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Rapid Procurement Contract Insights (RPCI)
Review and optimize existing professional services contracts, to implement strong contract governance and uncover significant cost savings
Rapid Procurement Contract Insights (RPCI)
RPCI diagnostics captures significant value through optimization of existing professional services contracts
What it is
RPCI is a rapid top-down approach to review procurement contracts, Statement of Work (SOW) and Service Level Agreement (SLA) to assess contract health and identify improvement opportunities through a business and procurement lens.
This approach is suitable for:
- Existing contracts
- Contract assessments as part of merger management
- Contract drafts
Check out a demo
How RPCI uses McKinsey’s Doc-IQ tool to rapidly scan contracts
How it works
What the output looks like
Executive summary with key findings of procurement contract diagnostics
Structured assessment of contract along around 100 criteria
List of actionable improvement opportunities
Quantification of savings potential associated with identified shortcomings in terms and conditions
RPCI has delivered
~200
client deployments since 2016
150–300
contracts reviewed annually
Typical impact seen by clients
10–20%
potential cost savings
Strong contract governance
creating clear responsibilities
Here are some client examples
25%+ cost savings across 4 vendor contracts at a leading consumer electronics player
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Cost savings of 15%+ on annual contract value was realized at a leading bank
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By working with us, you will have access to
Experts
Our industry and functional experts will be on the ground where and when you need them.
Helpdesk
Our helpdesk will keep doors open and commit to addressing your concerns efficiently and effectively.
Training
We offer coaching and build capabilities for your teams to deliver sustained improvements.
Implementation
We partner with you and co-create a firm path to implementation as part of the project.
