PSMI’s team of application engineers, procurement specialists, and supply chain experts work with customers to identify, test, and implement cost savings. We’ve developed a web application that tracks every cost savings idea through closure. All ideas must be approved by the customer before it can be implemented. Any cost savings idea that impacts our client’s operation is tested extensively prior to implementation. Cost savings are only measured for one year, however, they last for the life of the operation which is typically five to seven years. The actual cost savings realized by the customer is five to seven times the following amounts.
Some examples of cost savings PSMI has implemented for customers: