Our mission is to enhance the commercial performance of clients, through the application of exceptional procurement expertise. We have experience of working in a broad range of sectors, and for both large and small companies.
Companies spend on average some 50% of revenue on purchased goods and services. While the proportion varies between market sectors, even a modest improvement in input costs will have a marked impact on company profitability, releasing funds for investment, improving returns for shareholders etc.
Professional procurement practices will also strengthen a company in a number of other ways.
We enhance clients’ profitability by improving the management of their purchased goods and services. This is achieved through a unique combination of:
- high-level procurement expertise
- experience of improving the procurement performance of companies in a wide range of industries
- experience of a broad range of supply markets
- tried and tested methodologies
- innovative thinking and approaches
What can Cost Reduction Consultants do for my company?
The 8-needs assignment
Our assignments are generally focused on one or more of the following client needs:
A need for cost base improvement
For some companies, a strong focus on cost base improvement is a way of life, and for others is an occasional drive. Whichever is the case with your company, we can improve your cost base and leave you better equipped to manage it in the future.
A number of our clients are companies facing a squeeze between large suppliers and large customers. High-level procurement expertise is required to markedly improve terms with large suppliers. This would typically include extensive source planning, cross-functional teamworking, and expert contract development / negotiation / management.
A need to assess procurement competence, strategies, organisation, systems, processes, policies and procedures, contracts etc.
Companies often seek a procurement “health check”. As well as providing this, we can provide a guide to the prevailing cost reduction potential within your business.
A need to improve staff competencies
Whether or not a company has dedicated procurement staff, there may be a need to assess and improve the procurement competencies of individuals charged with dealing with suppliers. Cost Reduction Consultants can satisfy this need either through mentoring or delivering appropriate courses.
A need for change management expertise
Clients frequently need to make changes that impact on their supply chains. These changes need to be handled both competently and sensitively. Cost Reduction Consultants have substantial experience of managing change under difficult circumstances.
A need for improved supply security
In a number of markets, supply shortages can occur for a variety of reasons, including market manipulation by large suppliers. Such shortages can be very damaging. We can introduce a range of approaches to reduce the incidence of such shortages and their severity.
A need for expert contract development and negotiation
Our consultants have many years’ experience of developing and negotiating contracts, from the simplest to the most complex.
A need for high-level procurement expertise for a major project
Many companies do not have in-house high-level procurement expertise, and even when they do, it may be fully occupied with ongoing issues. We can provide such expertise as and when required.
A need to outsource spend area management
It is often the case that companies need to outsource the management of one or more spend areas, for a variety of possible reasons..