For-Profit Company
We were asked to review the recently negotiated contracts and total corporate spend on overnight courier services to determine if the company’s rates were in line with the market. Leveraging our deep domain knowledge, we carefully evaluated the existing agreements against what we believed to be the best-in-industry pricing terms and identified sizable opportunities that were previously ignored. Although the customer had negotiated their agreements with multiple carriers less than six months prior to our review, we were able to re-negotiate components of the existing agreement, which resulted in a net savings of 18%.
$4.1 Million
Annualized Spend
$625,000
Annualized Savings
In addition to the savings above, we were able to re-review prior invoices and performance reports and subsequently petition the carriers to provide upwards of $50,000 in refunds due to the contractual service level guarantee.
For-Profit Company
We were provided with detailed annual vendor spend in excess of $20 million across multiple cost categories. Leveraging our proprietary business processes, we worked collaboratively with the customer’s business units, and in less than three weeks, we were able to review all of the data provided by the customer, prepare abstracts of all legal documents / contracts, define which cost containment strategy would result in the highest savings, and baseline their existing spend against the market. After presenting our solutions, the customer provided approval, which resulted in $900,000 of annualized savings as a result of rewriting corporate policies, preparing / managing multiple RFPs, and completing contract re-negotiations.
$20 Million +
Annualized Spend
$900,000
Annualized Savings
The entire project took less than 120 days to complete, from initial data review to contract execution with some savings realized in less than 30 days.
For-Profit Company
The customer was utilizing more than 20 different temporary staffing companies, as each business had previously developed direct relationships. This project was multi-faceted and included both a process redesign and an RFP. The RFP facilitated negotiations with the incumbent vendors that resulted in $600,000 in annualized savings for the existing temporary staff and granted “preferred” vendor status to those companies who demonstrated their willingness / ability to deliver solutions at optimized prices and SLAs.
$10,000,000+
Annualized Spend
$600,000
Annualized Savings
We were further able to negotiate that one of the “preferred” vendors place an administrative resource at the customer’s office at no cost.