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Results

Our clients choose Provident for our results-oriented performance. Our sourcing teams are well supported by Provident’s analytical staff who have developed numerous, creative reports allowing us to present alternate supply options and award scenarios and yield measurable savings for our clients.

The results you should expect are in the form of reduced costs, alignment with suppliers best suited for your business and well crafted supply agreements that set the stage for continuous improvement in all aspects of the supplier relationship, to name a few. 

It has been estimated that when companies undertake their own sourcing initiatives, they may take 6 months or more to complete. A Provident led strategic sourcing effort is completed and implemented in less than half that time with minimal intrusion on your staff and resources. We provide our clients the freedom to focus on running and building their business.

The following are representative achievements by our team over the last 2-3 years alone:

  • Just under $1 billion dollars sourced
  • Over 200 sourcing events
  • Range of Savings:  2% - 44%

For example, in the packaging category our sourcing leaders have achieved the following savings:


PACKAGING SEGMENT
CORRUGATED
12% average savings

FLEXIBLE PACKAGING
11% average savings

FOLDING CARTONS
16% average savings

LABELS
20% average savings

MULTIWALL BAGS
18% average savings

PLASTIC TRAYS
12% average savings

RIGID NON PET CONTAINERS
10% average savings

PACKAGING ENGINEERING
MATERIAL SAVINGS (packaging optimization)
30% average savings

Note: Savings achieved across other areas (such as reduction in pallets shipped, freight savings) are not included in the savings reported above


RAW MATERIALS / COMMODITIES
CORN SWEETENERS
7.75% average savings

CORN STARCH
3.25% average savings

FOOD CHEMICALS
14% average savings

CHEMICALS
13% average savings

ARTIFICIAL SWEETENERS
12.7% average savings

NUTS
15% average savings

SPICES
<2% average savings

Note: raw materials based events negotiated during a strong rise in the grain markets


 

These savings are not theoretical and they’re not based merely on a recommended action on our client’s part – the traditional consultant model.  They are real, implemented and tracked savings.  Provident delivers results.