PROCUREMENT

Procurement

Procurement Strategy

30

Years of firm experience

1 Billion +

in client procurement services

24%

average client cash reduction

78%

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.


Bid Package

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.


Partnering

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:


  • Agriculture

    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:


    • Boxes
    • Chemicals
    • Fencing
    • Fertilizer
    • GPS
    • Irrigation and Drip Lines
    • Lubes and Oils
    • Seed and Seedlings
    • Tires
    • Tractors
    • Trellis Material
  • Automotive

    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:


    • Advertising
    • Asphalt
    • Construction
    • Embroidery
    • Incentives
    • Janitorial Services and Supplies
    • Lubes and Oils
    • Printing
    • Promotional Items
    • Signage
    • Uniforms
  • Apparel

    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:

    • Advertising
    • Equipment
    • Hardware
    • Janitorial Services and Supplies
    • Material
    • Packaging Materials
    • Printing
  • Travel

    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:

    • Advertising
    • Artwork
    • Asphalt
    • Bathroom Items
    • Bedspreads
    • Carpet Cleaning
    • Construction
    • Foodstuffs
    • Furniture
    • Janitorial Supplies
    • Landscaping Services
    • Light Bulbs
    • Mattresses
    • Painting Contractors
    • Pillows
    • Promotional Items
    • Textiles
    • Window Cleaning Services
  • Chemical

    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:

    • Advertising
    • Artwork
    • Asphalt
    • Bathroom Items
    • Bedspreads
    • Carpet Cleaning
    • Construction
    • Foodstuffs
    • Furniture
    • Janitorial Supplies
    • Landscaping Services
    • Light Bulbs
    • Mattresses
    • Painting Contractors
    • Pillows
    • Promotional Items
    • Textiles
    • Window Cleaning Services
  • Construction

    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:

    • Alarm Systems
    • Appliances
    • Bathroom Fixtures
    • Cabinetry
    • Cleanup
    • Concrete Contractors
    • Electrical Contractors and Supplies
    • Flooring and Flooring Contractors
    • Garage Door Openers
    • Hardware
    • Landscape Material
    • Lighting
    • Paint and Painting Contractors
    • Plumbing Contractors and Supplies
    • Roofing Contractors and Supplies
    • Solar Systems
    • Water Heaters
    • Windows and Doors
  • General Services

    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

  • Manufacturing

    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:

    • Advertising
    • CNC Machinery
    • Construction
    • Equipment
    • Fasteners
    • Forklifts
    • HVAC
    • Janitorial Services and Supplies
    • Packaging
    • Printing
    • Raw Materials
    • Resurfacing
    • Safety Equipment
    • Uniforms
  • Media

    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:


    • Duct Tape
    • Fasteners
    • Fuel
    • Ink and Paint
    • Janitorial Service and Supplies
    • Lighting
    • Oils and Lubricants
    • Ratchets
    • Structures
    • Tires
    • Tools and Shop Supplies
    • Trucks
    • Vinyl

    PRINT

    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:


    • Computer Equipment
    • Office Furniture
    • Printing Services
    • Promotional Products

    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:


    • Billboard Advertising
    • Broadcast Equipment
    • Embroidery
    • Generators
    • Janitorial Services and Supplies
    • Office Furniture
    • Printing Services
    • Promotional Items
    • Studio Equipment
  • Pharmaceuticals

    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:

    • Bottling and Packaging
    • Chemicals
    • Equipment
    • Forklifts
    • Janitorial Supplies
    • Plastics
    • Printing
    • Raw Materials

  • Property Management

    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:

    • Advertising
    • Appliances
    • Asphalt and Concrete Services
    • Carpet and Flooring Materials
    • Carpet Cleaning
    • Hardware
    • HVAC Repair and Installation
    • Janitorial Services and Supplies
    • Landscape Material
    • Landscaping Services
    • Light Bulbs
    • Paint and Painting Contractors
    • Plumbing Contractors
    • Pool Maintenance
    • Printing
    • Water Heaters
    • Window Cleaning
  • Retail

    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:

    • Advertising
    • Construction
    • Janitorial Services and Supplies
    • Lightbulbs
    • Printing
    • Promotional Materials
    • Signage
Share by: