Businesses Can Cut Costs Without Reducing Headcount... Three Opportunities For Savings
Three Solutions for Businesses in a Tough Economy. Procurement Service Provider, Source One, offers three unique suggestions for businesses of all sizes to help cut costs and increase profitability in tough economic times.
Willow Grove, Pennsylvania, June 8, 2009
Inbound calls for help are up significantly at Source One Management Services, LLC, a leading Procurement Service Provider. Companies of all sizes are looking for ways to get savings and operate more efficiently, preferably without reducing headcount.
“The calls for help tend to fall into 3 categories,” says Steve Belli, CEO of Source One. “Some of the companies are looking for immediate savings that they can implement quickly, while others have complex requirements and they need resources to develop a long term sourcing strategy.
The third type of request is from organizations looking for tools to help them to operate more efficiently and effectively.”
What solution do you have for companies that need immediate savings that can be implemented quickly?
MasterNegotiator.com has pre-negotiated contracts that provide a free, quick, and easy way for businesses to gain immediate access to preferred pricing for commonly purchased items and services. Buyers just add the deals they are interested in to their market basket and a representative will contact them within 48 hours to begin the process of signing them up for the deal.
Master Negotiator currently offers contracts with aggressive pricing in categories such as: Office Supplies, Local and Long Distance Telephone Networks, Merchant Accounts, Work Wear Apparel and Uniforms, Pest Control Services, Freight and Transportation, and more…
Here is what some of our customers have to say:
- “Master Negotiator not only saved my company over 20% on telephone services, but helped implement Office Supply pricing that was 16% lower than the best spot buy pricing I could find on my own.”.
–Dawn Dorn, Office Manager of Family Care Medical Center
- “…I can tell you that we’ve tried it and it earned my seal of approval.
–Charles Dominick, President & Chieft Procurement Officer of Next Level Purchasing
How do you help those companies that have more complex requirements or need a long term sourcing strategy?
For organizations with large spends or custom requirements, Source One offers custom consulting services to help organizations analyze and improve spend coverage, reduce costs, introduce industry best practices, monitor supplier compliance and leverage the latest procurement technologies through customized strategic sourcing solutions. Other benefits include a heightened level of visibility into purchasing data, strengthened relationships with suppliers, and improved internal compliance.
In order to best service its clients, Source One provides flexible fee options for its consulting services including a contingency (gain sharing) option to lower client risk. Source One’s pay for performance services are designed for organizations that have unique or complex requirements, require assistance with implementation, lack resources, or would like to leverage volumes to rationalize the supply base and obtain best-in-class pricing.
Do you have sourcing tools to help a procurement team operate more efficiently?
WhyAbe.com is the web’s first and only free e-sourcing tool. The WhyAbe.com technologies are already being used by hundreds of businesses ranging from one-person startups to Fortune 500 corporations. Buyers have the ability to research and find new suppliers, manage contracts, create and manage RFx and Reverse Auction events. Suppliers can register for free in the supplier directory, find new business, and advertise their products or services through free basic on line stores. There is no software to install, no fees to pay, and no complex licensing agreements for buyers or suppliers. Additionally, WhyAbe.com provides private label sites for companies that want to maintain their own branding identity for an affordable monthly cost.
With free e-sourcing and contract management tools (WhyAbe.com), self service pre-negotiated contracts (MasterNegotiator.com), and full service strategic sourcing services , Source One provides organizations of all sizes with assistance in optimizing their performance and profitability during these difficult economic times.
Download an MP3 Audio Interview with Source One’s CEO, Steven Belli