All about ERA | Expense Reduction Analysts

about expense reduction analysts

Expense Reduction Analysts is a wide network of management consultants. We use our expertise in purchasing categories to help organisations reduce their expenditure in order to generate additional profit, or working capital.

company history

Expense Reduction Analysts has been trading in the UK & Ireland since 1992. We are a business consultancy, offering strategic advice and practical methods which optimise supplier relationships. In practice, we have a network of 135 specialist procurement consultants.

We have people with experience gained during long careers at a senior level in their areas, and we use this experience to advise businesses on how to get the best deal from suppliers.

We help to:

  • Improve internal processes
  • Manage supplier relationships
  • Benchmark prices
  • Conduct tendering exercises
  • Integrate and identify new suppliers

We then stay with our clients for the long term, conducting regular invoice audits. This ensures that we maximise the savings we identify and keep prices in check for the long term.

our process & methodology

“The value that the consultants brought to our company goes far beyond the cost savings they achieved. In particular, we felt that Keith and Sue actually became part of our team as opposed to simply acting on behalf of us. In categories where we encountered issues, the took the hassle away from us, working hard to resolve any issues behind the scenes. The level of detail the consultants provided was astounding and they were fantastic at keeping suppliers accountable.”
Lucy WescottH&T Group

The first thing we do is to listen to you. Our aim is to get a good understanding of your business and your priorities.

We then work with you to deliver against your objectives. In practice, this could mean reducing cost. It could mean consolidating suppliers or reducing supply chain time. It could mean generating cash to help your business fund its growth.

We typically begin by reviewing your spending; a thorough analytical view of who is buying what, where and for how much. We do this with minimal interference or resource at your end; we take copies of all your invoices in a certain cost area for the past 12 months. This analysis always throws up some interesting patterns that clients were unaware of before. Our objective analysis uncovers anomalies, spots trends in spending and identifies opportunities to save.

In more than 50% of our projects, our clients retain the incumbent. And as the client, you remain 100% in control of all decision making. Only this time, you’re making that call based on independent data and impartial advice.

Once we have completed the initial part of our project, what truly sets us apart is our ongoing audit service which keeps you on track over the engagement period, ensuring cost reductions that have been identified are realised and compliance with the agreed plan is being achieved.

Our expert specialists utilise our systems and tools where they can identify pricing errors, anomalous spending patterns and off-contract purchasing. This skilled expertise in implementation and ongoing measurement is recognised by our clients as a crucial aspect of our support, that delivers realised benefits for the long term.

thought leadership

Whether partnering with Procurement Leaders, or the Chartered Institute of Procurement and Supply (CIPS) and their publication Supply Management, ERA works to provide us all with a clearer view of the issues, complications and opportunities for the procurement function within all kinds of organisations.

Take a look at some of our collaborative publications, as well as our own quarterly newsletter below. Market Intelligence gets the latest news and information from our category experts out into the market. It’s their experience and expertise that gives ERA the actionable insight to make a difference for our clients.