Proven Cost Reduction Strategies

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. We 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 strategies and leveraged them to support Procurement teams in just about every industry. Clients trust us to supplement their cost reduction efforts with our incomparable mix of strategic sourcing experience and category management expertise.

Customized Procurement Strategies 

Our hands-on Strategic Sourcing consultants offer a comprehensive suite of cost reduction services. They take a collaborative approach tailoring their recommendations to your particular industry, spend profile, and profitability 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 transformation.
• The spend analytics team will leverage our Spend Analysis platform to dive into your historical spend and provide an opportunity assessment and with strategies for pursuing savings.
• Leveraging years of market intelligence, we provide a benchmark assessment of your organization and help you better understand your capacity for cost optimization.
• Going to market, our supplier identification specialists will assess the supply base to uncover opportunities. We’ll engage suppliers who’ll serve your savings 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 strategic sourcing opportunities, our category management experts will work alongside your Procurement team and stakeholders to develop category management plans for sustainable savings.

Cost Savings Strategy Advice and Insights

Our Spend Management 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 team share their insights, reflections, and strategic sourcing best practices on our blog. Offering supply chain news and thought leadership, the Strategic Sourceror is recognized across Supply Management.
• The specialists at Source One share savings 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 indirect strategic sourcing. Managing Indirect Spend offers savings 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 procurement 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 Sourcing, Procurement Transformation, Supplier Relationship Management, and more.

Want to make your procurement savings 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 spend management strategies to work for your company.

Learn More About Source One’s Proven Cost Reduction Strategies