When procuring any type of products or services, strategic sourcing is very important. It’s not throwing a request for proposal out there, or calling/emailing around for the lowest price.
Our strategic sourcing for lowering our client’s diesel fuel costs includes benchmarking against the marketplace, supplier identification and network rationalization. By having a plan clearly set up ahead of time we are able to do contracting, negotiations, and improve procurement processes.
Strategic sourcing is not a solo effort. We partner with our clients to drive value creation by leveraging our combined time, knowledge-base, sourcing experience, resources and tools. Don’t get us wrong, we do most of the heavy lifting but our clients insights into their own unique situations of their transportation business is extremely important. No two companies are alike and therefore we cannot provide the same cookie cutter service to our clients.
Strategic sourcing is a process in which we harness the skills of our fuel industry experts to best optimize sustainable and competitive advantages for our clients. Our process develops a secure and responsive supply base that is capable of providing quality, delivery, cost, technologies, flexibility and service to meet the current and future needs of our clients. We have strategic sourcing for transportation fleets of all sizes, including the small to mid-market and the Fortune 500.
Our cost reduction initiatives include benchmarking current spends against the marketplace spend analysis, fuel supplier identification and qualification, strategic sourcing management, negotiation with supplies and process/compliance improvement including improved payment solutions when appropriate.
Sokolis Group provides a team of professional resources to support your company's strategic sourcing initiatives. Whether you require resources, subject matter expertise, technology solutions, or access to critical marketplace data, Sokolis Group can assist you in any part of your procurement project. We have built a data base of diesel fuel price points covering thousands of truck stops, wholesale and fuel card transactions.
Our goal is to help you obtain fuel savings faster while improving all qualitative aspects of your relationships with your suppliers.
Most companies only realize 35% of forecasted fuel savings due to the lack of resources to implement these savings programs and to monitor their compliance. That is not the case when Sokolis Group’s fuel management is managing your fuel department.
As companies look to maximize fuel savings from procurement initiatives, auditing the results becomes a critical step to ensure success. Maverick spending and duplicate payments are often identified early in the fuel audits.
Sokolis Group typically starts all projects with a fuel audit of prior purchases and spending, to help identify rogue spend areas and non-compliance with existing contracts or pricing agreements. Often, our initial audit will identify areas where suppliers did not satisfy the terms of existing contracts or there were no agreements in place.
Our Fuel Auditing Services can help you with:
At the end of a strategic sourcing initiative, our job is not done. We stay with you and actively monitor your ongoing purchases to ensure that compliance is met both internally and externally for your organization. We also monitor the life-cycle of your procurement activities and make you aware of any additional potential savings opportunities that may develop in the marketplace after your original strategic sourcing initiative was completed.
The Sokolis Group provides excellent strategic sourcing in managing our fuel spend.
Their reporting capabilities take a huge task off our staff.
Their customer service is always superb.
Corporate Fleet Director