Strategic Sourcing Solutions and Operating Cost Reductions For The Agriculture Industry
The agriculture industry is a difficult one. Agribusinesses are routinely required to combat daily operating costs while still delivering high quality and safe products to customers unwilling to accept higher prices. Solving these cost reduction challenges requires tailored solutions to overcome the rise in foreign competition, increasing regulations and environmental concerns, and the vastness of scale in which agribusiness operates.
Rising foreign competition and regulatory challenges have encouraged agricultural firms increase their efforts concerning internal cost savings. With most agribusinesses already running lean, having reduced headcounts and expenses where possible, they are searching for new methods to increase savings. Enter Source One.
Source One’s subject matter experts can help agribusinesses increase their efficiency and savings using our expertise in all indirect and direct spend categories.
Source One has the broad knowledge base, market intelligence, and strategic sourcing expertise required to assist agribusiness organizations as they seek additional savings opportunities in their direct and indirect spend categories. Following an initial spend analysis for the organization, Source One offers an overarching view of where a business’ spend is allocated before offering a suite of custom strategic sourcing initiatives catering to the individual business needs of the company. Promoting tactical buying practices and forward-looking strategic cost initiatives allows agribusiness firms to improve their performance metrics, now and in the future.
Source One has identified significant savings for agricultural firms in the following categories:
- Product Packaging
- Material Handling Equipment
- Facilities Management
- Waste Disposal
- IT Telecommunications
Many best-in-class companies have accepted that traditional cost savings avenues are producing diminishing returns in their current business environment. Source One works with these companies to identify the cost cutting decisions that will not harm the business and continue to produce results, whether that means refining data collection methods or consolidating a supplier base.
Increased ecological and consumer pressure have encouraged organizations to increase their sustainability efforts, sourcing sustainable resources and from suppliers who do the same, often with the stigma, if not the impact, of increased cost. Source One helps companies on a daily basis with their sustainability efforts, identifying not only those suppliers with best-in-class environmental records, but savings opportunities as well.