Our Story
Driving A Positive Financial Impact For Your Organization
Our team has three (3) main objectives to deliver value:
- 1Drive expense reduction initiatives within your organization
- 2Drive expense reduction initiatives within your supply base
- 3Introduce diverse suppliers that may add value to your organization and/or supply base
Lamar Love, Founding Partner
THE BACKGROUND
The idea for System Stream came from Lamar's past experience:
Lamar has spent over 30 years building expertise in problem solving, developing and managing effective teams, and working with large organizations to deliver value that aligns with their mission. Nearly a decade of those years were spent collaborating with hospital C-suite leadership teams to achieve Magnet® designation, redesignation, and operational nursing excellence.
Throughout his career, he has partnered with hundreds of hospitals nationwide, including esteemed institutions such as Penn Medicine, Memorial Hermann, Johns Hopkins Medicine, Baystate Health, Baylor Scott & White Healthcare, CHI Health, Children’s Healthcare of Atlanta, Arkansas Children’s Hospital, Upstate Medical University, Prisma Health, Wellstar, Loyola Medicine, RWJ Barnabas Health, Guthrie, Ohio Health, Ochsner, Huntington Hospital (CA), UCI Health and many others.
Lamar’s diverse background encompasses:
- Business Coaching
- Business Analysis
- Business Development
- Business Consulting
- Entrepreneurship
His extensive experience across various industries equips him with a unique perspective, enabling him to help leadership teams think creatively to tackle challenges and implement innovative strategies.
Lamar approaches each project with a focus on strategic planning and effective problem-solving. His success is rooted in a genuine passion for helping others achieve their goals. You can trust that Lamar will always prioritize your interests, fostering mutually beneficial, long-term relationships built on integrity and collaboration.
THE PROBLEM
For a Tier 1 Supplier, driving cost reduction while increasing value is a primary goal and a huge challenge. Most suppliers struggle to deliver meaningful cost savings to their clients. Lamar's previous company was among many that were called into Auburn Hills, Michigan for a Tier 1 Suppliers Conference. The message that day was a mandatory 5% reduction across the board for all suppliers. Figure it out or be replaced.
When a supplier's margins are already razor thin, how do they reduce prices even further without negatively impacting the quality of service being provided to the client? Unless a supplier has been through these trenches before, it is very hard for them to figure things out on their own.
On the other hand, if there is no mandate by the client for cost reduction, most suppliers simply keep with the status quo. Periodic price increases are usually the result. There's no incentive for the supplier to figure out how to reduce pricing further and deliver more value. At least, not until their contract is up and another RFP hits the street. That could be 2-5 years in some cases. Which could equate to millions in lost expense reduction opportunities.
THE VALUE OF INNOVATION
Lear Corporation also had a 5% price reduction mandate. However, they took a different approach. Lamar developed a price reduction program that highly intrigued Lear. They took the leap of faith and gave it the green light. In short, instead of just saving Lear the mandatory 5% savings, Lamar's company delivered over 20% in costs savings on a national contract. The success of the program lead to a nomination by Lear for Supplier of the Year.
When partnership intersects with innovation and a little leap of faith, success is just around the corner. The success at Lear led to Lamar's company generating over $30M in new business opportunities within the automotive industry.
THE SOLUTION
System Stream focuses on one main goal... expense reduction. We are an alliance network of expense reduction experts. Our mission is to drive a positive financial impact for your organization and your suppliers. We are your additional resource to support your expense reduction initiatives. For your suppliers, we are that 3rd party resource that helps them figure out how to reduce their expenses so they can increase the value they deliver to your organization. For your diversity goals, identifying and introducing diverse suppliers is integrated into our process on all projects.
THE TEAM
Our growing Alliance Partnership Network includes: