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- Cost savings range from 7%-45%+ on indirect purchases, with an average savings of 13.4%
- Maximizes discounts from aggregating and levering with other Fortune 1000 ranked partners
- No cost*
- No capital investment
- No personal investments, No hardware or software investments
- No obligation or commitment
- No minimum requirements-eclectic-choose only the programs you wish
- Immediate savings
- No data research or benchmarks required
- New cash revenue streams ("CRS") option
- "Guaranteed" future improved savings
- Improves ROIC and EPS by driving cost savings directly to the bottom line
- Easy to use and implement
- Supported by local Summit Consortia Management team
- Uses common interest-based purchasing tools
- Improved supplier relationship management
- Highest quality products and suppliers
- Greatest value-added pricing, service and technology
- Generates additional savings from "customer specific pricing" and "guaranteed savings" programs
- Improved reporting and streams record-keeping
- Maximizes impacts of supplier based training, both technical and operational
- Dedicated, professional commodity management team
- SCM account team conducts systemic Quality Supplier Quality and Continuous Improvement Meetings
- Complements existing client corporate procurement teams
- Insures uniform pricing accuracy across locations
- Reduces inventory and carrying costs for Indict Purchasing
- Increases technology exchange between supplier/partners
- Improves payment terms and cash flow
- Rewards program compliance/participation with added incentives
- Expert and exclusively dedicated to Indirect Purchasing commodities
- Facilitates global partnerships and increased savings
- Facilitates identification of idle assets and equipment Xchange programs
- Continual process improvement (CPI) program and support
- Optimum protection of your confidential information or intellectual property
- Reduces transaction costs, fewer suppliers, fewer PO's (eliminates avg. $140/invoice)
- Reduces purchasing and administration time, and "maverick" spend (and processing)
- Reduces purchase cycle time and small purchases
- Shared cost of supplier management with other members
- Shared (quid pro quo) among other members
- Limited controlled membership-only a few area companies to join-membership by invitation only
- Independent Consortium with local corporations (3rd party helps ensure preventative firewall and insulates against potential anti-trust issues)
- Consortium is NOT industry specific
- Increases trust among member participation
- Exclusive representation of client members
- Maximum supplier control and exclusive participation
- No exclusivity required (member can retain other consortium memberships)
- Simplifies purchasing process by merely releasing orders against blanket orders
- Consortium benefits suppliers (by increasing business and reducing administration)
- No shared costs or management time (with this consortium)
- Built on similar buyer-supplier philosophies
- Creates new dimensions of strategic alliances-forms unique "multi-supplier strategic partnering ("MSP")
- Consortium built by procurement professionals dedicated to utilizing "world class standards"
- Clients share "best practices" with SCM's Newsletter and Annual Member Conference
- Customized Sourcing Services (CSS) - on a global scale
- Managed quarterly supplier performance reports
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