Explore solutions by selecting your industry
Explore solutions by selecting your industry
Industries
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A tool to benchmark performance on indirect spend categories in terms of both spend levels and underlying drivers – across geographies and business units, as well as against peer companies.
Do we spend too much on the category? Are our annual savings keeping pace with our peers?
Do we do enough to manage demand and optimize the supply base in each category?
What level of savings could be
possible from a targeted
category initiative?
In-depth indirect spend data survey with 1,600+ company entries from all major industries and geographies across the globe
Significant indirect spend coverage across 12 indirect spend categories which are further broken out into
50 subcategories
Extensive data granularity across 1,700 key KPIs that provide detailed quantitative performance benchmarks
Experience from 1,600+ McKinsey purchasing and supply management engagements over the last 5 years
Continuous benchmark updates on additional categories, sub-categories and KPIs
Survey introduction and sign-up Kick-off call with CPO, and the entire indirect procurement team
Survey details, scope, ground rules, deadlines discussed
Team completes benchmark survey and early results with live data
Regular touch points established for clarifications
Data request completed and submitted to Indirects Index team
Comments sheet submitted by Index Analysts indicating any errors or omissions
Final refinement of data request
Preview of feedback report sent to the company coordinator for validating results
Feedback report completed
Discussion of the survey results with the Indirects Index implementation team, e.g., in a workshop
clients served
unique indirect spend KPIs and
best practice benchmarks
data points of indirect spend data
Indirects index delivered 10% annual saving for a global hi-tech company
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Global consumer company realized significant cost savings and set-up for more
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Our industry and functional experts will be on the ground where and when you need them.
Our helpdesk will keep doors open and commit to addressing your concerns efficiently and effectively.
We offer coaching and build capabilities for your teams to deliver sustained improvements.
We partner with you and co-create a firm path to implementation as part of the project.