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The Challenge |
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Operating a regional property management company with geographically dispersed real estate assets is a complex and resource-intensive endeavor. In an effort to reduce purchasing costs, increase operational efficiency and achieve uniform spend management processes, one firm decided to automate its procurement methodologies company-wide. The company needed a solution quickly because it had a major upcoming property development project that required:
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1 million square feet of acoustical ceiling tiles |
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300,000 square feet of carpeting |
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3,000 room sensors |
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600 water source heat pumps |
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The Solution |
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The property management company selected HedgeHog as its e-procurement partner after a stringent qualification process of dozens of national competitors. HedgeHog’s on-demand e-procurement tools enable the property management company to procure all goods and services through one centralized, Web-based, easy-to-use and track software system. The company uses HedgeHog’s reverse auction application to conduct online negotiations for all of its sourcing needs, from bulk carpeting to acoustical ceiling tiles to water source heat pumps.
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The Results |
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Since working with HedgeHog, this property management company has achieved savings from 20 to 60% annually on all of the goods and services it sources. HedgeHog’s Web-based e-procurement solutions consistently reduce costs, create efficiencies and lead to higher quality products and services. Additionally, HedgeHog’s on-demand technology gives this property management company the tools it needs to conduct business on a national scale.
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Tangible benefits include: |
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» Cost savings from 20 – 60% |
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» Centralized and consolidated procurement tools create greater purchasing power |
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» Access to a broader network of qualified suppliers for all goods and services |
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» Increased control, consistency and automation of the procurement process |