ARLINGTON, Texas -

While the market might be improving according to some industry research, the National Independent Automobile Dealers Association emphasized how important it for dealerships to make sure they’re executing spend management best practices and strategies to be in an optimal position for the recovery.

That’s an area where NIADA’s newest National Member Benefit partner might be able to help.

Joining the list of vendors aimed to help independent operators is StrategicSource, a spend management consulting company based in Bloomington, Minn.

NIADA’s independent dealer members can take advantage of StrategicSource’s comprehensive spend management and sourcing services at discounted rates to maximize their profits.

“We’re excited to become an NIADA National Member Benefit partner,” StrategicSource president Doug Austin said in a news release. “Our NIADA programs can be an instrumental factor in driving profitability for association members.”

With expertise in more than 130 expense, cost recovery and revenue-enhancing categories, StrategicSource can help give NIADA members peace of mind knowing highly competitive spend management solutions are being developed, implemented and audited across their dealerships to reduce expenses and improve profitability.

“In uncertain times, optimizing supplier spend and cost is extremely important, and StrategicSource has its entire focus on making a big impact to your profits and cash flow, offering a personalized and customized approach to clients and aligning its solutions and tools with the needs of its clients’ objectives to provide them with a competitive differentiator,” NIADA said.

The discounted service programs offered for NIADA members include:

—Profitability Improvement Program (PIP): A comprehensive, customizable sourcing, implementation and spend management solution with guaranteed ROIs.

—Profit Enhancement Program (PEP): An assessment and price benchmark solution with potential to generate savings of 24 percent or more.

—ExpenseEDGE: An easy-to-use purchasing portal to provide your dealership with all the price benchmarks, certified suppliers and tools you need to reduce your expenses.

“Having access to the aggressive sourcing solutions offered by StrategicSource allows NIADA members to be better positioned to reduce expenses and improve profitability,” NIADA director of business development James Gibson said.

For more information or a complimentary demonstration and savings analysis, email sales@strategicsource.com.