Get in Touch With Us
Call us at (502) 744-1449 with any questions or to schedule an appointment.
Cost Management Strategies
1110 Rostrevor Circle
Louisville, KY 40205
Or you may use our contact form.
Frequently Asked Questions (FAQ)
Every dollar saved is pure profit! It's that simple.
Cost Management Strategies (CMS) saves organizations money, period. Our effective process and pre-negotiated prices with local, regional and national suppliers give us the ability to offer savings of typically 5-30%. We provide our clients with a risk free objective review of their expense categories. Think of us as your second pair of eyes. Behind these eyes are procurement professionals who capture long-term savings for their clients.
Q: Will the CMS process add additional work for my associates and me?
A: Not at all! CMS does all the work behind the scenes while you are focusing on your core business activities. Once CMS
gathers all the necessary data and supplier infomration we bet busy. At the end of our analysis, we present the cost savings
that we were able to obtain. Basically, its business as usual when you work with CMS.
Q. What do you mean by the CMS process being "risk free"?
A: Our process is risk free from the standpoint that we share in the savings with our clients. Furthermore, our process poses
no risk to our clients because in the end, they choose what gets implemented and what does not.
No savings -- No fees.
Q. How are savings documented?
A. By the ACTUAL savings generated! We do not share in projected savings. Our process begins by benchmarking
your current spend categories. We determine what you are paying now and what you will be paying after our
negotiations with suppliers. Acutal savings are determined by tracking your actual spend over a two-year
period.
Q. Why do you think CMS can be more effective than our company in reducing costs?
A. Because we do it everyday. We analyze the same indirect spend categories with many of the same suppliers
on a daily basis. More importantly, we obtain better pre-negotiated pricing because of the collective group
purchasing power thorugh our affiliate network. As such, your organization can achieve much of the same
pricing advantage as Forture 500 companies enjoy.
Q. Why can't we do this in-house?
A. You can, but what often happens is that the project never gets fully completed and new vendors or pricing
structures with current vendors are seldom implemented. We will complete our review and assist with
implementation in six to eight weeks including auditing price structures and service over the first year.
Additionally, you will not obtain the price structures that we will because of the significant buying power from
the hundreds of local, regional and national supplier networks and clients we have negotiatied since 2004.
Q. We appreciate our vendors and do not want to upset them.
A. We understand and do not want to upset them either. However, how do you really know you are receiving the
most competitive price/service? All current vendors are asked to review their pricing structures and are given
every opportunity to become more competitive. Current vendors often reduce their pricing considering the
opportunities we can bring them with our other clients. Therefore, our organization validates your perceptions
or offers you the opportunity of the best price/service available.
Q. What happens if we do not like your recommendations?
A. Generally this only occurs when we have recommended a new vendor and the savings is not significant. Our
agreement states you are not obligated to implement any of our recommendations.
Q. What if our savings is not as high as you stated in your initial study and report?
A. Sometimes at the end of the first year the savings may not be as high as initially expected but sometimes it is
higher. This is due to the volume of your actual purchases, which depends on your business activity levels. Our
fee is based on the savings from your actual purchases, regardless of the projection made in the initial study.
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