Cost reduction, or cost optimisation how it is also known, is the process of continuously analysing your spend against the products and services that you procure, to reduce costs whilst maintaining value for money. Our expert cost reduction consultants can help you to get the best value from your procurement operations, whilst also helping improve your business efficiencies, working practices, engaged supplier relations and innovation through robust business cost reduction strategies.
We often see organisations making buying decisions quickly, sometimes at the point of necessity. Supplier contract terms that are written by their legal teams are accepted but not fully understood or managed due to lack of staff capacity or experience in managing complex supplier relationships.
Add to this limited visibility of data – both in terms of your own spend and wider market data for benchmarking purposes – and you can see how it can be tricky for internal teams to be certain that they are getting value for money.
We understand how to pragmatically optimise costs and create detailed cost reduction strategies, without compromising on value or service levels, through our cost reduction consultancy solution.
Mick spent 20+ years working for EDS and HP in the IT and BPO outsourcing industry, solutioning and managing complex Pan-European delivery models. This background has created a real passion for service excellence and delivering solutions that deliver true value.
Drive data-enhanced decisions with dashboards that empower, provide clarity and deliver category-level insights.
We support your cost reduction strategies with a platform that will offer instant access to high-level summaries, as well as granular-level detail. We’ll help you see your spending patterns and react quickly to market shifts, uncover cost-saving opportunities and optimise your procurement strategy.
Category
Dashboard
Drill down into specific categories, suppliers and transactions with ease.
Category Drilldown
Dashboard
See proactive insights to control category costs and service expenses.
Supply Matrix
Dashboard
Transform complex supply chain data into actionable insights that will help manage risk, prioritise suppliers and ensure uninterrupted supply chains.
Reports
Dashboard
Filter, compare and analyse these customisable dashboards to make data-driven decisions with ease.
Parent Supplier Drilldown
Dashboard
Dive deeper into category spend and payment details to identify hidden opportunities.
Category Initiatives Drilldown
Dashboard
Real-time visibility into initiative effectiveness, supplier performance and savings achieved.
In tough economic times, business cost reduction strategies are not just a ‘nice to have’, they are an essential part of your organisation’s strategy. Any successful organisation should have an optimised cost structure that is constantly reviewed and challenged, but very few achieve this consistently due to the relentless demands of day-to-day operations.
Often, raising cost reduction questions with senior stakeholders in your organisation or existing supplier network can be challenging. This is where working with an external cost reduction consultancy who provide cost reduction services, like us, can really help. We can support you with cost optimisation by asking the right questions and focus on your finances, people, processes, systems, suppliers and spend to identify where you can deliver the most value.
When it comes to keeping your costs under control, there is no one-size-fits-all answer that will work for every organisation. The industry sector, size of the organisation and its own particular supply chain needs will all combine to determine what is appropriate.
As part of our procurement cost optimisation solution, we provide a structured and focused assessment of what is possible for your organisation, ensuring that fair, balanced and transparent deals are secured and, in turn, create long-term value and sustainable benefits.
The eXceeding consulting approach is cyclical. It ensures that our consultants can provide advice and expertise, create value, maximise growth and improve business performance through a process founded on continuous improvement.
We were looking to save costs across our supplier contracts but were also concerned with our contract terms and SLAs. eXceeding conducted an in-depth review of our current spend and helped us to agree new contracts and terms, which we were able to manage more efficiently. They reduced our costs by over £700k as well as reducing the number of suppliers we have, making our supplier management significantly more efficient. I would highly recommend eXceeding and wouldn’t hesitate to engage them again in any future projects.
We appointed eXceeding to help us to manage the procurement process to facilitate the running of 28 buildings. We knew that there was a need to consolidate suppliers and reduce the time needed from our own teams to manage them. eXceeding’s team helped us to run a fair and transparent tender process, ensuring that all suppliers were being handled fairly, whilst still ensuring best value for YMCA. With their input we secured cost savings and consistency in the way we manage our supplier contracts which in turn has saved considerable time – thank you eXceeding!
By engaging eXceeding, we felt confident that the inflight creation and management of clear and compliant tenders was in the hands of a trusted and capable partner. eXceeding provided support services for the entire programme and delivered cross-project reporting to all stakeholders. They have repeatedly delivered significant cost savings whilst demonstrating a high-level understanding of the complexities of our organisation.
Why not book a free appointment to discuss your requirements in more detail with one of our experts.
Working with eXceeding’s cost reduction specialists means that you benefit from our team’s practical approach to category management, procurement, cost optimisation, industry specific benchmark data, contract renegotiation and running tenders.
Our specialist team of cost optimisation experts brings a unique insight into supplier management, negotiations and renegotiations having sat on both sides of the corporate and public sector negotiating table.
We use this expert knowledge and real-world experience to offer a practical cost reduction services that are adaptable and fit for the evolution of your organisation.
Defined strategy
To help reduce spend, lower overheads,
consolidate suppliers and drive efficiencies.
Optimum solution
For your organisation’s needs, in line with
the best the market and sector have to offer.
Improved processes
Innovative ways of working with value creation
embedded in the culture of your business.
Collaboration
More effective supplier relationship
management for the long-term.
Reduced risk
A sustainable supply chain and
improved supplier diversity.
Robust contracts
Agreements that protect your
organisation’s interests and needs.
Our cost optimisation consultancy process ensures you not only save costs, but you also achieve business efficiencies, improved working practices, better engaged suppliers and innovation in the way services are delivered.
We are looking for an exceptional strategic procurement specialist to support our portfolio of complex sourcing projects.
Our outsourcing advice and consultancy solution will support your organisation in creating auditable strategic and tactical objectives which are aligned to your overarching objectives.
