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Custom Sourcing
For most large fleet, multi-location transportation companies, complex purchasing functions pose an opportunity for significant savings through improved process efficiencies and enhanced price negotiations. The sourcing and procurement functions at most transportation companies run lean. Most often, transportation companies are too strapped to invest their capital, time and energy to manage an effective procurement strategy. Furthermore, because of various market conditions, most multi-location transportation companies experience inconsistencies in product utilization and pricing normalization, causing a rapid increase in total cost creep.
By employing the right, proven procurement strategy and approach, savings of 10-40% can be achieved.
CrownSource eliminates these problems through its Procure-to-Pay technology and Custom Sourcing solutions. Our Custom Sourcing team leverages our industry knowledge-base, contracting experience, sourcing processes, and human resources with the power of a transportation company’s buying power and data to best optimize sustainable savings and efficiencies across its business.
CrownSource subject matter experts utilize proprietary benchmarking to develop the best sourcing and contracting strategy for your organization. This team utilizes line-item benchmarking of current spends within the customer’s internal landscape, as well as against the external marketplace; cross-reference benchmarking of all equivalent products from all competing suppliers within the internal, and external, landscape; spend analysis; supplier identification and qualification; custom contracting management, negotiation, supplier compliance, and realized savings auditing to ensure effective contract performance.
Decades of contract negotiation experience taught us how to deliver great results. We ensure contract negotiations – part of a full custom contracting initiative – drive operational efficiency and effectiveness across customers’ entire sourcing and procurement strategy.