Outsourced Procurement Services

LBMC Procurement Solutions is a fractional procurement services team providing a boutique solution that removes scale as an obstacle for clients. With aggregation & strategic analysis of operational spend, we can help businesses better monitor costs, report expenses, and do more with less effort.

Our seasoned procurement professionals deliver cost savings and measurable business value in both your direct and indirect spend. LBMC partners with clients to provide procurement services for both direct and indirect spend through a variety of options including an extensive supplier network with category management and expertise for 60+ suppliers, 15 top-tier suppliers, custom sourcing support and alignment with the largest domestic GPO.

We partner with clients to design intelligent sourcing and procurement solutions that address today’s objectives and enable flexibility to accommodate scale. Regardless of your company’s spend, you have an opportunity to drive down cost through procurement by implementing category management.

LBMC focuses on tactical buying steps such as maintaining accurate spend data, optimizing payment cycle terms, eliminating errors in invoices to help optimize the procure-to-pay cycle, spot buying, purchase order management, catalog management, master data management and accounts payable.

What is procurement in business?

Average Client - 22% Savings across all negotiated spend categories

One component of Procurement is the strategic analysis of operational spend. Done well, it can yield rapid savings of 22% on average to your bottom line, with enhanced services and efficiencies. Today, the procurement function within businesses is being elevated to a strategic component of value creation. This provides the opportunity of a competitive advantage for business owners. A good procurement solutions provider can become an extension of the organization’s existing procurement resources, helping you do more with less effort.

Start a conversation today!

How do procurement services work?

LBMC is an Aggregated Procurement Partner.

LBMC developed a solution that turns passive participation in a GPO into an active effort to bring all needed items under contract and control – thus becoming your Aggregated Procurement Partner. If you have a company-specific need that is not in the network, we will use our Group Purchasing Power and negotiation experts to negotiate a better contract with you and for you. When we add it to our portfolio and offer the same product to our growing list of clients, we’ll continue to drive pricing down and ROI up.

While some Group Purchasing Organizations (GPO’s) pass their bulk buying power on to their members in the form of tiered discounts, LBMC aggregates all client spend so that clients get the same pricing. Regardless of the size of your company, you can receive two times, three times, even ten times the volume discount you would have qualified for.

Procurement vs. Purchasing (GPO)

Want more information on procurement services?

Video


Play Button

Can my company benefit from outsourced procurement services?

LBMC is a Procurement Service Provider.

LBMC’s strategic procurement team can positively impact your company’s bottom line through our full procurement process from aggregated purchasing power and supply sourcing. We are a procurement service provider who can provide:

  • Competitive market research
  • Rapid analysis of organization spend
  • Select suppliers
  • Strategic vetting
  • Negotiate payment terms
  • Contract negotiation and management
  • Project management
  • Travel discounts
  • Rapid implementations
  • Procurement transformation
  • Purchasing goods, services or work from a third-party supplier

Contact our procurement team!

Testimonial Icon
“My CFO charged me with reducing operations spend. LBMC Procurement Solutions not only helped me save $35K on my computer hardware costs, but they had such superb vendor relationships that it resulted in a rapid and stress-free implementation.”
CIO, Professional Services firm

Advantages of working with LBMC Procurement Solutions

LBMC provides clients with a flexible set of procurement outsourcing options, custom configured to meet specific needs with tailored solutions. Working with LBMC, clients’ experience:

  • One true point of contact for any issue
  • Savings of 10 to 40%
  • ROI typically exceeding 300%
  • Quick, easy wins
  • Purchasing power leverage
  • Negotiations on your behalf

LBMC Procurement Solutions holds a Quarterly Business Review (QBR) with all clients, to review what the company is saving and what areas offer additional opportunities for savings.

I want to know my procurement outsourcing options!

Procurement Partners and Key Suppliers


Our Range of Procurement Solutions

Our range of procurement solutions include:

  • Source-to-pay – spend management, strategic sourcing and supplier management, performance management and procure-to-pay
  • Procure-to-pay – purchasing, receiving, accounts payable, inventory and dashboard reporting
  • Contract management – Our procurement team will support your contracting process from the negotiation of terms and conditions through full execution of the contract.
  • Facilities management – We bring significant value to our clients through the coordination of space, infrastructure and organization facilitation, the creation of standards and “bills of materials” for repetitive or de-novo projects.

We have experience in delivering procurement solutions to multiple industries including healthcare, manufacturing, retail and financial services.

Are you ready to do more with less?

How do I get started with outsourcing procurement services?

The first step for any organization seeking to optimize its procurement efficiencies and savings is to speak with a procurement solutions provider. The conversation starts the process of discovering where your business may have inefficiencies around process and identify saving opportunities.

Improvements to the bottom line can come in hard savings based on a cost-to-cost comparison or soft savings in efficiencies, technology and reporting. Strategic procurement, however, goes beyond just saving money to creating innovative processes that improve a company’s operations and efficiencies and position it for long-term success.

Fill out our contact form to get started.

Leadership Team

Link to Tammy Outsourced Procurement Services

Tammy Wolcott

President and CEO, LBMC W Squared, LLC and LBMC Procurement Solutions, LLC

phone icon email icon Nashville
phone icon email icon Nashville
Link to Ashley Outsourced Procurement Services

Ashley Patterson

Vice President, Accounting and Client Services

phone icon email icon Nashville
phone icon email icon Nashville

Contact Us

We’re happy to answer any questions you may have on what our procurement experts can do for you. Please send us an email using the form and one of our professionals will get back to you promptly.

LBMC Procurement Office Location:
3 Maryland Farms, Suite 150
Brentwood, TN 37027

Phone: 615-377-4600

Office Hours: 8 a.m. – 5 p.m., Monday-Friday

Headquarters:
201 Franklin Road
Brentwood, TN 37027

Mailing Address:
P.O. Box 1869
Brentwood, TN 37024-1869

Chattanooga:
605 Chestnut Street, Suite 1100
Chattanooga, TN 37450
423-756-6585

Knoxville:
2095 Lakeside Centre Way, Suite 220
Knoxville, TN 37922
865-691-9000

This contact form is for service inquiries only. All vendors should email info@lbmc.com.