Cost Management Solutions
The larger or more complex a corporation’s business model is, the more difficult it can be to maintain a comprehensive knowledge of the costs of goods and services. Ancillary charges, billing for products and services that are outdated or never received, and outdated or inappropriate contracts that do not meet a firm’s needs account for some of the problems.
By taking ownership of your cost management process, Oscar Robertson Solutions (ORS) specialists can save your corporation significant dollars and relieve your purchasing department this burden to make certain that service and product suppliers are meeting their contractual obligations.
ORS evaluates your present contracts by benchmarking your costs with
other firms in your industry and size category and researches usage and
vendor-relationship history. This provides ORS with the data necessary to
draw appropriate conclusions that result in cost-saving recommendations
for your firm.
ORS can also act as a procurer to negotiate new contracts for services and
products or renegotiate contacts to find the best suppliers at the best
pricing to maintain and upgrade the quality currently being received from
your present suppliers.
Our fees are based on your cost savings. If your firm does not save dollars, then you will not pay a fee. Call and we will explain how our Cost Management Solutions process works.
Services include:
- Cost reduction––Evaluation of current vendor contracts and services with recommendations for changes and negotiation of new contracts or re-negotiation of current contracts when warranted
- E-procurement––Availability of online project bids (including requests for proposals), co-op markets, and online auctions for equipment and supplies that all lead to reduction of purchasing and administrative costs
- Audits––Objective outside review of billing and actual usage of products and services to ensure accuracy on the part of both vendors and the client firm
- Assessments of organizational staffing and processes––Multi-industry experience and knowledge ensure that ORS provides you with accurate advice on the current status of your operations
New Cost Management Approach
Once ORS has analyzed your firm’s current position, the next step is ongoing cost management with outsourcing of appropriate services and suppliers. With ORS's guidance, you will be provided with the cost management expertise and leadership that will save your firm significant budget dollars.
Asset Reconciliation Systems
Our system will partner with your vendors, which will allow both your firm and suppliers to maintain a current inventory of equipment and supplies as well as provide a bill-matching service.
The system takes full advantage of the latest internet-based technology to:
- Create a forum for ongoing communication between the vendor and customer
- Provide a simple, verifiable mechanism for independent verification and ongoing internal control over recurring asset expense
- Develop a secure, encrypted, online environment where the customer and vendor can track equipment inventory and usage with monthly one-to-one match of billing and annual outside audits
