Supplier Benchmarking White Paper
Source One offers supplier benchmarking insight in their latest white paper, Attain Best in Class Status and A Competitive Advantage through Cross-Industry Benchmarking.Source One’s supplier benchmarking white paper offers insight into how real-time market intelligence can dramatically impact your operations and your bottom line. Supplier benchmarking can identify gaps, areas for renegotiations, and even reduce prices. This paper highlights the steps you can take to implement better benchmarking processes into your supply chain.
Benchmarking Case Study
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 spend 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.