Loading ...There’s nothing like tracking how much money is lost though non compliance of agreements to focus everyone’s mind. Working within the arrangements that have been put in place is critical to ensuring that you benefit from cost and purchasing management reviews, indeed the level of compliance we report back to clients at each supply audit is an indicator of the level of buy in from stakeholders throughout the business.
Below are the 5 key measures which, in our experience over the last 12 years working with a whole range of clients, you should use to measure the impact of your purchasing function:
1. % compliance to agreed contracts
2. Savings
3. Cost of any non compliance
4. Stakeholder satisfaction
5. Expenditure under review/contract
The key is to have a number of priorities that end up achieving the goal of the Cost Review. One of the added value elements of our work is delivered through providing these measures on a regular basis.
- I use my many years experience in Procurement and my strengths in working with others to ensure clients are getting the lowest possible costs for the goods and services they require without compromising service or quality. I also coach and support their teams to enable them to deliver ongoing and sustainable cost avoidance, cost containment and cost reduction initiatives
- These cost reviews are delivered through the application of professional buying techniques combined with unrivalled leverage and expertise in over one hundred different areas of overhead expenditure.
- The savings are on average 19%, achieved without compromising the quality of the goods or services purchased and, more often than not, without changing suppliers.
- Our client list includes both large and SME business, such as Kia Motors, Paul Smith, VW, Hilton and over 1700 others.
At Expense Reduction Analysts we are frequently asked to review the waste and medical supplies costs associated with Nursing
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