February 13, 2008

New Hackett Study Examines How Companies Manage Unanticipated Project-Based Spending

Open Performance Study Helps Companies Understand and Control Unplanned Purchases

ATLANTA & LONDON, February 13, 2008 - The Hackett Group, Inc. (NASDAQ: HCKT) has launched a new open performance study designed to help companies more effectively control spending on ad hoc project-based purchases in IT-Telecom, HR, Sales & Marketing, Finance & Corporate Services, and Capital Equipment & Services.

While most companies are working hard to proactively and strategically source their large recurring vendor expenditures, dynamic project-based purchases often don't receive the same level of attention and rigor - if at all. Unfortunately, these missed savings opportunities add up, and companies may be leaving significant savings and supplier value on the table.

This study is designed to help participants better understand the scope and severity of such spending. Using a performance-based and practices-based assessment methodology, the study aims to help firms "size the prize' and choose the best practices to better manage this unplanned demand.

According to Hackett's Book of Numbers™ research, world-class procurement organizations generate 152% higher hard cost reductions and 32% higher spend influence for non-production "indirect" expenditures. Interestingly, the world-class group's ability to manage spend more deeply and effectively gives them an even greater financial opportunity to close their influence gap - an opportunity that Hackett estimates easily exceeds $15 million for a typical Global 1000 firm.

According to Hackett Research Director Pierre Mitchell, "In today's economic climate, there's more pressure than ever before to get the most from every purchases. At the same time, businesses are trying to meet ever more aggressive operational goals. Yet a disturbing amount of external expenditures is slipping through the cracks where established procurement practices are simply not getting applied. Working across our multiple functional advisory programs, we've designed this study to once and for all provide the cross-functional insights needed to help companies understand precisely the scope and root causes of this problem in order to size it, scope it, solve it, and wring the remaining value that is currently being missed."

Participants will receive study results, and also be invited to participate in a Webcast discussing key findings.

About The Hackett Group

The Hackett Group, Inc. (NASDAQ: HCKT), a global strategic advisory firm, is a leader in best practice advisory, benchmarking, and transformation consulting services, including shared services, offshoring and outsourcing advice. Utilizing best practices and implementation insights from more than 4,000 benchmarking engagements, executives use Hackett's empirically based approach to quickly define and prioritize initiatives to enable world-class performance. Through its REL brand, Hackett offers working capital solutions focused on delivering significant cash flow improvements. Through its Hackett Technology Solutions group, Hackett offers business application consulting services that helps maximize returns on IT investments. Hackett has worked with 2,700 major corporations and government agencies, including 97% of the Dow Jones Industrials, 73% of the Fortune 100, 73% of the DAX 30 and 45% of the FTSE 100.

Founded in 1991, The Hackett Group was acquired by Answerthink, which was renamed The Hackett Group in 2008. The Hackett Group has global offices in the United States, Europe and India.

More information on The Hackett Group is available: by phone at (770) 225-7300; by e-mail at info@thehackettgroup.com; or on the Web at www.thehackettgroup.com.


Book of Numbers is a trademark of The Hackett Group.