Are you buying what you need

or what they're selling?

Transform your procurement process with Predictive Benchmarking - the revolutionary approach that delivers 20-30% better cost of ownership in one-third the time of traditional RFPs.

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What is Predictive Benchmarking?

An open and transparent process that typically takes one-third of the time required for an RFP and can produce a 20-30% better cost of ownership than the RFP approach while identifying the best possible solution for the business.

True Cost Comparison

Predictive Benchmarks identify the best cost model of each comparable function, feature or component by vendor to compete at the industry best cost for each. A true apples to apples comparison.

Future State Modeling

We model a number of future state scenarios including growth and contraction by solution. Critical as one solution may be cheaper to acquire but cost twice as much to increase capacity.

The Philosophy

Transparent & Collaborative

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Unbundle vs. Bundle

Vendors Create Requirements

All participating vendors present in the same room for kickoff meeting
Generates improved solutions because of collaborative information sharing
Typically takes 1/3 of the time of an RFP
Typically drives a 20-30% improvement in cost of ownership compared to RFPs

Why use Predictive Benchmarking?

Traditional RFP
A waterfall project model
Good for commodity products but not solutions
Very rigid and not flexible
Often used to get two vendors and have them negotiate
Many vendors are declining RFPs because they can't show their full value
Predictive Benchmarking
An agile project model
SaaS products are perfect for PB because of the components and modules
A framework that has flexibility but takes a different mindset to manage
The negotiation happens as part of the process
Gives vendors solid feedback to lower costs, not just a request for better discount

Testimonials

"Greg Nogle had taught me so much during my 3 years at TransUnion! I LOVE Predictive Benchmarking and will never go back to traditional RFPs! The PB process not only simplifies the sourcing process the results are far superior and the stakeholders, suppliers and procurement professionals learn so much more during a PB than they would with a traditional RFP!!!"

Joshua Wright CPSM CPBSP

"Greg, this is super exciting! Congratulations! As a first hand PB practitioner, this is one of the most advanced sourcing practices with the focus on value creation taking win-win approach to manage complex negotiations using simple yet effective fundamentals you've designed."

Rahil Kharadi

"We applied the PB sourcing strategy/methodology to new categories in marketing which resulted in improved value delivered. This blueprint to manage competitive bids improved transparency by outlining the holistic business requirements benefiting both the client and the vendors."

Dan Briley

"A refined and time tested process that produces eye opening results! First hand witness here."

Amit Wadhwani

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Predictive_Benchmark_Project_Template_Blank_2023.xlsx
Predictive_Benchmark_Vendor_Analysis_Template_Generic_2023_(v0).xlsm
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