1,000+ member organization
$1.5 billion combined annual MRO purchasing
Unmatched rates and terms in agreements
On-going spend analytics and value-mining
With inflation and supply chain shortages causing rates to increase, it is becoming even more critical for enterprise organizations to get the best rates on MRO and packaging supplies. Fortunately, there is a simple way Prometheus customers can start realizing savings of 15-25% on procurement at no additional cost – by leveraging Procure Analytics' group purchasing power.
Procure Analytics Program Details
Free membership for Prometheus Customers
No minimum spend required
No major change to billing and procurement
Continue relationships with preferred suppliers
Real-time reporting and ongoing spend analysis
Gain access to savings in the following MRO areas:
- General Industrial
- Specialty MRO (PT/ Bearings)
- Diversity Solutions
- Rental Cars
- Safety/ PPE
- Pipe Valves & Fittings/ Flow Control
- Fleet Maintenance
- Lab Supplies
- San-Jan/ Workplace
- Electrical & Comm Data
- Uniforms & First Aid
- Intl Small Parcel
- OEM Fasteners
Procure Analytics serves as a strategic partner for:
- Strategic Sourcing
- Packaging Engineering
Procure Analytics works with C.H. Robinson for leveraged 3PL, wich is ideal for lanes with inconsistent volumes, spot moves, or out of network freight.
Procure also offers custom lane sourcing solutions direct to carriers with the option to mix in 3PL support where needed.
Procure Analytics offers Amicus, a full-service compliance and tail spend sourcing solution for MRO and general supplies.
Procure also partners with The Home Depot ProXtra.
How To Start Saving on MRO Spend
1. Introduction – Understanding goals and scoping requirements
2. Evaluation – Our team analyzes your current spend and demonstrates savings at SKU-level
3. Implementation – Affiliate agreements and member-unique requirements and roll out plan
4. Value Creation and Reporting – Industry leading dashboard reporting and spend analysis
What customers are saying
"PA delivers continuous year-over-year value and savings to more than 90 of our portfolio and investment companies with unprecedented customer service, world-class reporting, and the full suite of value-added vendor services. Their hands-on approach to the complex and normally fragmented MRO space is terrific."
"PA's expertise in packaging (sourcing and engineering), benchmarks, and project management skills bring quick and ongoing value; we've been seeing 8-16% savings on our portfolio company packaging projects."
"Procure Analytics is the third arm of our Commodity Organization, providing advanced analytics, critical and timely savings opportunities and insight into the cutting edge of MRO opportunities."
Frequently Asked Questions
Procure Analytics (PA) provides two options for reporting: standard and custom. In the standard reporting view, PA members gain access to full item details, such as SKU, type of product (e.g. safety product), item (e.g. glove), type of item (e.g. aluminized glove). They will also be able to see full item descriptions, unit of measure, price, and the date they purchased it.
Through the tool, members can see what the organization as whole or a specific site is buying (the categories, the SKUs, etc), what they spent last year, how much they are utilizing the PA core list (where they can get maximum savings), and more.
If you already have an existing relationship with a supplier, you can keep your existing contract with the supplier and even keep your relationship with your regional or national representative, but gain a better rate on supplies through that supplier with Procure Analytics' leveraged spend.
Procure Analytics like to think of the relationship between companies, Procure Analytics, and suppliers as a three win scenario. Suppliers partner with Procure Analytics because while they are provided reduced rates, Procure Analytics is driving additional business their way.
Procure Analytics is entirely supplier funded and get a small fixed admin fee from suppliers for all spend that flows through the program. However, this does not affect any of the prices for materials that you pay as a member. The price you see in your system is the price you will pay.
REQUEST A DEMO
We look forward to learning about your asset management needs and opportunities, simply fill out the form below to schedule a personalized demo.