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 Ancillary charges, billing for products or services never received, and outdated or inappropriate contracts that don’t meet a firm’s needs account for some of the problems.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 of the ‘watch dog” burden – making certain that service and products suppliers are meeting their contractual obligations.
ORS evaluates your present contracts, benchmarking your costs with other firms in your industry and size category, researching usage history and vendor relationship history. This provides ORS with the data necessary to draw conclusions that result in cost savings recommendations for your firm.
ORS can also act as procurer to negotiate new contracts for services or products or renegotiate contracts, finding 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 doesn’t save dollars, you won’t pay a fee. Call and we’ll explain how it works.
The Services
- 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 (requests for proposals), co-op markets and online auctions for equipment and supplies 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 client firm
- Assessments of organizational staffing and processes – ORS’ multi-industry experience and operations knowledge ensure our ability to provide you with an accurate second opinion regarding the current status of your operations and lead any necessary redesign
New Cost Management Approach
Once ORS has analyzed your firm’s current position, the next step can be ongoing cost management with outsourcing of appropriate services and suppliers. With ORS at the helm, you’ll be provided with the cost management expertise and leadership that will save your firm significant budget dollars.
Asset Reconciliation Systems
Partner with your vendors using the system, allowing both your firm and supplier to maintain a current inventory of equipment and supplies, as well as a bill-matching service.
The system takes full advantage of the latest Internet-based technology to:
- Create a forum for ongoing communication between 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 customer and vendor can track equipment inventory and usage with monthly one-to-one match of billing and annual outside audits can be easily accomplished
