Savings Calculator

 


eProcurement, Savings Calculator
To obtain an estimated savings Return on Investment (ROI), insert the requested data in the fields marked by a red asterisk, and click on Submit. The results are a comparative estimate based on actual Purchasing Assistant™ client history.
 
Note: Minimum required data necessary to obtain an accurate savings estimate*
  • Number of Cost Centers*.................................
  • Employees involved processing P.O. cycles.......
     (Product Requisition to Invoice payment by A/P)
  • Number of Purchase Orders / year ...................

        (Default calculation is based on 22 Purchase Orders
        per cost center, per year).
  • Supply Expense*.............................................

        (Annual office products, toner and printing expense). 

 

  • Administrative Expense ...................................
          (Default amount based on salary and time management
        studies by the DOL and Aberdeen Group).
 
   __________________________________________
  • Product Cost Savings ......................................

 
  • Administrative Cost Savings ............................


                                Monetary Savings ..................


                                Percent Savings .....................





 

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NOTE: This calculator is designed to project
estimated savings based on the total number
of Purchase Orders being generated by active
Cost Centers, on an annual basis.

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Product cost savings are based on price
discounts negotiated by using the collective
buying power of Purchasing Assistant™ clients.

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Administrative cost savings are based on
Department of Labor salary statistics for
employees who perform procurement tasks.

Time on Task measurement studies show that approximately 1.5 hour's worth of salary and overhead expense [for an average expense
of $92.00] is required to process the '6' basic
tasks necessary to process '1' Purchase Order.

The Aberdeen Group [Boston, MA] estimates
that over 58% in savings / Purchase Order
can result when using eProcurement systems.