How to Lower Supplier Costs and Reduce Procurement Costs—Fast
Your cost reduction goals are urgent. K2 Sourcing helps you achieve them.
Most procurement leaders know what they want: lower supplier costs, better suppliers, faster results. But achieving these goals quickly is where organizations struggle. Internal bandwidth is limited, timelines are tight, there is no additional budget, and market complexity, like trade wars, keeps growing.
The result? Missed savings. Stalled progress. More pressure from leadership.
K2 Sourcing: Accelerating Your Path to Cost Savings
We help manufacturers reduce procurement costs and lower total supplier costs. Through expert support and technology, we empower your team to drive faster, smarter savings.
Strategic Sourcing Experts
Our professional team partners with your procurement function to deliver real savings across direct and indirect categories
Battle-Tested Process
We’ve run more than over 19,000 sourcing events executed across $10 billion in spend, driving over $1 billion in realized savings for our clients
200,000+ Suppliers in Our Global Database
We rapidly increase competition by introducing qualified suppliers across industries and geographies
Built-In Best Practices – RFP and Reverse Auction Software
Our team leverages the platform to accelerate RFx execution. No training is required for your team
Prebuilt RFP Templates with Total Cost Modeling
Evaluate total landed supplier costs across global markets, factoring in tariffs, freight, material, labor, and more
Global Reach, Localized Sourcing Access
With team members in 14 countries, we can provide local reach to suppliers around the world
Why K2 Sourcing Is the Right Partner for Your Team
Like you, we are strategic sourcing professionals.
We collaborate with your team to strengthen, not replace, your internal capabilities
A full sourcing team at your side, including category experts, analysts, and market specialists
A robust, proven sourcing process refined over thousands of events
Your team signs off on any major decisions
No bloated consulting projects, just focused, ROI-driven execution
A hybrid of professional services and enabling software, giving you the best of both worlds
Easy for Leadership to Approve
Proven on the P&L—with fast payback, measurable savings, and minimal lift from your team.
19,000+ sourcing events executed
$1B+ in savings delivered
Typical payback in 60–90 days
30-day cancellation for flexibility and low risk
No training required, your team stays focused
No added headcount
Clients typically realize over a 600% ROI
Could Your Team Use Results Like These?
These four case studies are an example of the impact K2 Sourcing delivers. Your situation may be different. Contact us for examples more relevant to your goals.
18% Manufacturing Cost Reduction Opens New Markets
A small manufacturer of material handling lifts struggled to compete in new markets due to high product costs. Using K2 Sourcing’s strategic sourcing support, we worked directly with their procurement leader to quickly develop a strategic sourcing plan. We then provided the team members and technology to rapidly increase competition, execute RFPs, and align suppliers. After implementation, the company reduced material costs by over 18%, enabling them to lower prices, enter new markets, and capture market share.
5-Year Sourcing Center of Excellence
A billion-dollar manufacturer had a capable strategic sourcing team but lacked a sourcing platform and didn’t have the bandwidth to meet growing demand. K2 Sourcing became their sourcing center of excellence, providing supplier discovery and sourcing event execution for direct materials, professional services, indirect materials, and transportation. The result: improved manufacturing costs, a more relaxed team, consistent execution, stronger competition, accelerated savings, and an annual ROI over 1,000%.
$1M+ Manufacturing Cost Savings in 6 Months
A midmarket manufacturer brought in a seasoned procurement leader who faced a major challenge—no strategic sourcing team and a decentralized organization unaccustomed to involving procurement. With no budget to build a team, the leader trusted K2 Sourcing to work with stakeholders to define needs and execute RFPs. With our team and technology platform in place, they achieved over $1 million in cost savings in under six months, established credibility, and expanded procurement’s influence across the organization.
20% MRO Cost Reduction Without Hiring
A Tier 1 automotive manufacturer set out to transform its MRO and indirect spend processes and reduce cost but didn’t have the budget to hire a strategic category manager. They turned to K2 Sourcing. Over 18 months, we implemented contracts, improved inventory management, and aligned planning practices. The result: increased operating efficiency and a 20% reduction in MRO costs.
What Our Clients Say
"The findings of K2 Sourcing allowed our organization as a whole to see immediate gains as well as long-range savings impacts."
Ralph Hardt, President, Jagemann Stamping
"Greatly appreciate the work completed by your team."
Jim Denomme, COO, MTL Holdings
"K2 Sourcing helped save the company millions of dollars."
Richard Odell, Commodity Manager, PerkinElmer
"K2 Sourcing went beyond any kind of expectations of myself and Big Lots."
Adam Bauer, Commodity Manager, Big Lots
"K2 Sourcing has produced cost savings results on every project that I have worked with Them on."
Al Eilers, Procurement Leader, RocklineWant to explore how quickly your organization can lower procurement and supplier costs?
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If you prefer to speak with the K2 Sourcing advisor, call 1 (877) 824-9809