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Five Places to Find More Profits This Week. A Practical Guide to Saving Money and Building the Bottom Line for Study Group Members . Facts of Life.

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five places to find more profits this week

Five Places to Find More Profits This Week

A Practical Guide to Saving Money and

Building the Bottom Line for

Study Group Members

facts of life
Facts of Life
  • Most companies focus on raw material or high-dollar expenses, yet good savings exist in routine purchases
  • Few companies define specific expense areas and systematically review supplier expenses
  • Creating a program of regular cost review by category, or using external consultants to help, can yield quick additions to the bottom line
  • Ben Franklin was wrong … a penny saved is worth 6 to 10 pennies earned
five ways to save money fast
Five Ways to Save Money Fast
  • Review Waste Disposal Contracts
  • Review Merchant Services Contracts
  • Review Utility Bills for Errors
  • Review Cellular Bills for Savings
  • Review Janitorial Supplies and Paper Consumables

the savings can really add up!

review waste disposal contracts
Review Waste Disposal Contracts
  • Read contracts to determine expiration dates and termination notice required
  • Send letters to providers (certified mail) to announce intentions to rebid contract
  • Look for opportunities to consolidate multiple locations with one provider and seek multiple bids
  • Not recycling cardboard? It may be a revenue stream to offset waste costs

Target Savings – 8% to 15%

review merchant services contracts
Review Merchant Services Contracts
  • Review contracts for expiration dates
  • Seek out multiple bids focused on ancillary charges as well as base rate
  • Look for providers with master agreements from credit card companies rather than resellers

Target Savings – 10% to 15%

review utility bills for errors
Review Utility Bills for Errors
  • Review electric and gas bills for accuracy of meters in use
  • Check for time of date tariffs for 24/7/365 locations to save money
  • Schedule reviews with utilities to analyze charges and rates in regulated states
  • Get bids from energy brokers in deregulated states if you haven’t already done so

Target Savings – 5% to 10%

review cellular bills for savings
Review Cellular Bills for Savings
  • Review your bill for accuracy – ghost phones, unused features, unexplained charges all add big dollars to cost
  • Look for ways to optimize plans with current providers to reduce unneeded minutes and data plans
  • Consider flat reimbursement plan for employees needing phones
  • Try to consolidate carriers to drive bigger discounts

Target Savings – 15% to 35%

review janitorial supplies and paper consumables
Review Janitorial Supplies and Paper Consumables
  • Compare prices with several resources and look for companies that can sell everything at a good price
  • Be sure to include office product suppliers in review
  • Think twice before buying these items from general line wholesalers
  • Be sure to standardize selections among all store locations
  • Great supplier consolidation play!

Target Savings – 10%-15%

plan b outsource cost control to alliance cost containment
Plan B: Outsource Cost Control to Alliance Cost Containment
  • Free initial analysis of spending to determine potential savings areas
  • We cover 35 expenses categories and have solid experience in c-stores
  • Savings are negotiated and ready to implement within 8-10 weeks
  • Fees are based on 45/55 split of results – no savings, no expenses
  • All purchases are audited every two month to document results

Typical Savings -- $1,500 to $4,000 per location

convenience store case study
Convenience Store Case Study
  • 50+ locations in Midwest
  • Major areas of savings included:
    • 11% savings on Snow Removal
    • 16% savings on Vehicle Maintenance
    • 15% savings on Office Supplies
    • 16% savings on Employee Background Checks
    • 23% savings on Telecom & Internet
    • 13% savings on Uniform T-Shirts

Total Savings Found -- $126,000 per year

we understand your business
We Understand Your Business
  • Millions saved for c-stores, including:
    • Daily’s – Nashville, TN
    • Huck’s – Carmi, IL
    • Thornton’s – Louisville, KY
    • Super Quik – Ashland, KY
    • Great Stops – Durham, NC
    • Patriot Oil – Green Bay, WI
    • MaxFuel – Hopkinsville, KY
    • Cheer’s – Paducah, KY
    • Family Express – Valparaiso, IN
    • plus many more
for more information
For more information
  • Please contact us for a free initial savings analysis to see what we can do for you

Rudy F. Moeller, Jr.

Vice President, Client Services

Alliance Cost Containment

502-805-1274 office

859-576-8387 cell

Rmoeller@alliancecost.com