Identify, Aggregate, and Leverage Your Organization’s Indirect Spend To Achieve Best Market Price
The Co-exprise MarketPlace Opportunity Assessment is a system that enables your organization to realize significant savings on the purchase of a wide variety of indirect spend items.
In contrast to our repeatable MarketPlace offerings – like the Energy and Food MarketPlaces discussed on this site – Co-exprise MarketPlace Opportunity Assessment reduces your indirect spend by identifying, aggregating, and leveraging commodities within your organization – and achieving best market price for those commodities.
We start by identifying high-leverage, indirect spend opportunities. After which, we develop additional financial leverage by aggregating these spend items throughout your organization. Using our MarketPlace knowledge, we then qualify and mobilize a competitive supply base capable of servicing your organizations indirect spend needs.
In preparation for bidding, we prepare a detailed Request For Quotation (RFQ) based on your needs. We then arrive at best terms and conditions by collaboratively and carefully reviewing the RFQ with a comprehensive list of highly qualified bidders. Then, we couple our unique strategic sourcing process with cutting-edge Internet based negotiations/auction technology that drives suppliers to lower their bid prices based on real time market feedback.
At the end of the bidding process, a contract is awarded to the most competitive supplier – at best market price. Post bid, our Opportunity Assessment continues to work with you to audit your supplier invoices to assure your awarded supplier is accurately and fairly invoicing you at the contracted price.
MarketPlace Opportunity Assessment has saved organizations significant dollars in a wide variety of indirect spend areas. Here is a partial list of potential cost savings opportunities:
Commodities:
- Electricity
- Natural gas
- Diesel fuel
- Industrial gases
- Propane
Maintenance/Repair/Operations:
- Castings
- Shipping materials
- Computers
- Weld wire
- Soap
- Cutting inserts
- Hand tools
- Silver solder/flux
- Forklifts
- Industrial coatings (e.g. silver contacts)
- Packaging
- Palettes
- IT Supplies
- Bearings/Bushings
- Welding Equipment
- Shop towels
- Uniforms
- Janitorial Supplies
- Paint
- Material Handling Equipment
- Abrasives
- Gases
Services:
- Janitor services
- Protection services
- Waste management
- Environmental remediation
- Transportation
- Temp Labor
|