1 / 6

How to track indirect savings

ud83dudca1 How do you track cost avoidance in procurement? ud83dudccaud83dudcb0<br>Use should-cost analysis & AI-driven benchmarks to compare supplier quotes effectively! ud83dude80<br>ud83dudd17 Learn more: https://medium.com/@AIMDRIVE-IT/how-to-track-indirect-savings-2e31beda9ff1<br>ud83dudd17 https://aimdrive.com/?utm_source=documents&utm_medium=document&utm_campaign=document_submission<br><br><br>#Procurement #CostSavings #SpendAnalysis #AI

AIMDRIVE
Download Presentation

How to track indirect savings

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Q &A

  2. HOW TO TRACK INDIRECT SAVINGS QUESTION: HERE’S THE SITUATION; I’M GIVEN CERTAIN ITEMS FROM ENGINEERING TO QUOTE AND I’M NOT GIVEN AN PREVIOUS OR EXPECTED COST — IF I DO A FINE JOB QUOTING THE PART(S) OUT AT MULTIPLE SUPPLIERS AND FIND SIGNIFICANT VARIABILITY WITH PRICE HOW TO DO I OR CAN I REPORT ANY COST AVOIDANCE? THANKS FOR YOUR REPLIES

  3. AIMDRIVE-AI SOLUTION: When there’s no previous or expected cost for an item, tracking cost avoidance can be tricky. One way to measure savings is by comparing quotes to an industry should-cost — especially for items never purchased before.

  4. AIMDRIVE-AI SOLUTION: AIMDRIVE-AI helps by generating a should-cost estimate in real time, providing a benchmark price for reference. If the item has been purchased before, a price analysis can reveal whether costs have increased, decreased, or remained stable over time.

  5. AIMDRIVE-AI SOLUTION: This method offers a clear benchmark for what should be paid today, helping to identify and report cost savings or cost avoidance opportunities effectively.

  6. AIMDRIVE-AI SOLUTION: ? AIMDRIVE-AI: https://aimdrive.com/ AIMDRIVE-AI

More Related