Opportunity Analysis

Supply Synergies’ Opportunity Analysis (OA) service provides an evaluation of a company’s category profile both quantitatively (spend analysis) and qualitatively (opportunity assessment). Conducted side by side for any or all categories, these analyses are extremely effective for prioritization and planning from cost reduction, risk mitigation, and scalability purposes.

We use an in-house process that will provide you the knowledge and understanding of your category profile allowing you to maximize all three of these critical business factors. Our simple OA process will also leave you with a better taxonomy structure and spend management capability for the future.

Supply Synergies is second to none for breaking apart and deeply analyzing category profiles of any type. See how our OA process works by using the Spend Analysis and Opportunity Assessment buttons below.

Spend Analysis

Spend Analysis Section - Supply Synergies

For a deep spend analysis, we partner with you using our 6-step spend analysis process which provides a sound methodology, clarity of requirements, and a comprehensive analysis of the spend under study. We focus on the true needs, best data sources, data integrity and sound analysis results.

Spend Analysis Step 1 - Define Data Needs
  • Categories
  • Timeframes
  • Geographical/
    Site Coverage
Spend Analysis Step 2 - Identify Sources
  • Electronic Data
    Sources
  • Contract Databases
  • Suppliers
Spend Analysis Step 3 - Data Collection
  • Data Systems
    Downloads
  • Stakeholder
    Interviews
  • Data Gaps
Spend Analysis Step 4 - Normalization & Classification
  • Data Corrections
  • Data Fields
    Classification
  • Taxonomy
    Enhancement
Spend Analysis Step 5 - Data Enhancement
  • Preferred Supplier
    Data
  • Supplier Parent/
    Child Data
  • Data Gaps
Spend Analysis Step 6 - Data Analysis
  • Categories
  • Timeframes
  • Geographical Site
    Coverage
Spend Analysis Step 1 - Define Data Needs
  • Categories
  • Timeframes
  • Geographical/Site Coverage
Spend Analysis Step 2 - Identify Sources
  • Electronic Data Sources
  • Contract Databases
  • Suppliers
Spend Analysis Step 3 - Data Collection
  • Data Systems Downloads
  • Stakeholder Interviews
  • Data Gaps
Spend Analysis Step 4 - Normalization & Classification
  • Data Corrections
  • Data Fields Classification
  • Taxonomy Enhancement
Spend Analysis Step 5 - Data Enhancement
  • Preferred Supplier Data
  • Supplier Parent/Child Data
  • Data Gaps
Spend Analysis Step 6 - Data Analysis
  • Categories
  • Timeframes
  • Geographical Site Coverage

Opportunity Assessment

The Opportunity Assessment provides not only the qualitative analysis of your spend profile, but also combines the quantitative and qualitative analyses for prioritized short-term and strategic planning purposes. The Opportunity Assessment adds evaluations of supplier importance to the core competency, business risk, internal and external difficulties, and savings potential. This provides a holistic view of the true opportunity.

Opportunity Assessment - Supply Synergies
Opportunity Assessment Step 1-Conduct Category Stratification
  • Category’s
    Importance to the
    Business
  • Two to Four
    Stratification Tiers
Opportunity Assessment Step 2 - Define Business Risk
  • Two Dimensional
    • Impact of Failure
    • Internal Relative
      Spend
  • Implications of
    “Failure” on
    Business
Opportunity Assessment Step 3 - Evaluate Internal Difficulty
  • Two Dimensional
    • Level of Internal
      Resistance
    • Internal Relative
      Spend
  • Measure of
    Stakeholder
    Resistance
    to Change
Opportunity Assessment Step 4 - Evaluate External Difficulty
  • Two Dimensional
    • External
      Obstacles to
      Change
    • Market Relative
      Spend
  • Competitive Forces,
    Technology,
    Bargaining Power,
    etc
Opportunity Assessment Step 5 - Estimate Savings Potential
  • Estimations of
    Savings Ranges
  • Inputs: all of the
    above
Opportunity Assessment Step 6 - Score & Prioritize Categories
  • Combines Qualitative
    and Quantitave
  • Rankings on an
    Ordinal Scale

The application of our quantitative and qualitative analyses to the OA will provide you with the most accurate immediate and strategic opportunities for cost savings and process improvements.

Please contact us to learn more how this valuable tool can take your organization to a more profitable and productive position.

Opportunity Assessment Step 1-Conduct Category Stratification
  • Category’s Importance to the Business
  • Two to Four Stratification Tiers
Opportunity Assessment Step 2 - Define Business Risk
  • Two Dimensional
    • Impact of Failure
    • Internal Relative Spend
  • Implications of “Failure” on Business
Opportunity Assessment Step 3 - Evaluate Internal Difficulty
  • Two Dimensional
    • Level of Internal Resistance
    • Internal Relative Spend
  • Measure of Stakeholder
    Resistance to Change
Opportunity Assessment Step 4 - Evaluate External Difficulty
  • Two Dimensional
    • External Obstacles to Change
    • Market Relative Spend
  • Competitive Forces, Technology,
    Bargaining Power, etc
Opportunity Assessment Step 5 - Estimate Savings Potential
  • Estimations of Savings Ranges
  • Inputs: all of the above
Opportunity Assessment Step 6 - Score & Prioritize Categories
  • Combines Qualitative and
    Quantitative
  • Rankings on an Ordinal Scale

The application of our quantitative and qualitative analyses to the OA will provide you with the most accurate immediate and strategic opportunities for cost savings and process improvements.

Please contact us to learn more how this valuable tool can take your organization to a more profitable position.

Get In Touch

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Address

Supply Synergies, Inc.
450 Egret Circle, #9504
Delray Beach, FL 33444

Phone

(203) 981-5506

Supply Synergies - logo

PROCESS & SUPPLY WORKING TOGETHER


Supply Synergies, Inc.

450 Egret Circle, #9504
Delray Beach, FL 33444
(203) 981-5506
info (at) supplysynergies (dot) com