Expense Reduction
Our goal is to free up your purchasing professionals
enabling them to focus on your strategic or direct spend categories.
We then target the non-strategic and consumable expense categories
that were mutually agreed upon and begin our proven procurement
process.
Profitability Consultants's ability to negotiate
long term savings is the result of a number of factors:
First, the introduction of a third party into the
purchasing process causes suppliers to seriously reevaluate their
position.
Second, since we work with more than one company
at the same time and in many cases with the same expense categories,
we are better able to determine what the market will bear.
Third, we utilize a customized procurement process
that is usually reserved for strategic or direct spend categories
with significantly larger spends.
Fourth, we are motivated as a result of our compensation
package and make the time to follow our process and go the extra
mile.
Fifth, we ask!
Expense Reduction services generally proceed in
the following manner:
| • |
determine which expense categories might
benefit from a purchasing review |
| • |
develop understanding of current and
future needs and parameters relating to suppliers and products/services
needed |
| • |
begin customized procurement process |
| • |
present recommendations |
| • |
implement recommendations |
| • |
begin saving |
| • |
monthly and quarterly reviews |
| • |
quarterly documentation of savings and
invoicing |
| • |
ongoing client support |
Client involvement in our process is minimal and most work is
done offsite.
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