Cost Savings with Strategic Sourcing
Procurement Maturity Assessment
Your Procurement team can’t set savings goals unless they understand what they’re capable of. To kick off a cost reduction initiatives, your Procurement team needs to know exactly where its people, processes, and tools stand. The savings team at Source One know what defines excellence in Procurement. They’ll conduct a thorough maturity assessment and suggest the appropriate next steps for making your savings goals a reality. You can’t develop a best-in-class Procurement team over night, but with a Procurement Maturity Assessment from Source One you’ll find meeting ambitious savings goals is easier than you thought.
Set the Right Savings Goals
Spend Analysis Services
Data analytics is changing Procurement and making it easier than ever to achieve cost savings. Too often, however, Strategic Sourcing initiatives are halted by overly complicated spend analysis tools. Instead of discovering savings, many Procurement departments find themselves struggling to classify their spend data with an unwieldy platform. Our cost reduction team has the solution. SpendConsultant.com is a user-friendly spend analytics resource that makes it simple to classify historical spend and identify savings opportunities. Whatever your industry, spend categories, or cost reduction goals, SpendConsultant is the resource your Procurement team has been waiting for.
Savings with SpendConsultant
Savings Opportunity Assessments
Spend analytics is great, but it doesn’t produce savings on its own. That’s why Source One and SpendConsultant offer savings opportunity assessment services. Combining robust a robust spend analytics tool with the market intelligence gained through decades of Strategic Sourcing, it goes well beyond classifying data. SpendConsultant puts your historical spend to work producing savings roadmaps. You’ll identify both quick-win and long-term opportunities to reduce costs and more effectively conduct sourcing project moving forward.
Identify Savings Opportunities
Discover Cost Savings Opportunities with Strategic Sourcing Support from the Tech-Enabled Consultants at Source One
Strategic Sourcing services from Source One can produce hard-dollar savings in any category of direct or indirect spend. Our Procurement consultants produce an average of 18% savings for clients.
Since 1992, the savings specialists at Source One have supported clients with world-class Procurement and Strategic Sourcing Services. Our cross-category, cross-industry expertise enable us to offer a flexible suite of Procurement services capable of producing savings for organizations at any maturity level.
Procurement Services Produce Savings:
- Our collaborative approach to Procurement audits will reveal lost savings and build a foundation for better spend management in the future.
- Our Strategic Sourcing team will leverage years of market intelligence to benchmark suppliers and identify opportunities for savings and strategic partnerships.
- Our Procurement Transformation team will optimize your people, processes, and technology to promote long-term savings and efficiency.
- Our cost reduction experts will implement Category Management plans to drive savings and promote cross-department collaboration.
- Our Procurement specialists will oversee contract negotiations with incumbent and prospective suppliers to ensure long-term savings and mutual benefit.
- Our Strategic Sourcing consultants will help identify opportunities to nearshore your supply chain to produce savings and promote efficiency.
- Our cost reduction team will identify opportunities to outsource Procurement processes, take the burden off your team, and more efficiently achieve savings.
In addition to flexible Procurement and Strategic Sourcing services, Source One offers flexible fee arrangements. Choose the model that suits your organization’s size, structure, and savings goals.
Savings on Your Terms:
- Select our Fixed Fee model to establish a project scope and savings goals up-front. We’ll develop individual savings initiatives as necessary to meet your needs.
- Leverage our Hourly model to engage us for ad hoc savings initiatives. Together, we’ll establish a rate schedule customized to your needs and resources.
- Try our new Procurement Help Desk to keep our expert team on retainer. You’ll use our resources as necessary to produce savings and optimize your processes.
- Realize risk-free savings with our Contingency-Based cost reduction services. Our consultants will only collect payment based on genuine hard-dollar savings.
- Develop a Hybrid payment model tailored to your unique specifications and savings targets.
Contact the Strategic Sourcing experts today to make your savings goals a reality. Cost reduction, renewed efficiency, and a world-class Procurement function are just a phone call away.
Contact the Savings Support Team Today