Procurement Auditing Services by Source One.

Procurement Auditing Most companies only realize 55% of forecasted savings due to a lack of resources to implement savings and to monitor compliance.

As companies look to maximize savings from procurement initiatives, auditing the results becomes a critical step to ensure success. Maverick spending and duplicate payments are often identified early in the audits.

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Source One typically starts all projects with an audit of prior purchases and spend, to help identify rogue spend areas and non-compliance with existing contracts or pricing agreements. Often, our initial audit will identify areas where suppliers did not satisfy the terms of existing contracts. In these situations, Source One will assist our client in pursuing credits for the goods or services that were not compliant.

Source One's auditing services can help you with:

Source One can help you recover money.
At the end of a strategic sourcing initiative, our job is not done. Unlike other providers, Source One actively monitors your ongoing purchases to ensure that compliance is met both internally and externally to your organization. We also monitor the life-cycle of your procurement activities and make you aware of any additional potential savings opportunities that may develop in the marketplace after your original strategic sourcing initiative was completed

More Information

Spend Analysis Services Spend Analysis Services Our Spend Analysis services can help you determine the best categories to target when starting your strategic sourcing initiatives.
Procurement Spend Analysis
Savings in Sourcing Sourcing Savings We assist our clients in producing hard-dollar savings in their procurement projects.
Savings Results
Expert Procurement Databases Expert Systems Our expert systems provide access to the price points, tariffs, data and information you need to successfully source your products and services.
Procurement Services Audit Services Most strategic sourcing initiative begin with an audit of the services and products that your organization is buying.
Procurement Services