Benchmarking Services

Benchmarking and Market Analysis

ORGANIZATIONS CAN GAIN COMPETITIVE ADVANTAGES THROUGH SUPPLIER BENCHMARKING

Organizations operating in a lean environment are finding it difficult to gather the meaningful market intelligence necessary to drive solid business decisions.

Those preparing for a contract negotiation may want to know how their pricing and terms compare to others in their industry but have no access to that information. Or they may be sourcing a new software or service offering but lack the insights and information necessary to determine if a quoted labor rate and resource team is justified. In both cases, the lack of information means bloated spend and missed savings opportunities.

Source One solves these sourcing conundrums by utilizing our extensive database of proprietary market intelligence to provide organizations with benchmarking services for pricing, contract terms, and service levels across a variety of industries and categories of spend.

Source One's strategic sourcing team conducts benchmark research and reports based on an organization's specific and unique requirements. Our sourcing analysts prepare benchmarking reports far more detailed than the standard "analyst reports" and tailored to the client, providing our clients with actionable recommendations and long-term sourcing and procurement strategies for each category.

Our strategic sourcing and benchmarking experts provide our clients with customized actionable benchmark reports supported by useful market intelligence from our extensive market intelligence databases and other sources. Our benchmarking data is derived from whitelabeled and licensed e-sourcing tools, in house negotiations, external research repositories, partners, subscription services, market inquiries and even directly from suppliers.

We are able to provide benchmarking services and benchmark reports in dozens of spend categories. Below are some of the most popular benchmarking categories:


Our decades of services to clients from just about every industry has allowed us to build some of the most robust cross-industry repositories of benchmarking data. This benchmarking data includes the pricing and industry expertise that can be leveraged to provide organizations with the right information specific to their unique needs for their customized benchmark reports. Our eSourcing technologies are used every day by companies engaging in strategic sourcing events, and these tools deliver us real-time data for monitoring changing market conditions. Simply put, no one else has the access to the same level of information, expertise, and raw data that our custom benchmarking services deliver.

Source One's benchmarking services provide our clients an unparalleled awareness of their standing in the marketplace, as well as provides the insight needed for them to gain and maintain competitive advantages in their industries. Our custom benchmarking services help your organization become or maintain its staus as a market leader.

Benchmarking Case Study

Benchmarking helps a leading health insurance company validate and reduce its printing spend
A national health insurer with a multi-million dollar printing spend and a mandate to find savings turned to Source One for benchmarking information.

Source One's strategic sourcing team conducted a full spend analysis on the print category to gain an overview of where the spend was allocated. We then leveraged our wealth of market data and intelligence to compare the client's pricing to what was available in the market. These efforts highlighted a pricing imbalance and a potential cost savings opportunity with an incumbent supplier providing a large portion of the print services including ID cards, forms, and customer-facing mailers.

The benchmarking report ultimately provided information that caused the health insurer to take their print spnend back to market. The subsequent strategic sourcing process ultimately drove a 31% savings in print costs.





Having access to benchmarking information and a strategic sourcing consultant to provide guidance is a wonderful thing. But if you don't have the time or resources to take action on those recommendations, you have a lost savings opportunity.

Learn how we can supplement your team's resources with our Sourcing and Benchmarking BPO solutions.