Menu

Optimization of service provider management

Challenge

  • No transparency about cost for external services
  • Lack of reporting and controlling tools for external services
  • Unclear responsibilities for selected cost types
  • Heterogeneous structures

Service

  • Formation of cost cluster “External Services“ to harmonize the purchasing and finance perspective
  • Development of guidelines for retail-specific standards
  • Development of an evaluation model for consulting types, for better comparability of skills and prices
  • Creation and establishment of a governance-model for cost control
  • Monthly cost reporting of plan, actual, forecast and target values at management level
  • Creation of a methodology toolbox to reduce cost

Key data

  • Duration: 6 months
  • Scope of brief: 60 FTE
  • Sector: Financial services
  • Company Size: 10,000+ employees

Results

  • Sustainable reduction of consulting costs by implementing measures to avoid and reduce costs
  • Creation of a transparent and comprehensible cost control process from demand planning to reporting
  • Definition of cost types and responsibilities as well as committee deliveries and interfaces
  • Anchoring cost governance and transfer to line responsibility
  • Improve the role of purchasing in the company

Summary

  • Creating spend transparency for external services
  • Realization of cost reduction potential due to application of methods, standards and tools
  • Process compliance through establishment of cost governance

 

BackSave Project as PDF

Optimisation of purchasing of consulting services

Optimisation of purchasing of consulting services


For this German financial services provider, consulting services constituted one of their largest procurement categories…

Group demerger – focus on contracts

Group demerger – focus on contracts


In the process of separating from its parent group, this financial services provider wanted to…

Structuring of procedures and processes

Structuring of procedures and processes


In order to raise employee satisfaction in this group's purchasing division, standards were laid down…

Vendor Master Administration

Vendor Master Administration


The full responsibilty for the vendor master administration (VMA) was transferred to the Accounts Payable…

STÖHR FAKTOR Unternehmensberatung GmbH
Düsselstraße 4a | D-40699 Erkrath
Fon: +49 (211) 977 19 600
Fax: +49 (211) 977 19 520
info@stoehr-faktor.de
www.stoehr-faktor.de
×
This website uses cookies to make the website more user-friendly, effective and secure. By using this website, you agree to the use of cookies.