Whitepaper

Savings and cost reduction remain a top priority for procurement

This guide explains the 5 major approaches to cost savings in procurement. In addition, you'll learn how best to identify, measure, and communicate those savings to your organization.

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The complete guide to savings methods 

23 different savings methods are explained, from Hard Savings to Cost Avoidance, including:

  • Competitive tendering
  • Supplier benchmarking
  • Insourcing/ outsoucing
  • Payment term optimization
  • Maverick spend/ tail spend
  • Category structure
  • Cost avoidance, risk management...
  • and more! 
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Learn how to communicate savings to Finance

Sievo experts share tips and best practices on aligning savings calculations with Finance and others. Take your savings initiatives from "ideas to cash."

  • Learn about the Sievo Savings Bridge for visibility into savings performance.
  • Understand how to report Realized Savings accurately.
  • Get insights into how Sievo can aid you in your savings initiatives.
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Meet the authors

Saana Kivimaa (Product Manager, Savings Lifecycle) and Moramay Barinoff (Product Manager, Spend) are procurement savings experts with experience from P2P processes and analytics. Together with Atro Ranta-aho (VP, Values Enablement, Customer Success), these authors provide in-depth knowledge into all things savings.