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Actionable spend insights with Orpheus

We help companies unlock value by leveraging their purchasing to provide actionable insights that enable continuous impact in procurement. By combining services and software, we elevate the focus of spend analytics to guide procurement strategy development and execution.

Orpheus tackles typical challenges in procurement, including poor spend data quality, dispersed data, or unsustainable data. Our solutions harmonize and consolidate spend views across multiple enterprise-resource-planning (ERP) systems, geographies, sites, subsidiaries, and systems to create a “single source of truth” for organizations in their entirety.

Enriching data with our external sources creates holistic and actionable insights, while our standard, automated workflow accurately tracks and measures value from procurement initiatives. With two decades of procurement and finance data analytics experience, we’re able to transform spotty, fragmented, and distributed data into easy-to-read, fully transparent trends with our innovative spend analytics suite.

How we help clients

Full spend transparency

Our solutions provide connection to an unlimited number of data sources and processing capabilities to achieve spending transparency clear understanding down to the line-item level, with an average of 95 percent spending classified.

Rapid insight generation

Our state-of-the-art analytics allow us to help companies leverage and identify short-term saving opportunities with a fast ROI by creating category-specific, in-depth insights into direct- and indirect-financial categories.

Data enrichment with category expertise

Our services enable companies to enrich their spending data with finance, marketing, sales, risk data, and market indexes for more granular visibility; perform savings, linear-performance pricing (LPP), and cleansheet analyses for key spending categories; and uncover quantified total cost of ownership (TCO) for procurement.

Value generation

Our team tracks savings initiatives and proves the impact of introduced measures on profit and loss statements.

Featured Capabilities

Orpheus product & service offering enables data-driven decision making and impact realization

Orpheus Portfolio

Transparency

Single Source of Truth

Extract, ingest, and transform data from multiple source systems and external data sources to create a single source of truth that can be easily updated.

Data Cleansing & Categorization

Leverage our Global Supplier Knowledge Base and a Data Categorization Engine to significantly improve data quality, accuracy, and validation of the Single Source of Truth.

Insights

Spend & Opportunity Analytics

Drive insights and ideas, while mitigating exposure and risk by applying footprint, pattern, and both consistency and inconsistency analysis across different user journeys around spend data.

Extended Combinatorial Data Analytics

Take actions to mitigate supply chain disruptions, ensure alignment with corporate sustainability goals, and respond to market trends in a timely manner based on real insights.

Carbon & Sustainability Analytics

Analyze and optimize emissions baselines and increase impact beyond savings by enriching reporting with sustainability data.

Category Strategy & Market Analytics

Determine the most impactful actions to optimize spend by leveraging category-specific transactional data.

Impact

Integrated Impact Management

Identify, plan, manage, and monitor sourcing and savings initiatives and help clients implement them with built-in link to spend data.

Managed Insights Services & Capability Building

Building on our leading software products, we offer our clients the opportunity to develop their skills by applying a comprehensive suite of analytics to drive value.

Example of our Impact

Savings opportunities identified for a consumer goods company

Orpheus helped refine spend categorization for a European food manufacturer to 94 percent at L4 and achieve 44 percent reduction in suppliers' names. This enabled bundling potential and savings opportunities of 3 to 5 percent of their spend.
Read more impact stories

Featured Experts

Bill Wiseman
Senior Partner, Seattle
As a senior partner in our Seattle office, brings innovation to client service through new management science for technology and...
Björn-Uwe Mercker
Partner, Munich
Focuses on procurement and value-capture transformations and leads Orpheus, a McKinsey company, to help clients improve their...
Raman Julka
Senior Solution Leader & Associate Partner, New York
Advises on digital procurement transformations and the implementation of digital procurement solutions, including Orpheus, a McKinsey...

Featured Insights

Article

Building resilience through procurement analytics
– New tools can help companies crisis-proof their supply chains. To implement the technology at scale, companies can focus on four key priorities.
Article

The role of spend analytics in the next normal
– The COVID-19 pandemic has proven that procurement functions can deliver at speed. But how can they also ensure that they’re spending wisely?
Blog Post

Why we acquired a company that specializes in spend analytics
– How our new software as a service offering turns a complex and undervalued aspect of procurement into an exciting source of value creation.
Blog Post

A new approach to digital procurement—Orpheus, a McKinsey company
– The role of spend analytics and the procurement function is changing.

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