Cost Reduction Analysts

Our discreet forensic procurement audit identifies “profit burners”. A subtle blend of the tender process and financial investigative work.

Focal points:

• improve pricing
• ensure Best in Class service levels
• implement effective ongoing compliance processes

Audit

Audit data is typically acquired electronically from suppliers; very occasionally we require purchase invoices.

Normally analysis takes place remotely; your activities remain uninterrupted.

Meetings are conducted using Cisco WebEx video conferencing, at any location.

Report

Your Audit Report clearly defines savings, current processes, weaknesses and opportunities for improvement.

We respect your existing supplier relationships — indeed, we often use our knowledge to help suppliers source at more competitive prices.

In most cases there is no need to change suppliers to achieve savings.

Independence

In securing cost reductions we act as a totally independent consultant. We do not have preferred suppliers; we obtain quotations from your current suppliers as well as carefully-matched potential suppliers.

Savings

We work on a “no savings, no fee” basis. Our fee is an agreed percentage of the savings, payable for one year.

We do not request any payment until we have successfully completed your Audit. Our fee can be paid in quarterly installments as you benefit from the savings.

 
Business Type Reviewed Savings %
Bank £1,320,000 £380,000 29%
Solicitors £2,200,000 £510,000 24%
Insurance Company £2,280,000 £603,000 26%
Media £1,100,000 £330,000 30%
Government Dept £270,000 £99,000 37%

Contract Compliance

One of the biggest challenges relating to indirect procurement is out-of-contract spend. We deliver joined-up proposals that ensure compliance with your agreed contract pricing.

You benefit from lower pricing as secured by The Auditor’s ongoing monthly contract compliance report, which confirms that savings are indeed being achieved.

Ongoing

We are readily available on an ongoing basis to assist with any supplier performance issues.