Saving Money by Procurement
Imagine a company turning over £10 million per year, spending £2.5 million per year on the purchase of goods and services, and making a 10% gross profit. To achieve a 50% profit improvement by increasing sales alone, turnover would have to increase by half – no mean achievement.
However, a 50% improvement in gross profit could also be achieved by reducing overall purchase costs by only 20% - perfectly feasible if procurement best practice were introduced.
We have achieved savings of up to 50% for previous clients, and can show you how to achieve them, including assisting you to hire the best procurement professionals should you wish to. Our case studies give a taster of the international clients we have worked for and the successes we have achieved.
We have not achieved these savings simply by beating down suppliers' prices either – suppliers are valued business partners and there is nothing to be gained by forcing them to reduce their prices to the point where they are making no profit on their business with you. Such an approach will not facilitate the long term sustainable business relationships you need - not to mention the impact it could have on service levels.
For more information on our procurement services Click Here to contact us.