CPO savings

The Procurement Savings Management Software

procurement savings methodologies
Manage your procurement cost reduction programmes
Procurement icon
cost reduction plan
savings spreadsheet
manage end to end procurement savings process

Feed the procurement savings pipeline

Better than Excel for procuremen savings management

Break free from your Excel savings tracker

Admin burden, mistakes, and over reliance on the person that built the spreadsheet make Excel unworkable with a dispersed procurement team

Procurement process improvement

Standardise your process
for procurement savings

Rollout cost reduction processes, standardise savings methodology, implement validation and savings approval workflow

CFO believes procurement savings

Deliver cost savings your CFO believes and trusts

Increase your realised procurement savings with full programme visibility, pro-active tracking, live reporting, and cross-organisation buy-in

 

Maximise your procurement savings

 
Procurement cost reduction initiative managed in the system with the procurement savings pipeline

Savings Pipeline

Procurement savings pipeline software system

Capture all your procurement savings initiatives
and cost reduction opportunities

Build up your cost reduction programme with ideas from your team across your organisation.

 

The savings process begins with logging savings opportunities and projects from regular procurement activities such as spend analysis, opportunity assessments, contract management, category planning and supplier relationship management.

It takes just a few moments to capture a savings idea, and make a first forecast of the saving potential.  

Savings and cost reduction ideas

Project Plans

procurement saving activity

Forecast your procurement savings
and plan key cost reduction activities 

As your savings ideas progress to become projects you can plan in more detail.

  • Identify key procurement activities and timescales

  • Apply savings methodologies 

  • Determine cost savings and benefit distribution by category, function or business unit

  • Create baseline and forecast savings profiles

  • Maintain a project version history as things change over time 

Procurement baseline and forecast savings
Procurement project planning and management software with savings profiles better than using Excel
Procurement savings workflow and realised savings approval helps collaboration between procurement and finance

Approval and Workflow

Ensure all your savings are validated, realised and signed off

Procurement savings process workflo

Credibility of procurement savings is a really important aspect of running a cost reduction programme. 

Setting up approval and workflow processes that match how your organisation operates is key to driving the savings process, ensuring savings are realised and sustained, and maximising the procurement savings potential.

validated realised procurement savings software

Measure, Track & Report

Monitor your procurement performance
and track KPI with live reports

Procurement cost reduction kpi reports

Measurement is motivation. Having live, up-to-date reports of procurement performance, visible for the whole procurement team to view at any time is a great catalyst to maximising your saving potential.

 

Using a centralised system, with ongoing project updates makes reporting available on a constantly live basis.

 

Configure personalised views, custom reports and bespoke dashboards. 

Measure procurement performance software system
Procurement performance measurement reporting and kpi tracking drives higher procurement savings
procurement performance
CPO
best of breed procurement solutions
benchmark savings performance against procurement goals
real-time savings

"I get real-time procurement performance reports"

purchasing reports
Sourcing opportunities
Strategic savings plan
Sourcing pipeline dashboard
 
 
procurement software demo
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Organisations like yours reducing their procurement costs with Provalido
Procurement cost reduction project management software