printvision reverse auction for print procurement
DESCRIPTION
Learn how PrintVision's hosted reverse-auction technology solution allows buyers of print to save money from their existing vendors.TRANSCRIPT
©2006 PrintVision. All Rights Reserved.
Patented Reverse Auction Technology ServiceProven savings on print procurement average 20-40%.
This reality of hard-cost savings equates to an increase of ROIC & EPS.
Laurie McCabe757-343-8545For a live demonstration please contact: [email protected]
See the forest AND the trees
04/13/23 2Laurie.McCabe@PrintVision 757-343-8545©2008 PrintVision. All Rights Reserved.
What…Who…and When
What is PrintVision?– PrintVision is a technology driven print solutions company with a patented
reverse auction engine that defines the fair market value for the work you procure
– PrintVision is not purely a technology solution, it is a strategic partner available to provide answers for printing and related supply chain matters
When do clients use PrintVision?– Daily Procurement– Annual Procurement Contracts
Who uses PrintVision?
– Only those interested in hard-cost savings and increased ROIC & EPS should use PrintVision!
• you would be surprised how many don’t
– 100,000 RFQ's domestically and in the UK
– The most comprehensively tested and used technology of its kind on the marketplace today
04/13/23 3Laurie.McCabe@PrintVision 757-343-8545©2008 PrintVision. All Rights Reserved.
PrintVision is a Patented Solution
The patented technology that you see today was originally developed by 58K.com; enhanced greatly under Servador; with a patent applied for under PrintVision which was awarded in April of 2008.
04/13/23 4Laurie.McCabe@PrintVision 757-343-8545©2008 PrintVision. All Rights Reserved.
PrintVision within the Supply Chain
The savings effects of PrintVision occur in the sourcing stage of your supply chain by facilitating a one-to-many environment of selected market forces to compete for your business
– That is why you invite your qualified vendors or work with us to qualify others from the PrintVision network
– Considerations through the supply chain (e.g. JIT, Quality, etc.) can be managed as they are already
Plan Source Make Deliver Utility
•Attributes •RFQ•Vendor ID•Availability•PO - Order
•Raw material•Inventory•Quality
•Notification•Receipt•Invoice
•Bookkeeping•Support
04/13/23 5Laurie.McCabe@PrintVision 757-343-8545©2008 PrintVision. All Rights Reserved.
Why use PrintVision?
Hard cost savings → increase EPS & ROIC– Average savings in a real-time competitive market = 20-40%
Save time
– distribute RFPs and manage negotiations collectively Oversee daily print spend; fragmented or centralized
– Improve transactional transparency PrintVision allows an unlimited amount of business units, print
buyers and suppliers (almost) to each client which allows virtually unfettered growth potential….
PrintVision Technology fits your business needs and not the other way around
04/13/23 6Laurie.McCabe@PrintVision 757-343-8545©2008 PrintVision. All Rights Reserved.
How does one use PrintVision?
PrintVision is provided through an ASP model– Buyers login with a user ID and password
– Buyers define the RFP from a comprehensive list of tailored print configuration options
– Buyers invite select qualified vendors to bid • via sealed bids and/or reverse auction
– Sellers login to provide bids
– Buyer selects the winning seller/bidder.• Participation in the auction does not preclude buyers nor sellers to a definitive
commitment until the work is awarded. In other words, the buyer does not have to select the lowest bidder and are entitled to contact the seller to ensure there were no mistaken entries and that both parties are in fact willing and able to contract.
04/13/23 7Laurie.McCabe@PrintVision 757-343-8545©2008 PrintVision. All Rights Reserved.
Reduces Expenditure In Corporate Cost Centers
Let us show you how our clients, such as this World Renown Chain of Luxury Hotels and Resorts use PrintVision
PrintVision eProcure - PrintVisionLabel User Q1 - '06 Q2 - '06 FY - '06
Creative Services
# of Projects 55 50 105
Spend $ 1,632,583.00 $ 1,228,851.00 $ 2,861,434.00
% Saved 89% 32% 60%
SPG/Lacek
# of Projects 14 21 35
Spend $ 600,460.00 $ 353,805.00 $ 954,265.00
% Saved 25% 9% 17%
SVO CSG
# of Projects 24 29 53
Spend $ 74,968.00 $ 79,301.00 $ 154,269.00
% Saved 20% 31% 26%
TerraMor
# of Projects 17 34 51
Spend $ 245,794.00 $ 348,505.00 $ 594,299.00
% Saved 9% 52% 62%
Sub Totals:
# of Projects 110 134 244
Spend $ 2,553,805.00 $ 2,010,462.00 $ 4,564,267.00
Averaged % Saved 36% 18% 41%
Weighted $ Avoidance $ 1,614,794.91 $ 619,183.73 $ 2,233,978.64*
* Savings
During our live demonstration we will show you how since 2004 one of the world’s most popular chain of hotels and resorts has used PrintVision across all global business units and by their conservative
benchmarks maintain an average > $2M in savings annually.
04/13/23 8Laurie.McCabe@PrintVision 757-343-8545©2008 PrintVision. All Rights Reserved.
Actual Client # 1 Success Details
During 2005; 2006; and 2007, a PrintVision client sourced $19.6 million of print on PrintVision; and saved $6.9 million
That was $6.9 million after they subtracted attributable internal overhead for this procurement operation
Savings over all business units during this three-year period averaged 35.2%
The client increased its business 217% and more than doubled its savings in one year
ROI with PrintVision for 2005; 2006; & 2007 is an impressive 1268%
04/13/23 9Laurie.McCabe@PrintVision 757-343-8545©2008 PrintVision. All Rights Reserved.
Print Resellers: Increase Profit
If you are a broker and re-seller of print, PrintVision savings become your profits!
PrintVision saved another client $790,755 on Job #14790 and turned it into profit!
Potential Suppliers for Each Client Business CategoryClient Supplier Price Bid on PV Supplier Price Bid on PV
Extreme $159,888.00 Cenveo $208,228.00
Extreme $239,065.00 Cenveo $294,785.00
Extreme $562,199.00 Cenveo $606,970.00
R T Associates $366,408.93 Carr $461,325.71
Extreme $181,684.00 Cenveo $171,752.00 Totals $1,509,244.93 $1,743,060.71Benchmark $2,300,000 $790,755.07 Savings $556,939.29
Benchmark rounded to nearest $10,000 (by client)
Reduction % vs. Benchmark -34.38% -24.21%
1 PrintVision auction will increase profit w/ no added COGS
04/13/23 10Laurie.McCabe@PrintVision 757-343-8545©2008 PrintVision. All Rights Reserved.
Actual Client # 2 Success Details
In one afternoon the client placed over $4.6 million worth of printing they would ultimately re-sell to their end customer. PrintVision Savings = 34.38% instantly increased ROIC.
– That meant by the end of the day they added $1.58 million to their bottom line; while holding prices to their end users for two years.
PrintVision also helped them to qualify additional suppliers; set up the parameters for the bid; and ultimately the contract that the winning supplier signed.
ROI with PrintVision was 1918% The client grew its outsourcing revenue by 71% in the first six
months
04/13/23 11Laurie.McCabe@PrintVision 757-343-8545©2008 PrintVision. All Rights Reserved.
Actual Client # 3 Success Details
After 1 year outsourcing the Greeting Card Production from in house print facility to a strategic partner and during that year and for the next 18 months, identified market prices for all of their print jobs
Over 2 years, placed $10.345 million of Printing on PrintVision
The client saved $2,680,000 on their greeting cards; $1.351 on all of their other printing projects; for a 39% savings
ROI using PrintVision was 1399%
04/13/23 12Laurie.McCabe@PrintVision 757-343-8545©2008 PrintVision. All Rights Reserved.
PrintVision Generates The Same Results for Either a Profit or Cost Center
For Your Profit Center the PrintVision Solution is simply this: Reduced COGS (Cost of Goods Sold) = Increased Profit
Time Period Total Re-Sale to Client COGS Total Mark-Up
2/1/05 – 1/30/06 $2,990,000 $2,300,000 $690,000
2/1/06 – 1/30/07 $2,990.000 $1,509,245* $1,480,755
Re-Sale to Client (+/-) COGS (+/-) Mark-Up (+/-)
Unchanged - 790,755 + 790,755 or + 215%
COGS generated by PrintVision pricing event held on 1/30/06. Original mark-up percentage not provided by client. Illustration assumes 30% minimum mark-up
For Cost Center business units the PrintVision Solution is simply this: Benchmark Price – PrintVision Savings = Spend Avoidance
Time Period Total Benchmark Price Total PV Pricing Total Spend Avoidance
1/1/06 – 6/30/06 $4,564,267 $2,330,288 $2,233,979
04/13/23 13Laurie.McCabe@PrintVision 757-343-8545©2008 PrintVision. All Rights Reserved.
Want to learn more and start saving?
Contact [email protected] to schedule a demonstration
Then we will discuss the risk-free trial period; we do the work and you keep the savings!