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Price Reduction savings levers Overview

Sourcing  Using an e-sourcing platform and prescribed processes, you can obtain maximum savings
Better unit on the spend that is already managed by your Sourcing team (looking at both indirect and
price $24.3M direct)

 Generate savings by strategically managing spend that is not currently under the
Sourcing management of your Sourcing team but should be. Leveraging the strategic sourcing
Increased platform, your processes are streamlined and simplified which frees up time across the
capture source to contract to supplier registration process for your team to take on more strategic
$4.4M activities.
$30.5 million Tactical

Total price reduction savings Sourcing  Generate savings through spot sourcing or spot quotation of non-contracted spend
through an automated two bids and a buy process
Buying $0.5M

Dynamic Rate  Rates may be configured to provide visibility into bill rate, pay rate and markups to enable
Management in-depth visibility of what is paid to enable price reduction opportunities leveraging tenure,
$0.9M volume and overtime discounts

Reduced
Project Costs  Reduce project costs via real-time data by preventing costs over runs through better
$0.5M visibility

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