Cost reduction overview

Cost reduction procurement support services

The team at Corcentric has helped clients realize savings in all categories of direct and indirect spend since 1992. Our full suite of Procurement and Strategic Sourcing services is tailored to the particular savings needs of our clients.

Our expert cost reduction services include:

Contingency-Based Cost Reduction

Corcentric’s strategic sourcing team built their reputation through contingency-based cost reduction services. Working through this cost reduction model, we’ll only collect payment based on actual hard-dollar savings. That means we provide you with access to our expert procurement team without the risks associated with up-front costs. Our contingency-based cost reduction specialists aren’t interested in tacking on hidden fees, chasing low-hanging fruit, or handing off business to our partners. We’re only interested in realizing your savings goals.

Learn about Corcentric’s success in contingency-based cost reduction

Cost reduction audits

Opportunities for cost reduction could be hiding in plain sight. Trust the cost reduction audit team at Corcentric to assess every level of your procurement operations to uncover opportunities for cost reduction in all areas of direct and indirect spend. Don’t let savings go unrecognized; let us secure your savings my monitoring compliance and tracking your goals.

Cost reduction case studies

Corcentric’s strategic sourcing consultants have empowered clients in countless industries to better manage their direct and indirect spend. Working closely with our clients’ internal procurement teams, we provide resources in the form of real-time market intelligence, proven procurement best practices, and cutting-edge technologies. Don’t just take our word for it. Our cost reduction results speak for themselves.

Get savings with cost reduction

Through years of strategic sourcing initiatives, the team at Corcentric has worked to change procurement’s perception. With our help, clients have discovered that there’s much more to strategic sourcing than savings. However you choose to leverage our Procurement services, expect to produce value and establish a foundation for long-term strategic growth. Our flexible fee models provide savings support to procurement teams in any industry at any maturity level.

Profit Recovery services

Lost savings are an everyday hazard in procurement and supply chain management. Corcentric’s experts will not only spearhead your cost reduction goals, but will work to audit your operations and recover lost profits. Profit Recovery services from Corcentric can reveal savings lost as a result of pricing errors, contract compliance issues, mismanaged shipping, and more. Leveraging our profit recovery team will not only put money back into your wallet, but will promote more efficient and risk-averse procurement practices into the future.

Proven cost reduction strategies

The procurement team at Corcentric has decades of experience devising and implementing effective cost reduction strategies in countless industries and categories of both direct and indirect spend. They regularly share these strategies on industry blogs, and leverage them to support their client’s internal procurement and strategic sourcing operations.

Reducing COGS

Reducing the cost of goods sold is an essential component of process improvement for companies in a variety of industries. Due to time and budget constraints, however, many organizations struggle to even assess cost information, let alone meet their savings goals. The procurement experts at Corcentric have the experience, expertise, and resources necessary to analyze your operations and identify opportunities for both process optimization and cost reduction.

Savings compliance tracking

In addition to suggesting cost-cutting strategies, Corcentric’s procurement teams offer long-term support services to guarantee ongoing savings and compliance. We’ll oversee your cost reduction efforts to ensure vendor relationships maintain their strategic value and purchasing habits remain both efficient and effective.

Sales, General, and Administrative cost reduction

Corcentric’s cost reduction team provide Sales, General, and Administrative with expense solutions to minimize the costs associated with running a business in any industry. Within many organizations, these categories go overlooked for extended periods. Corcentric’s cross-category expertise and proven expense reduction solutions can reduce any confusion surrounding this spend and produce considerable savings.

Corcentric’s approach to cost reduction

At Corcentric, we take a unique approach to contingency-based cost reduction. We don’t collect hidden fees and we never charge for soft-dollar savings. Our ethical and entrepreneurial approach has helped us establish long-term strategic partnerships with clients in a variety of industries.