Strategic Sourcing Initiative Saves More Than $123M
The Comptroller’s Strategic Sourcing initiative has realized savings across more than a dozen state contracts. The savings have been found by analyzing commonly purchased goods and services and developing new contracts to secure better prices, as well as monitoring vendor performance to achieve long-term cost savings.
Strategic Sourcing Realized Savings Analysis
| Category | Savings Start Date | Analyzed Spend $(Millions) | Realized Savings (%) | Realized Savings ($ Millions) |
|---|---|---|---|---|
| Road Aggregate | Mar-09 | $1,031.46 | 5.0% | $54.50 |
| Mail Services | Jan-09 | $45.90 | 30.4% | $20.01 |
| Food | Sep-08 | $293.28 | 3.3% | $10.04 |
| Office Equipment | May-09 | $40.86 | 18.7% | $9.42 |
| Fleet | Apr-09 | $184.58 | 4.0% | $7.71 |
| Energy Management | Aug-11 | $28.82 | 15.4% | $5.26 |
| Charge Cards | Feb-11 | $9.76¹ | 33.3% | $4.87 |
| Traffic Control Devices | Nov-10 | $32.64 | 12.8% | $4.47 |
| Office Supplies | Sep-10 | $17.16 | 16.0% | $3.27 |
| Mail Equipment | Feb-09 | $15.34 | 16.0% | $2.92 |
| Travel Services | Mar-10 | $2.32 | 15.9% | $0.44 |
| Merchant Card Services | Nov-09 | $0.77 | 35.7% | $0.43 |
| Grand Totals | $1,702.89 | 6.8% | $123.3 |
NOTES:
- ¹ Charge Cards Analyzed Spend reflects rebates generated by state agencies and CO-OP members through the contract not the total amount charged.