How Consolidating Your Spend Can Help Streamline Your Purchasing Habits

How Consolidat

Author Archives: centerpointllc

How Consolidating Your Spend Can Help Streamline Your Purchasing Habits

When your business has physical plants in multiple locations, it’s sometimes difficult to get a handle on purchasing.  You may have overarching policies and procedures in place, but who’s minding the store?

When remote locations’ budgets creep up past what’s projected, it shouldn’t come as a surprise if your purchasing practices vary. Without consolidation, monitoring and tracking, things can get out of hand and that’s not good business.

Centralization creates opportunities

Centralized, consolidated purchasing doesn’t just keep a lid on your budget.  It creates opportunities. When you choose a consolidated approach, human resources to manage the function aren’t expended in every location, for one.

Consolidating reduces the number of hands on the function, freeing human resources to be deployed elsewhere and increasing the likelihood of those policies and procedures we mentioned earlier being adhered to.

Often, multi-location companies have expanded rapidly, leading to ad hoc purchasing solutions.  This often means that services in procurement are unnecessarily duplicated and may be subjected to competing managerial philosophies about how to do it.  This is often the case when expansion has been provoked by mergers and acquisitions.

The opportunities happen when disparate purchasing functions are centralized, reducing the need for duplication of function and reducing the amount of time employees need to spend working off the side of their desks to get the job done.

A key opportunity is to develop the quality relationships you need with suppliers to get the consistency, reliability and savings you’re hoping for in the procurement space.

The answer is CenterPoint

If you’re struggling with purchasing practices across a variety of locations, then it’s clear that you need to centralize the function and consolidate it into a single, efficient function that gets your company what you need at the pricing you seek.

At CenterPoint Group, that’s what we do.  We’re a trusted procurement advisor, leveraging $850 million of collective, indirect spend to bring your customers the power of numbers.

When your purchasing is in the hands of the professionals at CenterPoint, you’re getting the pricing and stability you need to adhere to budgetary demands.  There’s no question about conformity of purpose because we’re procurement professionals who bring you cost savings on everyday office purchases.

Better together

CenterPoint’s customers know that we’re better together.  When resources are pooled, they’re able to reach beyond what’s normally possible.  You get the purchasing power of a giant, when you rely on the power of numbers and the procurement expertise of our team.

We’re able to offer our customers as much as 35% savings, with an ROI which can exceed 500%.

That’s effective purchasing.

In under two weeks, we can offer your company immediate savings.  With CenterPoint, those savings are sustainable. You get multi-year protection to support your budgeting with indexed pricing and caps.

CenterPoint Group

Now that we’ve revealed how consolidating your spend can help streamline your purchasing habits, it’s time to think about joining us to benefit from the undeniable power of numbers.

Contact us.  Streamline and consolidate your purchasing with strategic expertise.

Understanding the benefits of an effective Procure-to-Pay and Category Management Process

Procurement professionals are served by understanding the benefits of an effective procure-to-pay and category management process, as these are two of the building blocks of effective procurement, as it relates to operational finance. Let’s start by defining our terms. Procure-to-pay An effective procure-to-pay system provides organizations with full transparency throughout the procurement life cycle.  Insight… Continue Reading

The Role of Supply Management in Mergers and Acquisitions

The whole point of mergers and acquisitions is to improve market standing and thus, earnings.  An acquisition not only knocks a competitor out of the running, that competitor’s resources and systems are added to your company arsenal. But the single most important factor in a successful merger is how the supply chain is handled as… Continue Reading

How Blockchain can bring greater value (cost reduction/efficiency improvement)  to Procure-to-Pay (P2P) providers and their customers

Blockchain is sufficiently complex that many find it a technically challenging idea to grasp.  Here, we’d like to offer a less technically dense explanation of its benefits for P2P providers and their customers. Much more than a ledger or database, Blockchain is more like a “digital trust”.  It can act as a backbone to one… Continue Reading

Is your supplier giving you a good deal?  Benchmarking can find out

Most suppliers will claim they’re barely turning a profit on your account. But how can you be sure? The statement isn’t dollar-specific, but it implies you’re getting the supplier’s best number.  It’s vague enough to be more of a fib than a lie! It’s not all about their numbers, though.  Your numbers matter, too. How… Continue Reading

Supply chain RFPs consume significant time and resources. We have the solution

The Request for Proposal process has many challenges.  You’re looking for the best deal and multiple vendors are looking to become your “go to” source for the goods or services you’re reaching out to procure. But supply chain RFPs consume significant time and resources and they often don’t get done what you anticipate they will,… Continue Reading

How to Avoid Price Increases

US Paper Mills increase prices twice in a 3-month period leading to rising costs for business, CenterPoint’s members are protected  In recent months, US paper mills have raised their prices by 20%, causing businesses who depend on their products to feel a significant pinch. This has occurred due to an increase in the prices of… Continue Reading

The rising cost of data usage on mobile devices

Employees consuming a massive amount of high-speed data is leading to huge increases in company cell phone bills, as most companies pay by the gig. Data usage on mobile devices is at an all-time high. Smartphone users lead the pack in this respect, with average usage hitting 314 GBs per month, per user.  That’s a… Continue Reading

How the Cloud is Making Procurement More Efficient

They say that the bigger they come, the harder they fall.  But when it comes to procurement, the bigger you are, the more complicated the process. With a growing roster of suppliers and employees dedicated to the supply chain, chaos can ensue, if due care isn’t taken to institute policies and practices which govern procurement. … Continue Reading

How Your Business Can Save on Utility Costs in Deregulated States

While some of energy deregulation’s beneficiaries will be only too happy to tell you that deregulation will save you a ton of money, the reality is a little more nuanced. They’ll tell you that competition is great for pricing and that more choice favors the consumer.  Again, the reality is more nuanced than the hype… Continue Reading

© Centerpoint Group LLC | All Rights Reserved