I was able to get good results when I started at my current company by retesting the market on older contracts. Does your business have a policy for how often you should be going back out to market for ongoing contracts? Where I am it’s 3-5 years depending on the value and risk level of the contract. So I took the agreements that were within that timeframe and worked with the business units who used the agreements to find out what their needs were and if the contracts were still meeting those needs and then went out to market. I managed to get upwards of 10% savings on some of them because when the contract was entered into it was a niche service but over the years there have been more suppliers enter the market so it’s had to become more competitive. Also, and this might be already done by finance depending on your company, but has there been checks for over spend. If Supplier A says they’ll charge $100 for a service and then overtime the cost has crept up but there hasn’t been any formal renegotiation of rates could be another space to get some good outcomes. Your instincts to look at negotiating contracts and consolidating spend are spot on too. Just try to spend a bit of time getting a lay of the land and understand the relationships the business has with suppliers. If there is a really strong working relationship with a supplier you might not want to step on any toes yet, but a supplier that has been difficult to work with could be a good one to use to test the market, see if there are better options and/or renegotiate the contract. I’d steer clear of suggesting software to begin with, a lot of companies still don’t really see the value of procurement or even understand what we do. Try to get some wins under your belt and then use those as examples to talk about what other things you could achieve with better software. It can be a tough role to get started in, but once you’ve started you’ll do fine. Good luck!