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Strategic Sourcing Initiative Saves More Than $163M

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 Cost Savings/Cost Avoidance Analysis (Conservative Approach)

Category Verified as of (Date) Analyzed Spent ($Millions) Realized Savings ($Millions) Realized Savings (%) Change Since 8/31/2013
Road Aggregate 4/30/2014 $1,086.82 $68.98 6.0% $9.08
Food 4/30/2014 $424.10 $16.06 3.6% $9.23
Fleet 4/30/2014 $281.48 $4.38 1.5% ($1.36)
Energy Management 4/30/2014 $56.12 $14.67 20.7% $6.56
Office Equipment 8/31/2013 $46.05 $10.59 18.7% $0.00
Mail Services 4/30/2014 $54.08 $21.49 28.4% $0.53
Traffic Control Devices 4/30/2014 $49.34 $8.11 14.1% $1.94
Travel Services 4/30/2014 $2.85 $0.59 17.2% $0.04
Charge Cards 4/30/2014 $20.47 $8.89 30.3% $2.14
Merchant Card Services 4/30/2014 $1.98 $0.70 26.1% $0.15
Mail Equipment* 4/30/2014 $18.85 $3.54 15.8% $0.27
Office Supplies* 4/30/2014 $29.63 $5.54 15.8% $0.58
Grand Totals $2,071.77 $163.54 7.3% $29.16


* Estimated amount based on average Cost Savings after removing the outliers through statistical procedure.

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