Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the acf domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/staging.acorn.works/wp-includes/functions.php on line 6121

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wp-migrate-db domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/staging.acorn.works/wp-includes/functions.php on line 6121
Value Analysis - Acorn PLMS Skip to main content

Value Analysis

Value Analysis is the systematic process in procurement to understand and optimize the total cost of ownership, identifying potential areas for cost reduction and efficiency improvements while ensuring quality, performance, and strategic objectives are met.

Level 1: Emerging

At an emerging level, you are beginning to comprehensively assess suppliers and products, identifying potential savings and opportunities in procurement to maximise overall business value.

Level 2: Proficient

At a proficient level, you are skilled in conducting Value Analysis within the Procurement process, effectively identifying cost-saving opportunities and increasing overall value for the organization through strategic decision-making and negotiation.

Level 3: Advanced

At an advanced level you are able to perform complex value analysis within the procurement process, identifying cost-saving opportunities, maximizing value for money, and driving continuous improvement in supplier relationships.

Where is this capability used?

icon

Procurement