Cost reduction is to lower your existing cost with regards to a spend category with or without engaging into a new contract or agreement. You can accomplish this task with analyzing your current expenditure accurately over a fixed period of time usually 12 months and...
Probably the most important step in the process is to analyze your current expenditure accurately and methodically in order to arrive at the raw numbers which make up your monthly expense. This part requires a great deal of due diligence and attention to detail as...
Learn about your internal process and departmental workflow related to the specific category to which you want to apply a cost reduction process. ...
Another very important step towards sourcing out the right solution at the right price is the creation of a Request for Proposal or (RFP) that will be sent to multiple vendors and details all the specs, requirements and desired terms and conditions as well as...
The responses need to be thoroughly examined and compared to the current scope of work, terms and conditions. The top vendors need to be interviewed and their references checked out in order to determine the best fit vendor to fulfill all the needs and requirements...
It is imperative that after all the hard work in determining current needs, evaluating RFPs and picking a winner, that we have a precise and methodical implementation schedule with clear timelines and communication modules in place in order to complete the cost reduction process. This...
We are professionals with an average tenure of 25 years in office technology industry and related fields with a strong history of success in achieving results. Here at Office Technology Partners you get the benefit of a low overhead with over a billion dollars in purchasing leverage...
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text] A large non-profit lowers its cost of operation by almost 35% Current State and Challenges A large non-profit organization with multiple locations, has several ongoing lease and service contracts with different expiration dates. Some of these lease contacts have been...
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text] An Insurance Agency’s high cost of operation related to Telecom Current State and Challenges A mid-size Insurance agency is spending a high dollar amount on their existing phone and internet infrastructure. They are faced with a plethora of phone lines...
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text] Large CPA Firm improves their cost of Document Management Current State and Challenges The Los Angeles based CPA firm faced significant costs for record storage and shredding. An analysis of recent invoices by records and information management experts at OTP...