Source One provides On-Demand Sourcing Solutions customized for each individual client's needs.
Many clients choose to use Source One for only a portion of their Strategic Sourcing or Procurement initiatives, such as Benchmarking or Negotiation Services.
Our unique team of entrepreneurs allows us to deliver creative low-cost solutions to provide our clients with the highest possible value.
Since 1992, Source One has successfully sourced hundreds of product categories and has produced millions of dollars in savings.
Below are some examples of recent successful engagements with our clients.
Third Party Case Study by Outsourcing Journal:
"Like large enterprises, mid-size companies face continued rising prices, competitive and executive pressure to reduce costs, and regulatory pressure (Sarbanes-Oxley, for example) to improve visibility and control in their strategic sourcing total spend and supply chains.
Strategic sourcing improvements are now more than a priority; they're a necessity for survival."....
Outsourcing-Journal.com recently interviewed several Source One clients, on their "Focus on Procurement" piece in May of 2008.
Visit Outsourcing Journal to Read the Entire Story
Multi-Project Strategic Sourcing Full Case Study:
A $130 million global specialty coating company with locations in North America, Europe and Asia, engaged Source One Management Services, LLC to assist in the strategic sourcing of its indirect spend items. The organization was already operating with above average sourcing practices, and asked Source One to assist in areas where their internal resources were constrained. Collaborative and innovative approaches were required in each project category in order obtain best-in-class total value in procurement. Initially, the two companies focused on LTL freight, small parcel, telecommunications, and packaging.
Read the Full Case Study and Story Here
Strategic Sourcing MRO Case Study:
Source One employed a unique strategy for each product category in order to create pricing leverage. A combination of the introduction of competition, utilization of strategic supplier relationships and extensive negotiations, Source One produced 14% annual savings in MRO spend.
Read the Full MRO Case Study Here
MPLS Cost Reduction Case Study:
Source One was engaged by one of the nation's largets healthcare providers to assist in the negotiation and implementation of a major MPLS network. The project provided signficant savings to our client.
Read the Full MPLS Case Study Here
Construction Supplies Strategic Sourcing Case Summary
A $150 Million Dollar Construction client spent $2,000,000 with over 15 suppliers on construction supplies. Source One negotiated set pricing, producing 20% savings and helped implement a purchasing tool to enable personnel to quickly and easily locate the best-priced supplier and accelerate the invoice approval.
Banking and Treasury Services Strategic Sourcing Case Summary
By eliminating checking fees and increasing earning credits Source One produced a 100% savings by turning a $400,000 annual spend into a $0 dollar spend for an Industrial Distributor with $1 Billion in annual revenue.
Steel Drums Strategic Sourcing Case Summary
With the price of steel up 238%, our client, a specialty chemical manufacturer, was still able to save $125,000 annually on their purchase of steel drums.
Merchant Account Non-Profit Negotiation Case Summary
A small non-profit organization saved $10,000 (8%) annually on merchant account processing fees. Source One's negotiation and knowledge of rules and regulations regarding credit cards produced an additional $40,000 refund.
MRO Strategic Sourcing Case Summary
A utility company with $6.9 billion dollars in annual revenues engaged Source One to assist in $1 million in MRO spend, including paper products, plastic bags, open stock fasteners. The Strategic Sourcing initiative reduced spending by 9% on paper and plastic products and 70% on open stock fasteners.
Corrugated Benchmarking Case Summary
A 2 billion dollar paper product company was spending $5.5 million per year on corrugated boxes with five suppliers in five North American locations. The client engaged Source One to benchmark the spend. Source One was able to establish a clear benchmark – a fixed price per thousand square feet of corrugated linked to a market standard price for corrugated, and identified and qualified alternate suppliers interested in the client’s business.
Enterprise Software Negotiation Case Summary
Source One was engaged late in an Enterprise Software Selection initiative. Within just three weeks we negotiated a 50% savings on their purchase of E-Learning software while doubling the amount of licensed users.
Express Package Delivery Negotiation Case Summary
A rug wholesaler with 15 locations, spending $946,000 on express package delivery engaged Source One to assist in negotiating Small Package Express Delivery Services. Pricing was based on the location volume. Source One leveraged total company spend to reduce and standardize pricing across all locations, increased discounts for all categories of service, resulting in a 15% overall savings, and established National Account status ensuring standardized pricing across all locations, and improving reporting.
Alarm Monitoring Strategic Sourcing Case Summary
A food wholesaler Client spending $240,000 on alarm monitoring fees engaged Source One for a Strategic Sourcing project. Each location was being invoiced directly. Source One's research determined available pricing and services and leveraged total company spend to standardize and reduce pricing across all locations. The project producing 59% savings, and a follow up invoice audit yielded $92,000 in credits.
It's a matter of principle and practicality...Our contingency model holds us accountable for achieving results. We must produce value.
