WESTPORT, Conn., June 9, 2021 /PRNewswire/ — Virtual Procurement Services, the main pricing analytics firm in procurement, has seen a surge in demand for improved effectivity in procurement spend throughout extra than simply know-how purchases. When the corporate was based, it had a deal with supporting purchasers domestically and internationally to get better or cut back know-how spend. Over the previous 10 years their clients had requested for assist in numerous different spend classes. As a results of increasing their pricing analytics and growing targeted area experience, the Virtual Procurement management and board have determined to type 3 corporations underneath the Virtual Procurement umbrella – FF&E Analytics, VPS Analytics and OS&E Analytics.
FF&E Analytics will deal with furnishings, fixture and gear spend. VPS Analytics will proceed to increase on bettering procurement spend functionality for know-how tasks. OS&E Analytics brings a crew specialised in working provides and gear to leverage advance pricing analytics that’s targeted on cut back working spend.
“Our course of helps our clients benchmark procurement spending to retain and get better capital,” defined CEO and Founder of VPS, Scott Robins. “VVI makes use of publicly obtainable knowledge 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 cut 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 decreasing 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 approach to ship extra targeted 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 crew predicts will proceed. Robins furthered, “We are poised to assist new and present buyer purchases within the monetary providers, gaming, healthcare, senior dwelling and hospitality industries. We delight ourselves on our potential to provide artistic methods to ship extra worth to our clients. This newest transfer proves that we are going to by no means cease disrupting, remodeling and bettering 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 unique predictive analytics device, Virtual Vendor Index VVI©, to get better and cut back the price of know-how spends. Now, following a gradual trajectory of firm development and elevated buyer curiosity in recovering and decreasing prices related to the acquisition of furnishings, fixtures and gear; enterprise know-how; and working provides and gear, 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 targeted efforts to a bigger buyer base throughout a broader spectrum of industries and additional adjustments the procurement panorama. For extra data, go to virtualprocurement.com.
Contact: Lisa Twarog or Michelle Abdow
SOURCE Virtual Procurement Services