Cost Reduction Strategies

PRIME Services is a supply cost management company that has a consulting and purchasing services (CAPS) division created to bring even more cost reduction strategies to your attention.

The CAPS Division has been able to reduce overall costs by assisting clients in recognizing ways to improve operational efficiencies.

Below are just a few things that may help your operation:

  1. Verify that you are under the correct manufacturer pricing structure through your distributor.
  2. Because you belong to a group purchasing organization does not mean that you are receiving the contract prices.
  3. Review products used for appropriateness on a regular basis.
  4. Review distribution minimum order requirements, drop size incentives and fuel surcharges.
  5. Evaluate your supply chain, which includes: inventory, inventory turnover, inventory locations, delivery distribution, product order guides, product problems/complaints, inspection/verification of deliveries and compliance with standardization.
  6. Conduct product cuttings and evaluations.
  7. Review costs per resident day, are they appropriate?

For more information on how PRIME Services can help lower costs, improve operations and increase cash flow, call us at 800-666-3344 and ask for Valerie at Extension 115.

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PRIME Services

PRIME Services, from its original roots as a purchasing and consulting company in 1983, has grown into one of the largest group purchasing organizations for nursing homes and assisted living communities across the United States.

Today, PRIME Services has three divisions, all focused on removing costs from the supply chain while increasing operational efficiency. The three divisions are; Group Purchasing and Custom Contracting, Consulting and Purchasing Services (CAPS), and a Technology Division

Be sure to mention you're a PRIME Services member when calling in to ensure you receive additional discounts that are available exclusively to PRIME Services members.

 

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