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Integrated Impact ManagementMcKinsey & Company

A project and workflow management system for savings initiatives to identify, plan, manage, and monitor sourcing initiatives and ground them in reality with a built-in link to spend data.

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Product details

Plan, forecast, and measure the impact of savings initiatives

Integrated Impact Management is project management software for procurement savings initiatives and savings tracking that allows you to identify, plan, manage, and track savings initiatives and anchor them in practice with a built-in link to spend data. The real-time monitoring mechanism enables an always up-to-date overview of all planned, achieved, and forecasted savings. Its collaborative features facilitate better communication and collaboration among different teams within and outside of procurement, leading to more effective implementation and value capture. It also significantly reduces the administrative burden of generating reports and controlling. The pipeline transparency achieved allows for greater focus on value and a more proactive, strategic, and savings-focused procurement function.

Planning, forecasting, and monitoring initiatives

Our procurement savings tracking software seamlessly weaves together spend intelligence and initiative management in one collaborative, centralized platform. It allows you to execute all procurement projects and opportunities, stay updated, make timely decisions, and adjust priorities.

Proactively demonstrate value contribution

A built-in best-in-class savings guideline with tailored savings scenarios and levers to easily demonstrate procurement's value contribution.

Holistic controlling capabilities

Identify and execute opportunities and solve P&L reconciliation leveraging our spend cube and end-to-end tracking process.

Automate performance measurement

Real-time monitoring of procurement performance metrics and initiatives across the entire savings life cycle.

React in a timely manner

Identify deviations between forecasted and achieved savings and take appropriate countermeasures in time.

Integrated Impact Management built on Wave

Our proprietary, best-in-class program management platform embeds our procurement expertise and a variety of tactics including bulk purchasing, negotiated discounts, and streamlined processes, to help leaders drive sustained impact and cost savings across all categories and locations. It provides visibility into the procurement pipeline and directly leverages procurement data points from pricing, terms, and supplier performance, which can help buyers and category managers make more informed decisions and ensure they are getting best value for money. Through integrations with diversity, risk, and carbon data providers, our program management platform can help our clients identify and prioritize sustained saving options, reduce their environmental footprint, or mitigate risk by identifying potential issues with suppliers and ensuring they are meeting their contractual obligations. As a collaborative savings platform, it facilitates better communication and collaboration among different teams within an organization, leading to more effective and efficient procurement processes.