Navigation Links
Insource Saves Clients Over $1 Billion on Parcel Shipping
Date:8/18/2011

HILLIARD, Ohio, Aug. 18, 2011 /PRNewswire/ -- Insource Spend Management Group, a leading provider of third party rate negotiation services, announced it has hit a milestone of exceeding $1 billion in parcel savings for its clients.  Many Fortune 500 clients have individually saved tens of millions by using Insource's key combination of software, analytics and expert negotiation. Shippers across a wide range of industries have benefitted from Insource's services, including retail, wholesale, pharmaceutical, manufacturing and private equity firms.    

With the downturn in the economy, many companies looked deeper within their organizations for ways to save money and recognized an opportunity to save substantial amounts on parcel shipping rates. This led to four consecutive years of record client engagements for Insource, allowing the company to achieve this milestone much sooner than expected.  "We have always targeted the billion dollar savings mark, and as recently as 2008 it looked like we would hit it in 2014," said Insource's President, Brett Febus.  

The math behind the accelerated demand for Insource's parcel contract negotiation services makes sense.  Each year, more than $100 billion is spent on parcel shipments. A recent study by global financial advisor, Morgan Stanley(1) found that companies who use a third-party negotiator like Insource get a 49% better discount than when they negotiate on their own.  The same survey showed that the number one management challenge facing parcel operations was managing costs.  

"The biggest hurdle in contract negotiation with parcel carriers is lack of transparency – unless you've negotiated hundreds of these types of contracts it's impossible to know whether you're getting the best pricing and agreement terms," said Febus. "Parcel carrier contracts are incredibly complex – and that's the expertise that we bring to the table. We've literally analyzed and negotiated hundreds of these contracts and are proud we've been able to save our clients over $1 billion in the process."

About Insource

Insource Spend Management Group is a leading spend management provider that offers expertise in identifying savings opportunities in transportation, technology and telecom pricing agreements. The company has successfully renegotiated hundreds of pricing agreements by identifying additional savings opportunities, advising on how to make the smartest spending decisions and renegotiating optimal pricing agreements.  

Since 1999, Insource has saved its clients more than $1 billion by renegotiating carrier pricing contracts for hundreds of companies, including dozens of the Fortune 500.  For more information, visit www.insourceSMG.com or contact Insource at (800) 397-6880.

(1) – For a complimentary copy of the referenced Morgan Stanley "Parcel Trends Best Practices" report, please email eteng@insourceSMG.com

Contact: Ellen Teng, Insource, 800-397-6880
email: eteng@insourcesmg.com


'/>"/>
SOURCE Insource Spend Management Group
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. NY Top Drugstore Lobbyist Admits Mail-Service Pharmacy Saves Money... But Pushes Gov. Cuomo to Sign a Bill to Stop Employers From Using it
2. Millennium Surgicals Smart Instrument Purchasing Saves OR Personnel Time, Money
3. Annual CT Lung Screening Saves Lives
4. Electronic Recordkeeping Boosts Patient Safety, Saves DMC More Than $5 Million - For Second Straight Year
5. Global Messaging Network Saves Companies Overhead Costs by Outsourcing Call Processing
6. EvoLucia(TM) LED Lighting Saves Energy, Increases Security at Sarasota Hospital
7. FREE Drug Discount Card Saves Money on Prescriptions and Raises Funds for Americas Disabled Veterans
8. AETs Telemedicine Solution Provides Real-Time Echocardiogram Consult, Saves Costly Transport of Newborn Infant
9. Chris Jensen Medical Center Saves Estimated $600,000 in First Year of Safe Patient Handling
10. New Localized Cancer Treatment for Advanced Retinoblastoma Saves Children From Having Eyes Removed, Restores Vision in Some Cases
11. SuccessEHS Clients Experience 11 Percent Increase in Visits
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/5/2017)... 2017 Kohll,s Pharmacy & Homecare is the first distributor ... States . The Raizer is a simple battery operated ... to an almost-standing position within a few minutes. ... assistant and does not require any extra effort besides ... child can operate it, and lightweight and portable ...
(Date:5/30/2017)... Hill-Rom Holdings, Inc. (NYSE: HRC), will present at the Goldman ... June 13, 2017, in Rancho Palos Verdes, California ... executive officer, is scheduled to present at 3:20 p.m. Pacific ... at http://ir.hill-rom.com/events.cfm . A recorded replay will be available ... 13, 2017. About ...
(Date:5/24/2017)... HAMPTON, Va. , May 24, 2017 /PRNewswire/ ... ivWatch Original Equipment Manufacturer (OEM) Board to enable ... technology with patient monitoring systems, infusion pumps and ... products, OEMs will be able to help health ... care and reduced risks related to IV therapy. ...
Breaking Medicine Technology:
(Date:6/28/2017)... FRANCISCO AND TEL AVIV (PRWEB) , ... June ... ... 3D-imaging sensor company whose technology makes it possible to see through objects, has ... challenging makers to create consumer apps with its fully programmable, Raspberry Pi-enabled 3D ...
(Date:6/28/2017)... ... 2017 , ... Drs. Steven Crandall, Karen Johnson and Kathy Lopez are now ... St. Clair, PA, without a referral. The doctors address jaw pain and ... joint and facial muscles that support it. , Jaw pain can be debilitating, ...
(Date:6/28/2017)... ... ... B. Sosin, a founding partner at the law firm Sosin, Arnold & Schoenbeck, ... the Illinois State Bar Association , in accordance with the organization’s rules of succession. ... a state-wide election and served in that capacity for the past year prior to his ...
(Date:6/28/2017)... ... 28, 2017 , ... Schneider Insurance and Financial, a Yellowstone ... southern Montana, is announcing a focused charity effort to gather regional support for ... by Zoo Montana provide students with current knowledge on the characteristics and behaviors ...
(Date:6/27/2017)... ... June 27, 2017 , ... Nearly 70 percent of ... released today by the American Society for Dermatologic Surgery (ASDS). , ... of consumers considering a cosmetic medical procedure has doubled since 2013. , “Cosmetic ...
Breaking Medicine News(10 mins):