WESTPORT, Conn. , June 8, 2021 /PRNewswire/ — Necessitated by development and to higher serve its purchasers, Virtual Procurement Services (VPS), an analytically-driven procurement firm primarily based out of Connecticut and serving purchasers globally, at this time introduced a restructuring to create three corporations. FF&E Analytics , VPS Analytics and OS&E Analytics , beforehand VPS divisions, now function distinct and separate entities recovering and lowering prices related to the acquisition of furnishings, fixtures and tools (FF&E); enterprise know-how; and working provides and tools (OS&E), respectively.
Founded in 2009, Virtual Procurement Services has helped tons of of consumers domestically and overseas get better or save greater than $500 million . VPS makes use of a proprietary predictive analytics instrument referred to as Virtual Vendor Index © (VVI). Originally created to deal with know-how purchases, VPS responded to a requirement throughout different industries, adapting VVI to accommodate new areas of spend.
“Our course of helps our prospects benchmark procurement spending to retain and get better capital,” defined CEO and Founder of VPS, Scott Robins . “VVI makes use of publicly obtainable information units and processes them by an AI-driven analytic engine to calculate predictive pricing. We are the one firm that pairs these superior analytics with proprietary processes to scale back the price of new purchases and get better cash already spent. That’s what units us aside.”
A gentle trajectory of firm development and elevated buyer curiosity in recovering and lowering prices related to FF&E, OS&E and enterprise know-how purchases necessitated the refinement of VPS’ enterprise mannequin. Robins describes the transfer as a pure evolution of his firm and as a means to ship extra centered efforts to a bigger buyer base throughout a broader spectrum of industries.
Since its founding, VPS has helped its purchasers understand substantive capital and operational financial savings, a development Robins and his staff predicts will proceed. Robins furthered, “We are poised to help new and present buyer purchases within the monetary providers, gaming, healthcare, senior dwelling and hospitality industries. We satisfaction ourselves on our capacity to supply inventive methods to ship extra worth to our prospects. This newest transfer proves that we are going to by no means cease disrupting, reworking and enhancing the sourcing course of.”
To study extra about Virtual Procurement Services or its divisions—FF&E Analytics, VPS Analytics and OS&E Analytics—go to virtualprocurement.com .
About Virtual Procurement Services
Founded in 2009 by CEO Scott Robins , Virtual Procurement Services (VPS) was the primary, and to-date, solely, firm to leverage its [exclusive – OR – proprietary] predictive analytics instrument, Virtual Vendor Index VVI © , to get better and scale back the price of know-how spends. Now, following a gradual trajectory of firm development and elevated buyer curiosity in recovering and lowering prices related to the acquisition of furnishings, fixtures and tools; enterprise know-how; and working provides and tools, the VPS enterprise mannequin has been refined. Former divisions FF&E Analytics, VPS Analytics and OS&E Analytics now function separate entities. The pure evolution of VPS brings extra centered efforts to a bigger buyer base throughout a broader spectrum of industries and additional modifications the procurement panorama. For extra data, go to virtualprocurement.com .
Contact: Lisa Twarog or Michelle Abdow
SOURCE Virtual Procurement Services