“From recent interviews with 70 supply management executives, we find that those that don’t utilize spend analytics have 55% on average of untapped spend, miss 10% to 15% in savings in categories that have never been examined, and miss at least 6% in savings per category currently managed.” *A1

Surprised by those statistics? Well, you might be, but that doesn’t mean you should be. The fact of the matter is that many organizations don’t even know they’re missing out on cost savings. Pricing for office supplies, waste management services, document management, telecom, payroll processing, etc are often overlooked because they are not considered mission-critical by most companies.

Another issue? Many organizations don’t have a formal spend-management program in place. The good news? Pursuing cost procurement solutions with Greenstreet Cost Containment is exactly the type of initiative that will open up the conversation, creating savings opportunities in even more areas for your business. In the process, you’ll develop an understanding of spending patterns, supplier quality and contract knowledge. And the best part? We’ll take care of all of it for you.

Whether you’re a law firm, CPA, medical office, restaurant, hotel, insurance company, school or wholesaler looking to reduce costs, Greenstreet Cost Containment can help you. Don’t delay. Give us a call at 877.687.6422 to find out how much money we can save you!

Greenstreet Cost Containment is an outsourced procurement and expense reduction company based in Miami and serves businesses in South Florida and numerous other regions across the country.

*A1 (Spend Visibility: Do You Have the Correct Lenses?, M. N. Rizza, AMR Research Inc., December 2009, via Bearing Point, Spend Management: Key Elements for Realising Cost Savings in Procurement)

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