Treya Partners Launches Supply IQ Test to Help Organizations Identify Where Data Gaps are Limiting Procurement's Value Creation Potential

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Self-assessment tool reveals where procurement teams lack critical decision-making information needed to generate cost savings

Treya Partners, a leading provider of procurement consulting services, today announced the launch of a free self-assessment tool that will uncover areas where an organization's procurement team is lacking critical information needed to create cost savings. The twenty multiple choice questions in the Supply IQ Test take only a few minutes to complete but when answered truthfully provide an insightful critique of procurement's ability to access important data such as category and vendor spend profiles, item level usage, price benchmarks, and trends in supply industry indicators such as raw materials cost and capacity utilization. Test results are delivered by email and include an analysis of data accessibility by area, a benchmark comparison against best practice standards of information availability, and prioritized recommendations for closing critical data gaps which may be preventing full potential savings capture. A link to the Supply IQ Test can be found in the footer of the Treya Partners website at http://www.treyapartners.com.

“While working with our clients we have observed that many procurement professionals know exactly what they need to do in order to identify and deliver cost savings but lack the decision-making information required to execute,” said Mark Usher, Partner at Treya Partners. “By asking targeted questions about what data is easily accessible today the Supply IQ test produces a snapshot of those information gaps that are preventing procurement from realizing maximum potential savings from the spend base. With knowledge of these gaps and their impact on financial performance an organization can plan and prioritize the steps that must be taken and in some cases the investments that must be made to allow procurement to meet its objectives.”

In addition to taking the test those interested in finding out more about what Supply IQ could mean for your organization can attend the webcast "What's Your Supply IQ?" on Thursday October 25, 2012 at 10:00AM Pacific Time. In this interactive webcast Mark Usher will discuss the concept behind Supply IQ and present examples of what industry leaders are doing to improve their access to high value procurement data. Mark will also be joined on the webcast by guest practitioners who will talk about their own experiences running procurement programs with varying levels of access to supporting data. You can find a registration link for the webcast in the footer of the Treya Partners website at http://www.treyapartners.com.

About Treya Partners

Treya Partners is a leading provider of procurement consulting services. Treya Partners was founded in 2006 by seasoned supply chain executives with experience in both consulting and industry but above all a belief in providing pragmatic, results-focused solutions to their clients. Since its inception Treya Partners has helped corporate, private equity and public sector organizations realize meaningful and sustainable bottom line cost savings through a comprehensive suite of services that include strategic sourcing, pre-negotiated contracts and procurement transformation. Treya Partners has served customers across a broad range of industries including but not limited to retail, manufacturing, financial services, healthcare, transportation, telecommunications, and state and municipal government. Treya Partners consultants have sourcing and category management experience in spend categories as diverse as IT hardware, telecom services, industrial supplies, office supplies and equipment, capital equipment, freight, commercial print, marketing, temporary labor, employee travel, employee benefits, business insurance, legal services, utilities, building leases, and numerous direct materials categories.

For more information including how to get a free procurement assessment, visit http://www.treyapartners.com

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