1. We have used consulting firms before. What makes PRP any different?
PRP offers a wider range of solutions and ongoing management which is significantly different from a traditional consulting firm. PRP is staffed with specialists who have both vendor and industry expertise. Additionally, we implement our expense reduction solutions and ensure every PRP program is managed effectively throughout the term of our agreement. Many of our competitors only make recommendations; their business model does not include staff that continuously validates vendor compliance and identifies additional savings opportunities. Our fees are based solely on client savings. There are no out-of-pocket expenses so our engagements are essentially risk free to our clients. No savings, no fee!
2. Why can’t we just do this ourselves?
Companies typically have limited resources (people) who have multiple responsibilities, making it a challenge to prioritize G&A expense reduction projects. PRP has multiple teams of experienced consultants who use their unique knowledge and experience, together with proprietary time-tested methodologies, to create innovative expense reduction solutions. This is our core competency! Additionally, most procurement functions are limited in that they have only their own company’s purchasing leverage upon which to rely when they negotiate. PRP's purchasing power spending across the expense areas in which we maintain expertise, enables us to secure the best pricing, contractual terms and conditions, and service level agreements for our clients.
3. How much of my time is required to complete a project? How much of my staff's time?
Your time commitment will be very minimal compared with the typical consulting engagement. During the initial on-site visit, we will meet with all of the client stakeholders to ensure that everyone from our Operations Team gets to know your people, the status of your current vendor relationships, and your objectives of the project. During the 60 to 120-day review period, periodic conference calls are conducted to inform you of our progress, our interaction with your vendors, and/or to request approval for implementation of immediate savings. Once all analyses and negotiations are complete, a meeting will be held to present findings and recommendations.
4. Will our service levels suffer after you have reduced our current vendors’ margins?
Absolutely not. In fact, they should improve. PRP recognizes that service is often as important as realizing cost savings. PRP's client base represents hundreds of millions of dollars in annual revenue for many of your current vendors. Subsequently, these vendors have a strong incentive to maintain the highest level of customer service, as they do not want to risk losing an entire portfolio of business due to neglecting our mutual client.
5. Who are some of your clients and why did they hire you?
We have more than 650 current clients that come from the service, professional service, and manufacturing sectors. A partial client list is available within this site.
Gillian K. Turner
Controller
Manatt Phelps Phillips LLP









