Years of firm experience
in client procurement services
average client cash reduction
success rate on expense reduction within spend categories
IOC’s 7-Step System starts with looking at the procurement opportunity at hand. We discuss with our client all the surrounding information around the goods or services that they are looking to purchase over the next 12-24 months. This discussion period allows for us to determine if we believe that we can achieve a cost reduction dependent on the spend items. We further discuss the client’s price quotes along with specifications, delivery schedules, and current and other preferred vendors of the particular items.
Our team also compiles all clients that are looking to purchase the same or similar items along these category spends to command larger quantities with our bids. This aggregated approach allows for Procur to reduce the cash spend amongst multiple clients with smaller individual buys. All this detailed information allows for IOC to start its intensive supplier research.
After having consolidated all our research from our supply chain experts, we send out our unique RFB package that states the exact same specs and details that were compiled from our client’s needs. This two weeklong process allows us to bring in dozens of quotations globally within and outside of our network of supply chain partners. Once this process is complete and our team has gathered all permanent information, the negotiations begin. At this stage we review the top supplier options and have our professional negotiators work to command the best possible pricing that can potentially be achieved.
Once we have established what the best selection will be based off our RFB package criteria, the bid is awarded to that chosen supplier. This is the point that we discuss the new pricing structure that our client will be paying and the new vendor that they will be buying from. While we will still assist our client and vendor through this process, IOC will then take a step back as the client and vendor discuss delivery and implementation of the product or service that they have negotiated to purchase.
As a company we continuously come back to the same system that allows us to drive this value no matter the industry. While certain industries will always have their unique challenges, the 7-step system allows for IOC to navigate any industry with expectancy of success. The fundamental values that continue to propel our success are the same values that have developed our leadership into industry experts within the more prominent industries that we purchase into. These industries are listed below:
Procur programs assist the agricultural industry to increase margins and lengthen budgets by allowing for both first fruit and remnant fruit to be used to offset cash expenses. By using finished fruit as a currency to pay for continuing expenses or one-off expenses substantial cash savings can be used to purchase:
DEALERSHIPS
Developed over decades of close relationships with both automotive manufacturers and dealers, Procur has assisted both manufacturers and dealerships with local and national advertising campaigns and in traditional Op Ex and Cap Ex expenses such as:
The challenges of the apparel industry can benefit from Procur’s numerous procurement programs in order to reduce the cost of their manufactured goods and overhead operating expenses by using finished goods as a payment for items normally purchased with cash. Some of those items are:
Cruise
Allowing the cruise industry to use their cabins as payment for traditional expense items, Procur has commanded a net savings of tens of millions of dollars of general and industry-specific items such as:
Hotel
Using hotel rooms as a currency to purchase a broad array of goods and services traditionally paid for by cash, Procur programs substantially reduced the net effective cost of many items used throughout the industry. With incremental costs below 15%, the hotel industry can substantially reduce their costs on OP EX and Cap Ex expenditures. Items such as:
Cruise
Allowing the cruise industry to use their cabins as payment for traditional expense items, Procur has commanded a net savings of tens of millions of dollars of general and industry-specific items such as:
Advertising
Foodstuffs
Janitorial Supplies
Oil and Lubricant
Paint
Promotional Items
Soft Drinks and Water
Textiles
Wine and Beer
Hotel
Using hotel rooms as a currency to purchase a broad array of goods and services traditionally paid for by cash, Procur programs substantially reduced the net effective cost of many items used throughout the industry. With incremental costs below 15%, the hotel industry can substantially reduce their costs on OP EX and Cap Ex expenditures. Items such as:
With a broad range of goods and services needed throughout the construction industry, Procur has developed an effective procurement program enabling their clients to purchase the bulk of goods and services used within their industry. Having served the construction industry for over twenty years, Procur can affect a net cash savings on items such as:
All businesses have a commonality in which procure programs have been able to assist in reducing their Op Ex and Cap Ex budgeted items. Through aggregate buying power, Procur is able to command a favorable scenario allowing for an inventory credit of our client’s inventories to be used to purchase such things as:
Advertising
Carpet Cleaning
Embroidery
Janitorial Services and Supplies
Maintenance
Office Equipment
Office Furniture
Printing
Promotional Items
With over thirty years of developing customized programs for the manufacturing industry, Procur has been effective in purchasing a mélange of goods and services ranging from maintenance to entire production lines. Procur can assist with the purchasing of such items as:
OUT-OF-HOME
Procur programs allow for billboard companies to use their billboard faces as payment for costs associated with Op Ex and Cap Ex expenditures. Procur’s predecessor, ABS Worldwide was the pioneering company to develop extensive purchasing programs for the billboard industry as a whole purchasing over $100 million worth of products. By using the advertising space as payment for various expenses, the companies incremental cost affords a substantial cost reduction to traditional expenses such as:
Procur programs allow for publishing companies to use their ad space as payment for costs associated with Op Ex and Cap Ex expenditures. With the traditional 8 to 14% incremental cost of ad space, the Procur programs dramatically reduce the net cost of traditional mainline expenses such as:
RADIO
Procur programs allow for the broadcast industry to use their commercial time as payment associated with Op Ex and Cap Ex Expenditures. To date Procur’s programs have assisted the broadcast industry with over $40 million in procurement savings. With a minimal incremental cost, the large margins afforded the broadcast industry will dramatically reduce the net cost of traditional mainline expenses such as:
Procur Global Sourcing has purchased across multiple industries with the same ideology at the forefront – how can we reduce our client’s spend. As a company we continuously come back to the same system that allows us to drive this value no matter the industry. While certain industries will always have their unique challenges, the 7-step system allows for Procur to navigate any industry with expectancy of success. The fundamental values that continue to propel Procur’s success are the same values that have developed our leadership into industry experts within the more prominent industries that we purchase into. These industries are listed below:
By using vacant properties such as apartments, condominiums and commercial spaces as a currency to purchase ongoing construction, repair and maintenance goods and services, property management costs can be substantially reduced. Through Procur programs, vacant properties can be converted to credit producing revenue in order to offset the cost of:
Retail has an ongoing need for a wide variety of goods and services in order to maintain a competitive presence. Procur has worked with retail for over thirty years to develop a wide range of programs allowing for a substantial cost reduction of its ongoing expenses. Through the procure programs, the retail industry can use their retail pricing as a valuation against their purchases substantially reducing the net cost of purchasing such items as:
SITE MAP
This website is informational only, and does not constitute an offer to sell securities, commodities, currencies or any other type of investment instrument, nor is it a solicitation of offers to buy any of the foregoing, nor is it an offer of a contract to do any of the foregoing. All rights and obligations between the Corporation and any other party, if any, will be governed exclusively by a written agreement between such parties.
Regulatory Compliance
The Corporation operates strictly in compliance with all applicable laws, rules and regulations in the U.S. and in all jurisdictions where it conducts business. In particular, but without limitation, the Corporation complies fully and completely with the International Traffic In Arms Regulations, Foreign Corrupt Practices Act of 1977, Office of Foreign Assets Control, Export Administration Regulations and Committee on Foreign Investments in the United States. Further, it insists that its clients do likewise.
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