Optimize Cost
PIR has over 20 years experience of running both complex and more straightforward cost optimization initiatives. The ability to take out cost is a central part of improving any margin. With experience of more than 1000 projects PIR has attacked a majority of spend categories and fine-tuned levers for each of these. Our methodology for cost optimization is not just an elevator pitch, you get practical solutions, feet on the ground, and both top- and bottom-line result.
Spend analytics is an important tool for any organization looking to grow and succeed. By analyzing spend data, organizations can enhance their ability to make well-informed decisions, for example, by using spending insights to reduce unnecessary costs and negotiate better terms with suppliers. PIR will support your organization in turning messy data into tangible opportunities through a proven spend analysis process. Our approach to spend analysis ensures thorough analysis, valuable insights, and identification of opportunities.
Read more about how we view Spend Analytics here
Opportunity assessment is essential for identifying and prioritizing potential areas for cost reduction and value creation within an organization. We use a proven value lever framework to perform a detailed analysis and identify opportunities for improvements and savings. With extensive experience, we support our clients in creating thorough assessments that enable our informed decisions, prioritization and allocation of resources to the most cost beneficial initiatives, and mitigation of risks associated with new initiatives.
Read more about how we view Opportunity Assessment here
Strategic sourcing is essential for organizations looking to optimize their procurement performance. It involves a comprehensive approach to managing purchasing activities, focusing on long-term partnerships with suppliers, total cost of ownership (TCO), and risk management. A professionally conducted sourcing process identifies best value on the market and builds a baseline for sourcing decisions. PIR’s strategic sourcing process has been proven in a large number of assignments in various industries and scopes, securing long-term benefits for the customer.
Read more about how we view Strategic Sourcing here
Value realization and profitability improvements are essential for any organization aiming to maximize its return on investment, optimize resources, and ensure sustainable growth. In today’s competitive market, it is not enough to merely implement strategies and solutions; organizations must actively measure and work with realizing the value derived from these initiatives. Our proven framework builds on a systematic approach that promotes ambitious goals and sustainable results.
Read more about how we view Value Realization here
Optimize Cost Engagements
Sourcing of Payment Solution
The client wanted assistance with conducting a sourcing project to reduce cost.
Industry: Telecommunications
Insourcing, vendor managment, and SaaS procurement in HR transformation
The client, driving a large-scale HR transformation, required support with replacement of several business-critical applications (e.g., HR admin, WFM, Payroll), insourcing of outsourced HR services and establishment of an internal Shared Service Center (SSC).
PIR was brought in to advice the program management team on sourcing related enquiries, vendor- and contract management, and to support the client in managing the strong dependencies between contract and deliveries to ensure a successful transformation.
Industry: Travel & Transportation
Print & Merchandise Sourcing
The client wanted to consolidate volumes and assure more competitive terms in future agreements.
Industry: Media & Entertainment,Private Equity
Insights in Optimize Cost
Insight
Spend Analytics
Why is Spend Analytics Important for My Organization? Spend analytics is an important tool for any organization looking to grow and succeed. By answering simple questions such as Who is buying?, What is being bought?, ...
Insight
Strategic Sourcing
Why is Strategic Sourcing Important? Strategic sourcing is essential for organizations looking to optimize their procurement performance. It involves a comprehensive approach to managing purchasing activities, focusing on long-term partnerships with suppliers, total cost of ...
Discover More Solutions
Transform Procurement
As the role of procurement continues to evolve, new approaches, processes and technology is required. We have an extensive experience in transforming sourcing and procurement organizations on strategic, tactical and operational level with clients that are leading organizations in their industry.