Strategic Sourcing Initiative Saves More Than $100M
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 | $777.7 | 6.1% | $50.74 |
| Food | Sep-08 | $190.5 | 5.8% | $11.70 |
| Fleet | Apr-09 | $157.8 | 6.2% | $10.45 |
| Electric Utility Procurement Service | Aug-11 | $25.2 | 13.6% | $3.95 |
| Office Equipment | May-09 | $21.9 | 16.4% | $4.29 |
| Mail Services | Jan-09 | $21.8 | 38.5% | $13.62 |
| Traffic Control Devices | Nov-10 | $7.1 | 23.9% | $2.24 |
| Travel Agency Services¹ | Mar-10 | $1.1 | 20.0% | $0.28 |
| Charge Cards¹ | Feb-11 | $583.3² | 0.5% | $2.83 |
| Merchant Card Services | Nov-09 | $202.9 | 0.1% | $0.17 |
| Grand Totals | $1,405.8 | 7.1% | $100.3 |
NOTES:
- ¹ Total spend includes spend through July 2012
- ² Charge Cards Analyzed Spend reflects rebates generated by state agencies and CO-OP members through the contract not the total amount charged.