The media has been flooded with stories about Occupy Wall Street, yet we’ve heard little news about a solution.
Alliance Cost Containment, a leading cost reduction and financial analysis firm, recently saved a large corporation $264,000, which allowed the company to save more jobs at a time when most Americans are struggling to find work. The major corporations that are under fire right now can take a lesson from the below case study to find undiscovered cost savings in more than 35 indirect expense categories.
With $55 million in revenue, 645 employees, and 25 locations, this company faced significant challenges with its corporate cost containment efforts. ACC was asked to review $1.75 million in annual expenses. The results from ACC’s strategic sourcing, negotiation and implementation methodologies netted $264,000 in annual cost savings.
Snapshot of Savings:
Corporate Office Lease $74,000 Savings
Medical Supplies $71,000 Savings
Janitorial Supplies $25,947 Savings
Security Guard Services $23,717 Savings
Grounds Maintenance $22,072 Savings
Office Supplies $16,516 Savings
Laundry Supplies $7,848 Savings
Imaging Diagnostics $6,497 Savings
Medical General Supplies $6,348 Savings
Corporate Print Services $5,882 Savings
Waste Management $3,367 Savings
In addition to the significant direct cost savings, the client was able to save or create nine full-time employees.
This case study exemplifies the power of negotiation and the need for such due diligence in order to save hundreds of thousands that can be spent elsewhere in a major corporation.
To learn more about ACC or to speak with one of their subject matter experts, please contact jamie@piercemattie.com