Procurement Service Provider

Source One averages 15% cost reduction with strategic sourcing alone.


	Strategic Sourcing
	A thorough cost reduction initiative will produce long-term impact on service and profitability. At SOURCE ONE, this focus includes a detailed spend and service analysis. Our strategic sourcing program can be performed in various business sectors and project areas (direct and indirect spend) such as telecom, freight, energy, chemicals, supplies (production, office and maintenance), security, workers comp, benefits, insurance, etc. A deciding factor for many clients is our pay for performance fee structure, allowing clients to pay based on actual savings results. The contingency model holds us accountable for achieving results, and we have reduced cost in some areas as much as 30-55%. Click here to see Example Results Cost Reduction- Our Cost Reduction Initiative includes benchmarking against “best practices,” spend analysis, strategic sourcing and negotiation with suppliers, acquisition process reengineering and supply chain optimization, organizational change management, and e-Enablement. These actions provide the foundation toward achieving our collective results. Audit- The focus of our Audit Service is to ensure accuracy in billing versus contract terms and conditions. Our attention to detail uncovers billing and service errors, allowing us to recover credits or refunds due, in such project areas as telecom, office supplies, consulting, maintenance agreements and printing. As an ancillary benefit, Source One provides analytics on supplier performance to ensure continuous improvement. Benefits of Audit Service: Assurance that invoices reflect accurate price, terms and conditions previously negotiated removal of, and credit for, unnecessary products or services Recovering credits for billing errors and duplicate payments On-going invoice monitoring to ensure accurate billing consistently Objective audit report of findings Spend Analysis- Purchasing decisions made in the best interest of a company are most favorably influenced by completing a full cost benefit analysis of past, present, and future usage patterns and processes. Source One Spend Analysis involves looking at spend data in different ways to help identify where improvement opportunities lie. Source One follows or enhances your existing business model. The results of Source One's Spend Analysis provides clients with: Understanding of all current contract costs, terms, and conditions, and quality and service requirements Understanding of all fixed and variable cost drivers within a spend category Understanding of resources (people, financials, systems), involved in the purchasing process within a spend category Recommend strategies for cost reduction and resource improvements to impact short and long-term profitability Information to change spending behaviors short and long-term Specializing in Telecom >>Click Here to Read More
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Strategic Sourcing

Specializing in Telecom >>Click Here to Read More