|Finding $163K in Savings: The Power of Strategic Purchasing

The Situation

Client believed that they had procured the best price for commonly utilized products.

The Dream

MyBrand's goal is to proactively drive client value before they even ask for it.

The Innovative Solution

MyBrand proactively performed a year-over-year product analysis on how to consolidate ordering habits of six commonly ordered products to a one-time a year purchase versus several production runs throughout a calendar year.

Reports were run by brand, product category, and by individual products to gain insight on where ordering efficiencies can take place for further cost savings. Data analyzed over a three-year buying period ensured a large history of field needs were considered to ensure accuracy of future projections.

The Results

This solution resulted in $163,438.10 savings on $1,057,694.37 in previous spend. The results added up to a 15.5% product savings on 6 products alone.