Spend Management

Sourcing Indirect Spend

Deep Expertise in All Areas of Indirect Spend

For indirect spend categories that are common to most companies, we have developed deep expertise, market intelligence along with benchmark data, tools, and processes to achieve optimal results quickly. What sets us apart is our ability to tailor our proven methodology to our customers’ unique circumstances and requirements.

Administrative Products

Transportation

Professional Services

Temporary Labor

Marketing Services

Telecommunications

Information Technology

We are experts at sourcing indirect spend across a wide variety of industries

Improve quality and service while optimizing costs

Velocity Procurement has the experience, subject matter expertise, and market intelligence that organizations rely on to optimize their indirect spend and improve their procurement processes.

Velocity’s team of strategic sourcing experts has a deep understanding of procurement best practices, as well as extensive experience working with a variety of industries.

Achieve cost savings through performance-based strategic sourcing consulting services. Get procurement support on a contingency or gainshare basis

Our team of sourcing consultants analyzes indirect spend to identify opportunities for cost savings, risk mitigation, improved compliance, and proactive contract management.

Most importantly, we implement results. Once opportunities are identified, we will develop and implement strategies to achieve savings and realize improvements. By leveraging the expertise of Velocity’s spend management consulting team, you can increase efficiency and reduce costs, ultimately improving your bottom line.

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Administrative Products & Services

Proactive management of spend and suppliers through reverse auctions allow you to optimize cost savings with eAuction solutions

Velocity Procurement’s team of strategic sourcing specialists brings years of experience managing spend for all types of administrative products and services, and utilizes innovative approaches such as refined spend categorization to address each area strategically. Velocity identifies savings opportunities and helps bring maverick spend under compliance in what is often one of the highest spend and least scrutinized categories within an organization.

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Transportation, Logistics & Fulfillment

Regardless of the mode of transportation or level of service needed, Velocity has subject matter experts in all areas of transportation, logistics, and fulfillment including 3PL/4PL services. Transportation is one of the most critical areas to a company’s success because it impacts the supply chain from the bottom (inbound suppliers) to the top (end customers). Let Velocity find the right mix of service levels and cost to minimize your distribution expenses.

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Professional Services & Temporary Labor

One of the most outsourced areas of spend within organizations: Professional and Temporary Labor Services are critical categories to manage successfully. Velocity Procurement’s sourcing process from RFI development to final selection scrutinizes and assures key service levels and KPI’s are met prior to awarding business. In addition, Velocity’s detailed modeling tools can run a variety of optimized scenarios to help choose what is most important from service providers and obtain it at the most favorable cost. Common strategies Velocity utilizes for temp labor services include setting rate ranges based on precise job categorizations, limiting overtime markup, and negotiating reduced rates for tenured workers.

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Marketing Services

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Telecommunications

Velocity Procurement provides comprehensive spend management solutions for wireline and wireless voice and data telecommunications services. Our services include audit, benchmarking, strategic sourcing, negotiations, implementation project management and category management. Our expert team of telecom strategic sourcing specialists can review your telecom portfolio and deliver recommendations to improve service quality and reliability while reducing cost.

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Information Technology

Our IT strategic sourcing consultants act as a liaison between procurement and IT category and supplier relationship owners. We collaborate with client teams to drive proactive strategies to manage contracts, supplier relationships, and spend, supporting IT’s objectives while increasing spend under management and reducing cost. Whether you need spend analysis and opportunity identification, benchmark data and market intelligence, sourcing execution, negotiation support, or project management, our sourcing experts can help.

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Insurance

Gain insight into coverage and cost improvement potential for your existing insurance plans or allow us to provide strategic sourcing support for your review of the market to identify viable alternatives for your insurance requirements.

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Travel

From sourcing the services related to the management of travel, to managing the actual costs of hotels, airfare and rental cars, this category can be a key area for cost savings. Let the experts at Velocity Procurement help you to manage the various aspects that travel entails. Our sourcing experts have experience in everything from sourcing rental car programs to sourcing private chartered jet services.

This is also an area where a robust spend analytics program like Velocity offers can help identify hidden or uncategorized travel expenses so they can be understood, monitored, and addressed.

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Energy & Utilities

Velocity Procurement is experienced in helping clients reduce energy and utility costs and implementing sustainable, efficient energy technologies and programs. Our team can help you benchmark rates, assess the market, and identify opportunities to reduce costs, optimize contracts, and simplify the management of your energy and utility services and supplies.

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Facility Management

Our team of facilities management strategic sourcing specialists is experienced in managing the procurement of goods and services necessary for the maintenance and operation of buildings and their systems. We act as an intermediary between the procurement team and the suppliers of these goods and services, working with client teams to devise proactive strategies for managing contracts, supplier relationships, and expenditure. Our aim is to support the facilities management team’s goals while increasing spend under management and reducing costs. Our experts can help with various tasks, including spend analysis and opportunity identification, benchmarking and market research, sourcing and procurement execution, negotiation support, and project implementation.

Whether you need assistance with a one-time project or ongoing support, we are here to help with all your facilities management procurement needs.

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Finance

Do you have a good grasp on the financial services your company utilizes, in terms of consolidating spend and ensuring you are receiving the most competitive rates? Our team of spend managers can help review and negotiate rates to align with the market. A key step is also reviewing ancillary charges such as travel expenses and fees that if left unattended can often make up a significant added cost for these types of services.

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Human Resources (HR)

Your employees are your most valuable asset. Allow Velocity Procurement to help make sure you are vetting and retaining the right employees through our extensive HR sourcing expertise, from the procurement of Employee background screening services to training and staffing agencies.

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MRO

Our team of MRO strategic sourcing specialists is experienced in managing the procurement of goods necessary for the maintenance, repair and operation of buildings and equipment. We act as an intermediary between the procurement team and the suppliers of these goods, working with client teams to devise proactive MMRO (Managed MRO) strategies if needed for contracts, supplier relationships, and expenditure. Our aim is to support the procurement team’s goals while increasing spend under management and reducing costs. Our experts can assist with a variety of tasks, including spend analysis and opportunity identification, establishing market basket pricing for frequently purchased goods, and identifying maverick spend to ensure spend across the organization is competitively priced. We can also assist in competitive bid processes, including Reverse Auctions to minimize spend for highly commoditized goods with numerous suppliers. We are here to help with all your MRO procurement needs.

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Packaging

Companies that sell products will necessarily need to manage their spend on material to protect those goods. Let Velocity Procurement help you select the right protective materials to ensure products arrive undamaged while obtaining the most competitive price for these highly commoditized items. Why pay more when you can use Velocity to ensure you are paying better than benchmark rates for these easy to source items through RFPs or helping to find GPO (Group Purchasing Organizations) to join to leverage your spend by combining it with other small– to medium–sized companies.