First, we’ll target expense categories where the greatest cost savings are likely for your business. Working with you, we’ll confirm which expense areas to review and identify specific supplier issues, sensitivities, and constraints.
Once we’ve compiled the data, we generate a comprehensive analysis of your current cost structure and compare your organization with your competitors or your entire industry. We’ll also include prioritized recommendations on areas for expense reduction.
We’ll calculate a Potential Savings Analysis by benchmarking your expenses against proprietary purchasing data through Expense Consulting’s preferred vendors and Group Purchasing Organizations (GPOs).
Expense Consulting will work closely with your purchasing department, assisting you with or fully managing the RFP process with your vendors. We’ll customize this process to match your purchasing patterns and service needs as well as reporting requirements. We can recommend competitive, non-incumbent suppliers to include in your RFP process.
We’ll arrange all the contractual logistics, setting up supplier meetings with your key employees, establishing performance benchmarks for your suppliers, and implementing the reduced pricing schedules for supplies and services.
Expense Consulting will document your total cost savings and efficiency improvements, and present a detailed report to your management team.
Our job is not finished when all the contracts are signed. We keep an ongoing eye on your supplier relationships, scheduling regular business review meetings with your team to ensure you’re seeing the savings and customer service you expect from your vendors. We perform ongoing negotiation of our group purchasing contracts to ensure all of our clients experience the utmost efficiency and complete satisfaction.