Spend Analysis, Telecommunications & Utilities Audit & Vendor Contract Analysis
- $210, 000 in annual savings from VIE identifying and fully implementing expense reduction services in the telecommunication department. This included $118,000 in credits and refund checks from errors and overpayments from vendors.
- $545,000 in annual savings from telecommunications re-engineering projects
- $103,000 annual savings from re-rate of energy charges
- $310,000 annual savings from a vendor contract - misalignment savings in supply costs. This included $80,000 in credits and refunds for past year errors.
- 20% reduction in waste disposal costs
- $65,000 in office supply reductions
- $102,000 in linen cost reduction
- Equipment Repairs - $284,000 savings annually
- $1,284,000 in savings from review of an existing services management contract that was ready to be renewed. A national benchmark study was performed and it was identified that the contract was 20% higher than other similar agreements
- $43,000 in annual savings for a consolidation of janitorial vendors & supplies