Cost savings from Cost Reduction Associates

We can either help a business address specific cost issues or undertake a strategic expenditure review. The most obvious areas for expenditure reduction includes non-staff cost of sales items. But equally, there will be areas of indirect expenditure (reported as expenses) such as utilities, telecommunications, stationery, insurance, travel, advertising and catering services. It’s also likely that internal processes and procedures determine how well the business is managing its suppliers.

Any review of expenditure requires a focussed approach and therefore our well-established review process starts with a detailed spend analysis. We review total expenditure and through a structured process we collect, cleanse, classify and analyse spend data.

The output provides the business with clear direction of reducing purchase costs, improving efficiencies and ensuring compliance with internal supply arrangements. Also, we’ll create internal performance indicators showing the business where it needs to improve. We summarise each of these opportunities in a detailed expenditure review report.

Once we’ve focussed on key targets for cost reduction we then work with you to deploy specialist techniques to reduce expenditure. This might involve seeking opportunities to consolidate supplier numbers, negotiate improved pricing and terms, or review the range of goods being ordered depends on the cost category.

There are various strategies but either way, our associates have many years of experience in a range of industry sectors which means that have expert category expertise. We understand how the markets work and what motivates suppliers to offer clients the best deals.

After we’ve helped implement cost savings we’ll stay in contact to ensure suppliers continue to deliver exceptional value for money.