Case Study: 6500 Wilshire Blvd

6500 Wilshire Blvd.

6500 Wilshire Boulevard has been a landmark in Los Angeles since it opened in 1986. The 435,000 square foot, I.M. Pei designed 24 story office building has been recognized for its beauty, efficiency, and world class operations for the past several years. The building has won three consecutive TOBY awards (2002, 2003, 2004) for the Greater Los Angeles Area region. It has also been recognized by the EPA with four consecutive Energy Star Awards.

Challenge

Deploy SiteStuff Product Sourcing

• MRO Catalog Purchasing
• Walk-up Channels including Grainger
• Special Purchase Tools

Deploy SiteStuff Bid Management Platform

• RFP Tool
• Contractor Directory
• Bid Manager

Fully Utilize SiteStuff Information Management Tools

• Procurement E-invoicing with GL Coding
• Procurement Reporting
• Spend Analysis

Objectives

• Achieve at least 50% compliance with SiteStuff Procurement and RFP Tools
• Reduce Procurement Costs
• Standardize on Vendors
• Standardize RFP Processes
• Reduce Cost of Services
• Gain Better Visibility into Spending

Results

• Achieved 100% compliance with SiteStuff
• Saved 12% on First Year’s MRO Purchases using the same vendors
• Savings gained by using SiteStuff Bid Management Tool
• Saved 13% on Exterior Landscaping
• Saved 8% on Interior Landscaping
• Saved 18% on Metal Cleaning
• Achieved 100% compliance in using RFP Tool
• Achieved Complete Visibility into Product Sourcing and Services Spends

In their own words…. Dan Shveda is the General Manager and Teresa Chauvin is the Assistant Real Estate Manager at 6500 Wilshire Boulevard. CB Richard Ellis is the management company. When Dan and Teresa took over the management of this building in 2003, their first task was to reposition the building and enhance its appearance. Their association with SiteStuff has played a key role in helping them achieve their objectives and a great deal of industry recognition. According to Dan, SiteStuff helped them save 12% the first year on their MRO purchases utilizing the same vendors for janitorial, lighting and office supplies. Dan and Teresa told us that SiteStuff’s Bid Management Platform helped them save money on interior and exterior landscaping, as well as metal cleaning. Using the SiteStuff RFP tool, they saved 8% on interior landscaping, 13% on exterior landscaping, and 18% on metal cleaning. “Our SiteStuff partnership has enabled us to save time, save money and gain much better control of our operations,” according to Dan. He went on to say, “To be competitive in this market, you have to offer your tenants world class service and amenities…and with SiteStuff as our partner, we can do just that.”