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SIB Fixed Cost Reduction Partners with Source1 Purchasing to Increase Savings Opportunities for Members

Publication: West Published: October 13, 2016 Full Article

CHARLESTON, SC–(Marketwired – October 11, 2016) – SIB Fixed Cost Reduction, a company specializing in reducing recurring monthly expenses for multiple-location companies, announced today that it has launched a new project with Source1 Purchasing to expand cost reduction services available to its members, including national brands throughout the United States.

“Source1 handles purchasing and the supply chain, and SIB will complement our services perfectly by focusing on other expense areas, especially when it comes to services,” said Scott Hoffmire, President and CEO of Source1 Purchasing. “By working together, we will be able to offer clients a truly comprehensive way to reduce their costs in dozens of spending categories.”

Under the new relationship, Source1 will offer a new range of SIB services to its members, including bill auditing and price negotiation services for a variety of expenses including telecommunications, waste removal, utilities, maintenance, and others. SIB will be compensated with a percentage of the savings it creates.

“This new partnership makes a lot of sense for everyone involved,” said Dan Kaufman of SIB. “Source1’s members represent a lot of the same industries SIB serves: hotels, restaurants, universities, and other companies and organizations with large facilities or multiple locations. With SIB focusing on recurring services such as waste removal and telecom, and Source1 focused on supply purchases, our two companies will offer a one-stop solution for every aspect of cost reduction.”