Realisation of Savings

How do I know what savings we achieve?

The success of the project is founded on the savings achieved and Compleat captures the savings on every order raised, based on the captured prices currently being paid and the savings made through the Compleat Buyers Group.

The Detailed Review process captures, reviews and reports on:

• Purchase invoice line item detail and current prices for a 1 - 3 month period
• Contract and term agreements and current prices
• Estimated annualised spend based on supplier turnover reports and profit and loss report
• Quantification of immediate potential savings for the same or equivalent goods and services
• Quantification of potential savings that require further investigation or are specific to each organisation
• Identification of the Compleat Buyers Group suppliers that deliver the relevant goods and services
• A "kick off meeting" that quantifies the maximum savings achievable with minimal effort which are incorporated into the initial implementation and training plan
• The implementation process "turns on" the relevant supplier's catalogues and the users are restricted to utilising just the nominated suppliers to maximise savings
• Ongoing review meetings to achieve more savings over time

Compleat retains the current costs of goods and services of each client within the catalogue items and the resulting savings are accumulated at a line by line level on every purchase order raised for reporting purposes.