testimonials:

"We highly recommend Insight Sourcing Group. All in all, ISG has improved our EBITDA by over $2 million annually by sourcing Dental Supplies and Direct Mail. The projects not only generated double-digit savings, ISG put a contract structure in place that has allowed us to more effectively manage the category and drive additional savings." Rodney Cawood Chief Financial Officer
FORBA Holdings LLC
Operator of over 60 'Small Smiles' dental clinics
(private equity owned)

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Spend Management Services

Long term savings sustainability.

You have captured significant savings with Strategic Sourcing. Now what? ISG offers an array of advanced services to take sourcing and procurement to the next level.

Category Management
ISG’s unique and innovative Category Management solution is a web based tool that produces easy-to-use dashboards and drill down reports for line item detail for target categories. View key metrics, track spend and savings, automatically audit pricing, and gain insights not available from supplier reports or internal systems. Manage a category at a world class level in just minutes per month.

Category Management Screenshots

Compliance Management Service
Maverick spending with non-preferred, higher-cost vendors diminishes savings, increases administrative costs, and can cause your company to lose valuable preferred agreements. We will help you implement our exclusive best practices to achieve 99% compliance rates. We can also provide on-going monitoring through our SpendHQ™ managed services with our new Compliance Management dashboard.

Demand Management Service
Achieve 100% savings by eliminating unnecessary spending. ISG’s quick hit analysis and on-going support can drive out waste and ingrain best practices to sustain lean operations and strong margins. If you’ve mastered best practices in Strategic Sourcing, it may be time to move to the next level.

Supplier Performance Management
The performance of your key suppliers can have a direct impact on your operations and financial success. For critical suppliers, ISG can develop a low cost, world class Supplier Performance Management (SPM) program to measure and monitor performance and maintain peak effectiveness.

Category Price Auditing Services
Studies have shown that pricing error rates can range from 1-2% of spend. ISG’s own experience has shown that in some categories and for some suppliers, the error rates can be as high as 10%. This is particularly true if:

The supplier has poorly integrated systems often as a result of acquisitions
Local supplier offices operate on their own P&L
Category pricing is complex, with a large number of SKUs or items
Prices are allowed to change during the contract

ISG Category Pricing Audits are designed to:

Recover overcharges
Validate pricing in Cost-Plus or Guaranteed Margin programs
Verify best-in-market pricing for outsourced programs (such as print management)

Example Category Audit Results

$300,000 Office Supplies Recovery (6%)
5% Error Rate discovered for a Temp Labor program - Resolved root cause
Uncovered a 12% error rate in a Uniforms program
2% Freight Audit Recovery returning $250,000
$500,000 Telecommunications Recovery from overcharges & unused lines