Our Approach & Strategy Process

 

Our Approach

Using our facility, we target your most challenging areas of expenditure. Our consultants then:

*  Research cost savings in areas where you believe a cost savings exists for items that you currently purchase

*  Suggest additional areas where we believe a cost savings exists.

*  Recommend cost savings while keeping your standard of quality

*  Negotiate better pricing with your current supplier or finds alternative suppliers

*  Acquire competitive proposals by qualified suppliers

*  Save your company significant money, to reduce your core expenses.

*  Manage the purchasing expenses for the duration of the agreement

 

Strategy Process

 

Initial Interview

*  Discuss your suggested areas of potential cost savings

*  Discuss areas where we have had cost savings success with other companies.

 

 

 

Research Cost Savings Opportunities

*  Researches the agreed upon areas for potential cost savings.

*  Review documentation to understand your current procurement processes and spending needs.

 

 

 

Spending Analysis

*  Perform spend analysis to determine the specific cost saving potential for each area based on your last year’s spending.

*  Establish supplier criteria based on your company’s quality standards and procurement needs.

 

 

 

RFQ and Negotiations

*  Create an RFQ the needs your company’s specific requirement and timeline

*  Negotiate with suppliers for maximum cost savings

 

 

 

Present Recommendations

*  Provide written vendor comparables of current spending and future savings

*  Determine approved vendors

*  Confirm method for calculating savings and payment

 

 

 

Implementation

*  Facilitate new pricing and procurement

*  Solidify agreement

*  Determine benchmark meeting dates to ensure quality of services rendered