

Procurement Leader Global Pharmaceutical Company

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Sievo enabled us to have a uniform way of measuring success and identifying areas for cost reduction.

Vice President Global Commodity Leadership

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With Sievo, we have accurate information to identify negotiation opportunities and capitalize on cost-saving synergies.

SVP, Purchasing Global Automotive Parts Supplier

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Unlock your path to 63X ROI and millions in annual savings with Sievo

This whitepaper by The Hackett Group, provides actionable insights, real-world case studies, and a proven framework for procurement transformation.