SOURCE: Silver Oak Solutions

May 03, 2005 10:39 ET

Government Procurement Highlights Silver Oak Solutions' Successful Work in Oregon: "The Initiative Has Saved Oregonians Millions of Dollars"

BOSTON, MA -- (MARKET WIRE) -- May 3, 2005 -- Government Procurement, a journal for government purchasing professionals, profiled the State of Oregon's successful strategic sourcing initiative in its April 2005 issue. Silver Oak Solutions serves as Oregon's partner in the state's effort to transform its public purchasing practices through a project called "Smart Buy."

The article, "State of Oregon Saves With Smart Buy," written by Editor, Katherine Frisch, states that Oregon's "Smart Buy" project adopted "best in class procurement practices" that "saved Oregonians millions of dollars."

"The Smart Buy project has produced verifiable savings at a time that cost reduction has been fairly critical in the State of Oregon. Governor Ted Kulongoski laid out a charge for agencies to increase accountability and performance -- the Smart Buy project met that challenge and then some," Ms. Frisch wrote.

The article, available on-line at (http://www.govpro.com/ASP/Generic/latestissue.asp), describes the various stages of the project, including: the initial efforts to analyze spend data across all state agencies to better understand statewide spending; the adoption of new "best practices" in bid drafting and analysis; detailed knowledge transfer sessions from the consultants to the state employees; the award of new, lower priced contracts on goods and services; and continuing contract management and compliance. The article also highlights the benefits that political subdivisions such as cities and counties can reap from statewide strategic sourcing projects like "Smart Buy."

"Oregon has a tradition of working cooperatively with its political subdivisions, and Smart Buy has been a terrific benefit to local governments and school districts that need to stretch their dollars as well," the article states.

Silver Oak Solutions founder and Chairman John West thanked the state of Oregon for selecting the firm as its partner and Government Procurement for its analysis. "The state of Oregon made clear to us from the beginning that it was serious about procurement reform. Oregon is committed to delivering the best value for its citizens by empowering its procurement professionals with the tools and techniques to create lasting savings," West said. "Government Procurement is a crucial source of information on best practices in our industry. For years, the editors and staff have invested considerable time and effort to research nationally what works and what is worth modeling. We are honored to have our work included in that company."

About Silver Oak Solutions

Silver Oak Solutions (www.silveroaksolutions.com) is a leading provider of spend management solutions that identifies, creates and sustains measurable cost savings in procurement spend. It provides comprehensive, flexible approaches by combining rigorous strategic sourcing processes, in-depth supplier industry expertise and advanced procurement technologies. Silver Oak is the pioneer and leader of applying spend management techniques in state governments.

Silver Oak's services cover the various aspects of executing spend management, including spend analysis, strategic sourcing, supply chain and process advisory, compliance and savings monitoring, and procurement training -- all of which are tailored to drive profitability for corporations and budget compliance for state and municipal governments. Silver Oak's sourcing professionals have analyzed over $150 billion of purchased expenses across more than 85 clients using its spend analysis software, and have helped over 90 clients to achieve more than $1.7 billion of recurring annual cash savings on a reviewed expense base of over $9.3 billion in annual spending across more than 150 direct and indirect expense categories. Today, Silver Oak has offices in Boston, New York, Philadelphia and San Francisco, and serves clients in both private and public sectors.

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