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Procurement Optimization
Improving procurement practices can drive rapid bottom-line growth. And with the right tools and spend disciplines in place, savings can be sustained year after year.
Opera has successfully worked with hundreds of clients, and across all major spend categories, around the world. Our proprietary Insight Cube technology, negotiating and bid management expertise, and spend benchmarking databases yield rapid and significant savings – typically 15-20% – across a broad range of categories. We often work under rewards-based fee arrangements.
Insight Cube technology provides MRI-like visibility into spending with extraordinary speed and precision. Power Cubes allow us to look across the totality of spend, while Precision Cubes yield deep insight and visibility into specific categories.
Our procurement services are highly flexible and customizable for many different types of clients, spend bases, categories, and sectors – including service firms, manufacturers, and governmental entities.
Our engagement models fit the needs of medium-sized enterprises and private equity firms, who value our turnkey approach and our “low-noise” ways of gaining a complete, integrated view of spend. They also appreciate our speed to money – 4-6 weeks for Power Cube creation, and tangible results in 3-4 months – as well as our flexible fee arrangements that include gain-share options. Clients with large, sophisticated purchasing organizations also benefit from our capabilities, because even in the best-run organizations, a significant portion of the spend base cannot be fully addressed by existing procurement techniques. Opera’s technology and expertise dramatically increase addressable spend by enhancing visibility with Power Cubes and Precision Cubes, creating negotiating opportunities in low-leverage situations and implementing new operating models such as outsourcing.
We are a “beyond end-to-end” service provider. Projects typically include a change management plan along with tools and tracking technologies. And we license our Insight Cube technology, which contains built-in logic that automatically categorizes new data correctly. This allows clients to continually add and track new spend data with very little additional effort. Insight Cubes are as easy to use as a basic spreadsheet program, so clients themselves can continue to obtain visibility and capture ongoing savings.
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