What CostReduction does

Cost Reduction Specialists, Inc. (operating as CostReduction) is a privately held, North American professional services firm specializing in cost reduction consulting, purchasing support, outsourced sales, and technology services for mid-market businesses. The firm applies Lean Manufacturing and Six Sigma methodologies to identify waste, analyze processes, and recommend efficiency improvements across more than 50 expense line items — including telecommunications, utilities, hazardous waste disposal, building materials, HVAC, safety equipment, and healthcare consumables — claiming average savings of 30% and over 100 years of collective team experience. Its core offerings comprise four service lines: Purchasing Services (vendor-funded, paid like a travel agent), Cost Reduction Services (performance-based, invoicing 50% of hard-dollar savings after realization), Consulting Services (daily/weekly rate engagements), and Outsourced Sales Team (leveraging an internal network of sales agents and vendors). It also provides ancillary Technology Support (IT infrastructure, telecom switching, network wiring, firewall/security) and Business Services (relocation, leasing, marketing, staffing, insurance).

The firm serves a diversified set of verticals — manufacturing as the primary segment, with secondary practices in medical and assisted living, hospitality (hotels and restaurants), construction, and auto racing — targeting mid-market companies experiencing profit plateau, declining efficiencies, or runaway non-core costs. Its go-to-market is direct sales-led, with a single shared phone number (336-669-7611), a sales email ([email protected]), a website contact form, and a documented referral channel driven by satisfied customers. Operations are delivered from two offices: a USA headquarters in Greensboro, NC (1201 Foxhaven Dr.) and a Canadian regional office in Winnipeg, Manitoba. There is no public revenue, headcount, funding, or investor information disclosed; ownership is privately held with no identified parent or external backers.

Name

CostReduction

Legal name

Cost Reduction Specialists, Inc.

Website

https://costreductionspecialistsinc.com

Company type

Private

Operating status

Operating

Short description

Cost Reduction Specialists, Inc. (CostReduction) is a privately held North American consultancy that helps mid-market businesses cut non-core expenses using Lean and Six Sigma, offering performance-based cost reduction, vendor-funded purchasing, consulting, and outsourced sales services.

Ownership category

akta.pro rank

Product category

Business Consulting Services

NAICS

Management Consulting Services (54161)

SIC

Services-Management Services (8741)

akta.pro primary industry

Cost Reduction & Working Capital Optimization (BPAHAHAL)

Keywords

• Cost reduction consulting
• Purchasing services
• Operational efficiency consulting
• Outsourced sales services
• Expense management advisory

Headquarters

HQ city

Greensboro

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Cost Reduction Services: Performance-based revenue model. CRS invoices for 50% of the hard dollar savings achieved for clients on current fixed expenses. They save companies money and get paid only after the savings are realized by the client.
2. Purchasing Services: CRS saves companies money on new purchases at no cost to the client. CRS gets paid by the vendor, similar to how a travel agent operates.
3. Consulting Services: Team works with clients on a daily or weekly rate for consulting engagements. Provides business coaching, technical due diligence, and facilities consulting.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Cost Reduction Specialists is a professional services firm that audits and reduces non-core business expenses for companies across multiple industries. The firm offers performance-based Cost Reduction Services (50% of hard-dollar savings on current fixed expenses), vendor-funded Purchasing Services (savings on new purchases at no client cost), daily/weekly Consulting engagements, and Outsourced Sales Team support. Services target over 50 line items including telecommunications, utilities, waste disposal, safety equipment, and supply chain costs.

Product overview

Cost Reduction Specialists, Inc. is a professional services firm offering a unified suite of cost reduction and business optimization services rather than a technology product platform. The core offering consists of four main service lines: Purchasing Services (vendor-funded savings on new purchases), Cost Reduction Services (performance-based savings on fixed expenses with 50% fee sharing), Consulting Services (engaged on daily/weekly rates), and Outsourced Sales Team services. These are supported by specialized sub-service offerings including Utilities Optimization, Waste/Byproduct Management, Infrastructure Analysis, Inventory Disposal, Supply Chain Management, Resource Reallocation, Business Services (office relocation, leasing, marketing, staffing, insurance, etc.), Technology Support (IT infrastructure, telecommunications, software development), and Performance Consulting (Lean/Six Sigma methodology implementation). The company claims over 100 years of collective experience with demonstrated average savings of 30% across their service areas.

Differentiator

Problem solved

Functional benefit

Products and services

• Cost Reduction Services Performance-based cost reduction service that saves clients money on current fixed expenses across more than 50 line items (telecommunications, utilities, safety equipment, building materials, HVAC, hazardous waste disposal, copier/printing, document handling, healthcare consumables, etc.). CRS invoices only 50% of hard-dollar savings after the client realizes them and never recommends headcount reductions. Targets businesses with plateaued profits or declining efficiencies.
• Purchasing Services Vendor-funded purchasing service that saves companies money on new purchases at no cost to the client. CRS leverages its vendor network to negotiate better pricing on behalf of clients and is compensated by the vendors, similar to how a travel agent operates.
• Consulting Services Consulting engagements priced at daily or weekly rates. The team works with clients to analyze and improve business operations, providing business coaching, technical due diligence, and facilities consulting.
• Outsourced Sales Team Outsourced sales team service that leverages the extensive network of CRS sales agents and vendors to support client sales operations.
• Performance Consulting Efficiency consulting using Lean Manufacturing and Six Sigma methodologies to identify cost-saving opportunities and implement process improvements. Applied in crisis situations to give clients the best chance of operational recovery.

Quantifiable outcome

• 30% average savings across various cost reduction areas
• +3 more outcomes

Named customers1 record

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Emerging players

• Zycus: AI-powered procurement software platform that automates source-to-pay workflows; partial overlap with CRS's category-savings work but delivers it as SaaS rather than manual consulting.
• Ivalua: Procurement and spend management software vendor that competes for the same client cost-reduction budgets as CRS via a SaaS-led, rather than consultancy-led, delivery model.

Direct peers

• Valicom: Telecom expense management (TEM) and wireless cost optimization provider — comparable to CRS's telecommunications cost reduction offering on a more technology-enabled basis.
• Spendology: Specialized spend management consultancy that audits indirect spend categories and shares savings with clients, overlapping directly with CRS's fixed-expense reduction service line.
• Captira Analytical: Telecom and IT expense management firm that performs cost reduction on communications services — directly comparable to the telecom/utility line-item work highlighted in the CRS Mayflower testimonial.
• ROI Consulting: Procurement and cost reduction consultancy that delivers vendor savings and expense optimization for mid-market and enterprise clients, directly competing with CRS on the same performance-based value proposition.

Broad incumbents

• Corcentric: Procurement and accounts-payable automation plus consulting provider; adjacent to CRS because it tackles the same indirect-spend categories with a technology-enabled approach.
• GEP Worldwide: Large global procurement and supply chain consulting + software firm; competes with CRS on enterprise procurement but with broader portfolio, technology platform, and global delivery.
• The Hackett Group: Management consulting firm specializing in procurement, finance, and operations benchmarking — overlapping with CRS on cost reduction and operational efficiency engagements but serving larger enterprises.

Others

• Buyers Meeting Point: Procurement training, research, and community resource for sourcing professionals; thematically adjacent to CRS as an ecosystem enabler in the cost-reduction and procurement space.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/cost-reduction-specialists-inc.

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CostReduction