Plan, forecast, and measure the impact of savings initiatives and more

Impact & Savings Tracking is a project management system for sourcing initiatives. It allows you to identify, plan, manage, and monitor all sourcing initiatives. The real-time monitoring mechanism enables an up-to-date overview of all planned, achieved, and forecasted savings.

Relaunching Orpheus Impact Tracker on a new platform

Our new offering, ‘Impact Tracker powered by Wave’, brings together Orpheus’ procurement expertise and data intelligence with McKinsey’s modern platform technology. The cloud-based solution allows real-time editing, unparalleled reporting, and benchmarking of savings opportunities. It also allows us to support impact tracking beyond procurement and financial measures, successfully supporting other business functions such as supply chain and environmental sustainability.

More information about Wave by McKinsey

THE MOST VALUABLE BENEFITS

Proactively demonstrate value contribution

Built-in savings guidelines and structured documentation helps demonstrate procurement’s value contribution

Proactively demonstrate value contribution

Built-in savings guidelines and structured documentation helps demonstrate procurement’s value contribution

Get holistic controlling capabilities

Solve savings reconciliation with P&L by leveraging multi user support and built-in approval workflows

Get holistic controlling capabilities

Solve savings reconciliation with P&L by leveraging multi user support and built-in approval workflows

Automate performance measurement

Real-time monitoring of procurement performance metrics and initiatives

Automate performance measurement

Real-time monitoring of procurement performance metrics and initiatives

React in a timely manner

Identify deviations between plan, forecast, and actual figures and take appropriate counter measures in time

React in a timely manner

Identify deviations between plan, forecast, and actual figures and take appropriate counter measures in time

Consider external indices

Integrate custom external data sources and leverage cost driver analyses to measure market outperformance

Consider external indices

Integrate custom external data sources and leverage cost driver analyses to measure market outperformance

Achieve savings pipeline transparency

Through innovative visualization, user interface, and intuitive process workflows for increased user adoption

Achieve savings pipeline transparency

Through innovative visualization, user interface, and intuitive process workflows for increased user adoption

Would you like to learn more about how Orpheus solutions can help your organization?

Would you like to learn more about how Orpheus solutions can help your organization?

Key features

Orpheus, a McKinsey company - Impact Tracker
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Get a real-time overview of all sourcing initiatives in procurement

View each initiative’s current status including potential and realised savings, milestones, and responsibilities and react to deviations in time.

Orpheus, a McKinsey company - Impact Tracker
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Apply a five-level implementation process and milestones

Monitor the level of each initiative’s progress with an intuitive five-step implementation plan—from identified opportunity to realized impact.

Orpheus, a McKinsey company - Impact Tracker
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Intelligent, mature, and deeply integrated into Orpheus data backend

A solid and reliable data foundation and constant exchange with Orpheus’ data backend ensures always up-to-date insights and progress steps.

Orpheus, a McKinsey company - Impact Tracker
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Automatically measure and track savings by categories

All KPIs are constantly being recalculated and you can zoom into focus categories and responsibilities to prioritize or de-prioritisze certain initiatives.

Orpheus, a McKinsey company - Impact Tracker
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Reliable templates for savings planning and approval processes

Our sophisticated templates for initiative creation help you identify, initiate, and accelerate opportunity management.

Orpheus, a McKinsey company - Impact Tracker
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Track other domains such as sustainability or supply chain

We offer you the opportunity to not only track and monitor procurement initiatives, but also affiliated domains such as sustainability and supply chain.

Impact stories

DataCategorizer - Overview Orpheus Semantic Data Management

Advanced Analytics &
Performance Management

As a partner of one of Europe’s largest manufacturers in the fast-moving consumer goods sector, we were able to classify 98% of the company’s external spend and reduce their active suppliers by 13% through semi-automated supplier consolidation.

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Advanced Industries: Effort reduction and savings identification

15% savings opportunities identified for indirect categories and 65% reduction in reporting time and end of month reconciliation for an advanced industries client in North America.

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Top-down savings through indirect index benchmarking

10-14% top-down savings opportunity identified for selected categories in the current operating model of a large European banking company.

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See all Impact Stories

Industries we serve

Orpheus, a McKinsey company - Industries - Retail and consumer goods

Retail & FMCG

High tech companies, apparel, and food manufacturers trust in our solutions for procurement value capture, and leverage arising savings opportunities for data-driven decision making to surpass set targets.

Orpheus, a McKinsey company - Industries - Public sector

Travel, Transport & Logistics

Various clients from the Travel, Transport, and Logistics space use our solutions in their cost transformation projects, savings identification, quality improvement, and fact-based strategy development.

Orpheus, a McKinsey company - Industries - Utilities

Utilities

Utility providers from across the globe use Orpheus tools to create spend visibility and generate unprecedented savings opportunities within services and MRO categories.

Orpheus, a McKinsey company - Industries - Finance & Insurance

Finance & Insurance

Organizations from the financial and insurances sector rely on our solutions to categorize their indirect spending, initiate category benchmarking, and identify savings opportunities.

Orpheus, a McKinsey company - Industries - Pharma

Pharma

We help life sciences and pharmaceutical organizations to identify and utilize hidden savings potentials within their globally dispersed procurement data streams in order to create actionable insights.

Orpheus, a McKinsey company - Industries - Manufacturing

Manufacturing

We have served advanced electronics, automotive, and machinery manufacturers across the world, supported large mergers in this sector, and managed to identify crucial savings opportunities through procurement synergies.

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