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Strategic Sourcing Initiative Saves More Than $134M

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 $1,036.86 4.6% $59.90
Mail Services Jan-09 $46.84 27.9% $20.95
Food Sep-08 $341.66 2.0% $6.83
Office Equipment May-09 $46.05 18.7% $10.59
Fleet Apr-09 $234.73 2.4% $5.74
Energy Management Aug-11 $43.34 15.8% $8.11
Charge Cards Feb-11 $15.75¹ 30.0% $6.75
Traffic Control Devices Nov-10 $34.34 10.3% $6.17
Office Supplies Sep-10 $26.24 15.9% $4.96
Mail Equipment Feb-09 $17.30 15.9% $3.27
Travel Services Mar-10 $2.55 17.7% $0.55
Merchant Card Services Nov-09 $1.00 35.5% $0.55
Grand Totals $1,846.44 6.1% $134.37

NOTES:

  • ¹ Charge Cards Analyzed Spend reflects rebates generated by state agencies and CO-OP members through the contract not the total amount charged.
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