Procurment Services - Source One
Source One drives savings for clients by optimizing their performance and profitability through cost recovery and reduction and process improvement in their strategic sourcing and procure-to-pay operations. On average, the Source One team generates 18% in annual cost savings per procurement spend category. In fact, in recognition of their successful cost saving sourcing efforts, the Source One team recently authored and published (via national publishing house John Wiley & Sons) a book entitled: "Managing Indirect Spend: Enhancing Profitability Through Strategic Sourcing."
The Source One team helps clients reduce spend through the application of proven sourcing and purchasing strategies, best practices, strategic planning, people and technologies. They have negotiated with more than 6,000 suppliers in generating over $1 billion in combined client savings since 1992. The Source One team has sourced over $5 billion of North American spend for over 500 U.S.-based clients, most of which are either #1 or #2 in their respective industry, with almost every industry represented and a large majority in the Fortune 500.
The Source One team has sourcing expertise in over 100 spending categories including: advertising, benefits & insurance, cabling, chemicals, construction materials, containers/fiber, plastic and steel, corrugated, direct materials, drug test/background checks, electricity, equipment leasing, fleet management, fuel, market research, hazardous material removal, I/T, industrial equipment, janitorial services, lubes and greases, natural gas, office supplies and furniture, payroll services, packaging supplies, postage equipment, merchant accounts, propane, relocation services, security services, storage, telecommunication services and equipment leasing, temporary staffing, trash removal, uniforms, wireless and more.
Experienced sourcing professionals will work closely with client's in-house staff to reduce spend, optimize existing budgets and increase the efficiency of operations by using proven sourcing and purchasing strategies, best practices, innovative technologies, and an unsurpassed database of market intelligence to help clients achieve the maximum level of savings possbile. Source One's ongoing monitoring and monthly audit process further ensures that savings remain competitive and sustainable.