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It takes more then procurement to be considered world class in managing overhead and commercial expenditure.
 Building upon best practices and experience, Value Republic developed a Spend Management approach customizable to your company’s needs.
With spend management we mean the capability (tools, processes and organization) to make people spend responsibly. By sharing visibility, common understanding and accountability over spend throughout the organization we enable you to prioritize and optimize your expenditure.
Using the different blocks of the Value Republic Framework we define the focus areas for your company and assist you implement your best in class solution with you, not for you!
Listing all the reasons why you should optimize the way overhead and commercial spend is treated would bring us too far. Nonetheless, if you can’t answer the below questions positively we advice you to
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Do you have a common vocabulary and budget process, across all departments , for your overhead costs and commercial spend?
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Have you set out core cost management guidelines and do the business owners report diversion or exceptions.
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Does your budgeting process and tracking tools enable you to react swiftly to changes in the market without loosing sight on the impact on your bottom line?
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Do you have a perfect view on the indirect impact of your overhead on your top line growth or how this cost/revenue relation needs to be kept in balance?
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Identify priority areas (e.g. Financial/spend analysis based or Workshop based)
Analyze the AS-IS per spend area on the different dimensions through interview and existing KPI’s
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Identify different stages to reach ‘best in class’ status per area
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For each of the Gap closures we identify which actions need to be taken on the evolution path
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We actively support the implementation of the spend management framework while guaranteeing immediate return in combination with other departments of Value Republic
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The experience of our team members and the focused and complementary offering we put in the market, allows us to truly support a company with an end-to-end solution.
 Because we work with a company and not for a company we develop together with the client the path most suitable to the company context and its ever changing environment.
By complementing a spend management project with our procurement consultancy or the 2Source offering, we guarantee immediate return on investment, enabling a company to progress towards world-class at no incremental costs.
Not convinced about our capabilities yet? Below you find some resumes of dedicated Spend Management Resources:
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Mr. Verhulst has a degree in Commercial Engineering from UFSIA Antwerp. Prior to joining Value Republic he was member of the direction committee of AB-InBev Belgium as Planning and Performance Director. He joined AB-InBev in the procurement department as Global Procurement Director POCM after a consulting career of 7 years at Accenture, leading projects at international industry leaders as Japan Tobacco International, Masterfoods, Gillette, Unilever, Campina, Barry Callebaut, UPS and Fortis. Davy lead the implementation of Zero Based Budgeting principles at InBev for commercial spend.
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Sébastien Bals holds an MBA in Management and International Business. Prior to joining Value Republic he has held a variety of functions within international organizations such as Thomas Cook and Anheuser-Busch InBev. Most recently he was a member of the Management Committee of the AB-InBev Global IT and Business Services Department and played a key role in the post merger integration of Anheuser-Busch and InBev IT Procurement.
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