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Proven Cost Reduction Strategies
Proven Approach to Achieving Savings
Cost Reduction by Category
Our cost reduction strategies are effective in any category of direct or indirect spend.
- Advertising – 16% Cost Reduction
- Awards & Promotional Items – 24% Cost Reduction
- Background Checks – 28% Cost Reduction
- Banking and Finance – 17% Cost Reduction
- Chemicals – 15% Cost Reduction
- Facilities Maintenance – 20% Cost Reduction
- Ink & Toner – 18% Cost Reduction
- LMS/Training Materials – 34% Cost Reduction
- LTL Freight – 23% Cost Reduction
- Marketing – 19% Cost Reduction
- Market Research – 50% Cost Reduction
- Merchant Account – 23% Cost Reduction
- MRO Supplies – 19% Cost Reduction
- Multi-Functional Devices – 25% Cost Reduction
- Propane – 25% Cost Reduction
- Publications & Newsletters – 27% Cost Reduction
- Small Parcel – 17% Cost Reduction
- Software – 28% Cost Reduction
- Telecom Equipment Leasing – 24% Cost Reduction
- Telecom Services – 28% Cost Reduction
- Temporary Staffing – 24% Cost Reduction
- Uniforms – 28% Cost Reduction
- Wireless – 30% Cost Reduction
Cost Reduction Strategies for Direct & Indirect Spend
Cross-Industry Cost Reduction Strategies
Our cost reduction strategies produce savings for companies in any industry.
- Cost Reduction for Agriculture & Farming
- Cost Reduction for Banks
- Cost Reduction for Construction Firms
- Cost Reduction for CPG Companies
- Cost Reduction for Defense Contractors
- Cost Reduction fro Educational Institutions
- Cost Reduction for Food & Beverage Companies
- Cost Reduction for Health Insurance Providers
- Cost Reduction for Healthcare Companies
- Cost Reduction for Manufacturing Companies
- Cost Reduction for Medical Device Manufacturers
- Cost Reduction for Pharmaceutical Companies
- Cost Reduction for Real Estate Companies
- Cost Reduction for Retailers
- Cost Reduction for Utilities & Energy Companies
Proven Cost Reduction Strategies for any Industry
Source One's cost reduction experts help Procurement realize savings with proven spend strategies
Since 1992, the Strategic Sourcing experts at Source One have developed and implemented effective cost reduction strategies. Our cost reduction experts work alongside our clients’ Procurement teams to establish category-specific approaches for maximizing savings opportunities.
Source One made its name offering contingency-based cost reduction services to our clients. Over the years, we’ve refined our cost reduction strategies and leveraged them to support Procurement teams in just about every industry. Clients trust us to supplement their internal cost reduction efforts with our incomparable mix of strategic sourcing experience and category management expertise.
Customized Cost Reduction Strategies
Our hands-on Strategic Sourcing consultants offer a comprehensive suite of cost reduction services. They take a collaborative approach tailoring their cost reduction strategies to your particular industry, spend profile, and cost reduction goals.
- Our cost reduction team will embed themselves within Procurement’s operations to audit your processes and existing supplier relationships. They’ll point out any inefficiencies and pave the way for cost reduction.
- The spend analytics team will leverage our Spend Analysis platform to dive into your historical spend and provide a cost reduction opportunity assessment and with strategies for pursuing savings.
- Leveraging years of market intelligence, our cost reduction experts will provide a benchmark assessment of your organization. You’ll learn how you compare to competitors and better understand your capacity for cost reduction.
- Going to market, our supplier identification specialists will assess the supply base to uncover cost reduction opportunities. We’ll engage suppliers who’ll serve your cost reduction goals without sacrificing quality.
- After surveying the market, our contracting team will manage negotiations with new or incumbent suppliers to achieve savings and secure best-in-class agreements.
- In addition to tackling immediate cost reduction opportunities, our category management experts will work alongside your Procurement team and stakeholders to develop category management plans for sustainable savings.
Cost Reduction Strategy Advice and Insights
Our cost reduction team doesn’t reserve its insights for our clients. They’re recognized as thought leaders in Procurement and Strategic Sourcing because they share their spend management insights and proven cost reduction strategies every day.
- Source One’s cost reduction team share their insights, reflections, and strategic sourcing best practices on our blog. Offering supply chain news and daily cost reduction strategies, the Strategic Sourceror is recognized across Supply Management.
- The cost reduction specialists at Source One share cost reduction strategies every week on the Source One Podcast. Subscribers can hear our supply management experts engage in insightful discussions and offer proven spend management tips.
- Source One’s thought leaders wrote the book on cost reduction and strategic sourcing. Managing Indirect Spend offers cost reduction strategies and tips for every stage of the sourcing process. Whether you’re a supply chain veteran or a cost reduction rookie, our sourcing handbook has a lot to offer.
- The cost reduction consultants at Source One believe in driving Procurement forward. That’s why we regularly publish our unique approaches to spend management in our Procurement whitepapers. Over the years, we’ve offered proven strategies for cost reduction, Procurement Transformation, Supplier Relationship Management, and more.
Want to make your cost reduction goals a reality? Whatever your industry and whatever your cost reduction needs, our team of Strategic Sourcing experts are here to help. Put our proven cost reduction strategies to work for your company.
Learn More About Source One’s Proven Cost Reduction Strategies