Business Brainstorming

SERVICES

We offer a variety of services to ensure we maximize the value of your business. We strategically analyze your industry and suppliers to provide you the most relevant services that will create Fortune 500 level savings at a fraction of the cost.

SCOPE OF SERVICES

Innovate partners with clients to deliver best-in-class procurement through project initiatives and outsourcing. To achieve the best ROI for our clients, our approach centers around spend analysis tailored to your needs in order to identify areas for strategic savings and outsourcing opportunities to implement procurement systems that promote profitability.

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STRATEGIC SOURCING

Create savings plan, negotiate better terms with suppliers, and project ROI

Design sourcing strategies for high profile saving opportunities

Lead commercial process by partnering with your internal stakeholders to guarantee recommendation aligns with your business culture

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KEY DIFFERENTIATORS:

Over $40 billion accomplished deals


$7 billion realized in savings, serving various industries


70% lower rates and better results than closest competitors


Technology, project implementation, professional services, travel, outsourcing and other savings ranging from 9%-57% and over


We are not your typical consultants, we stick around and ensure results.

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RISK, OUTSOURCING, CONTINUITY, AND CONTRACTS

Support outsourced initiatives and ensure realization of established goals

Understand contract structure, supplier risk evaluation/BCP and expirations

Provide detailed contract review in client’s interest

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SUPPLIER PERFORMANCE

Design and implement key supplier performance metrics and publish results

 

Monitor and drive improvement plans and QBR design

 

Objective management based on contract specifics

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BUYING & CATALOGS

Support daily BAU activities, PO processing in line with strategies

Spend monitoring according to performance, while flagging commercial issues

Ensure timely order execution from initiation to payment

Catalog creation

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DATA, SYSTEMS, ANALYTICS, AND REPORTING

Establish accurate, timely and useful KPIs/SLAs based on reporting structure

Run analytics and produce results based on established cadence and policies

Establish current and future process flows to target inefficiencies 

 

PROVEN RESULTS

ACTUAL EXAMPLES OF ACCOMPLISHED DEALS

Travel resourcing:  $8M annual spend -> $1.1M savings including establishment of preferred hotels and airline partners along with booking fee elimination

Servers:  $36M annual spend -> $7.4M savings including cost avoidance and operating lease incentives to conserve cash flow along with system renewals

ERP implementation:  26 week timeline reduced to 14 week implementation and system launch on schedule and on budget with $600K implementation reduction

Legal expenses:  rate card establishment resulting in $600K annual cost reduction

Cataloguing and fixed consumables pricing:  $9M annual spend with $2.2M savings through consolidation, supplier BCP and price locks (budgeting and ordering)

Software:  $22M annual spend with $6.7M savings including cost avoidance based on software pull aheads and licenses management/utilization

Outsourcing:  payroll and parts of procurement for a major Fortune 500 customer with 32% NPV savings

 

Benefits:  reduction of $22M for combined PEPY and higher coverage

Data Protection and BCP:  $18M annual spend with $3.7M benefit based on data protection, risk mitigation and efficiencies