Pareto Analysis of Purchases to Identify Cost Saving Opportunities
$79.95
A Pareto Analysis is an effective tool for identifying cost-saving opportunities in both direct and indirect ‘spend.’ By applying the 80/20 rule, companies can focus on the top 20% of categories or suppliers that drive 80% of total spend.
This targeted approach helps prioritize sourcing efforts, renegotiations, and process improvements where they will have the greatest financial impact. For direct spend, it highlights high-cost materials; for indirect spend, it uncovers inefficiencies and standardization opportunities.
The result is a more strategic allocation of resources, enabling procurement teams to reduce costs and improve performance with data-driven decision-making.
Products Include:
The price includes links to everything you need to use the form(s). The forms, explanation, examples, and the link download(s) are located in your account under Digital Forms.
Pareto Analysis of Purchases to Identify Cost Saving Opportunities
Purchase now and get immediate access the file
$79.95
