With premium rates always fluctuating, it’s critical to review current insurance plans consistently, compare brokers, and lock in lower costs. Carriers can still offer competitive rates if your company’s risk profile is well prepared and actively marketed. Our team of group purchasing experts works with organizations to reduce costs of commercial insurance coverage. Our aim…
The Difference Between Direct Expenses and Indirect Expenses Business leaders aiming to steer their company’s financial ship would do well to understand the difference between direct and indirect expenses, and why now is a great time to review indirect. Direct costs tie to specific projects or products — usually a company’s bread & butter. For…
In today’s competitive business landscape, every penny counts. As a company grows its revenue, seemingly minor expenses accumulate and take a significant toll on profitability. Are you curious whether your organization is overpaying for common expenses? Statistics suggest that indirect expenses, (sometimes referred to as non-core expenses, or non-production procurement), comprise a substantial portion of…
PPE: What to watch for when purchasing N95 Masks, KN95 Masks, Gloves and other personal protective equipment Major Takeaway Identifying potentially fraudulent or untrustworthy PPE vendors is not a step to skip in your PPE procurement process. Checking references, understanding your chosen supplier’s manufacturing history, and verifying certifications before making purchases will mitigate risks and…
Special Indirect Procurement Category Update: Utilities Major Takeaway After a banner year in 2020, utility prices are expected to take an upward turn in 2021. Corporations and PE firms should take steps now to reduce costs and mitigate potential electricity & natural gas rate increases. 2020 Utilities Review ACC manages 30+ indirect expense categories, and in this…
With premium rates increasing as a result of COVID-19, it’s more important than ever to review current insurance plans across your investments and lock in lower costs. Carriers can still offer competitive rates if your portfolio’s risk profiles are well prepared and actively marketed. Our team of group purchasing private equity experts works with PE…
Would you believe that something as simple as broken glass jars could lead to $4.9M in cost savings? A pricing pickle A food manufacturing and distribution company brought in ACC to as part of an expense reduction initiative. Food production quality at the plant was always paramount, but Joe, a production manager, noticed how many…
A Familiar Story A $15B+ healthcare company realized they were overpaying on their existing Telecom contracts for wireless, wireline, voice and data. We assessed their internal capabilities and evaluated market options. Despite two years remaining on the existing agreement, ACC engaged in a renegotiation with their incumbent Telecom provider to reduce costs to below market…
COST IMPACTS – Q4 2020 While many of these increases are Covid-19 related, some are simply due to general market dynamics. In many of these areas, there is an opportunity to mitigate rising costs by focusing on cost reduction activities. Insurance Increases in premiums have moderated over the past 90 days but remain higher…
How to fix it… Although carriers are no longer as willing to compete for new business by lowering rates, we can help offset these rising costs in other indirect expense areas. ACC is offering a custom, no-cost savings analysis to reduce your procurement costs. Contact us to help offset the rising cost of shipping by aggressively lowering…