Synergy Management is a professional services firm that develops, implements and manages purchase-cost reduction solutions for regional and national restaurant venues. Our services are best suited to clients in the fast casual to fine dining arenas with 7-70 locations. Cost effective Synergy Programs, supplier management and procurement strategies result in client cost savings ranging from 1%-3% of sales. Here is how we accomplish it:
- Industry Expertise. SRM employs a core team of professionals with executive level experience in major restaurant companies, supported with senior level business and financial management experts.
- Purchasing Leverage. We use the purchasing leverage of our cumulative client spend to entice vendors to provide the best pricing possible. Our clients benefit from very aggressive Synergy master pricing agreements currently in place, in addition to expert negotiations specific to a client’s needs and desires. All negotiated contracts are in our clients’ names, and all of our clients have complete freedom to choose vendors.
- Change Management. Vendor leverage and in-depth market knowledge are key components to achieving the most aggressive vendor pricing and terms. SRM recommendations may include choosing alternative vendors. We collaborate with clients to implement any required changes custom to their requirements.
- Business Intelligence/Reporting Tools. At SRM, we leverage our expertise with technology to transform your spend data into actionable information. We provide valuable insights into your business processes and operations, which is necessary to reduce costs and increase efficiencies. SRM’s data warehousing and analytical tools provide real business intelligence.
- Ongoing Support and Verification. SRM is responsible for ensuring the savings achieved are maintained while assisting in controlling future expenses throughout the agreement term. SRM audits vendors serving our clients through Synergy Managed Vendor Programs™ thus holding them fully accountable to providing high quality products at best overall market pricing. We also monitor compliance with customized agreements we have negotiated on your behalf. Our management team is available at all times to our clients, and will report regularly on key metrics and value-add opportunities. As our clients will tell you, the Synergy team becomes an extension of your team.