Expense Reduction Analysts gives members of the British Plastics Federation access to the expertise of the global leader in cost, purchase and supplier management. Expense Reduction Analysts helps companies, large and small, save money through realising optimum value from suppliers.
How We Can Help Reduce Costs
Helping our clients reduce costs and retain more profit through Sustainable Cost, Purchase and Supplier Management
Expense Reduction Analysts was founded in the UK in 1992 and today is a leader in Cost, Purchase and Supplier Management; focused on helping public and private sector organisations save money through realising optimum value from suppliers.
Our success in achieving typical savings of 19.7% is based on our approach. It involves providing regular independent reviews of our clients’ business expenditure, forensically examining potential ‘profit leaks’ and identifying areas for cost and purchase improvements.
While our buying power which comes from being responsible for millions of pounds of supplier spend is impressive, our strength is in our analysts’ depth of knowledge and expertise, which is able to unlock the unknown or seemingly inaccessible savings for our clients. Our experts will give you access to all of the benefits we provide relating to supplier negotiations, supplier performance monitoring, detailed management information and reporting.
If you could reduce your operating costs by 19.7% what would you do with the money?
Our philosophy is to create long term partnerships with our clients and to achieve cost reductions without compromising quality, service and purchase control; on the contrary our clients typically see a marked improvement.
At Expense Reduction Analysts, we work with a wide range of companies, from not-for-profit organisations such as schools, charities and healthcare providers, through to SMEs and large multi-national corporations, many of which can be found on this website.
Partnering with Expense Reduction Analysts represents little, if any, risk and once savings are achieved for our clients this additional profit can be used to fund business development, or to directly improve the bottom line. Therefore your only decision is how soon you wish to start improving your profits.
The trusted advisor that really cares about your business
Your Team on the Inside
Whilst our buying power is impressive, it is our extensive in-house knowledge and expertise that will deliver truly significant results. For example, when addressing some of the more complex cost areas such as insurance, business rates, bank fees, communications and logistics, we will assign specialists with first-hand experience of working within the relevant market sectors. This means that our analysts are aware of not only ‘true cost prices’ but also the optimum route to securing you the best deal.
This expertise was demonstrated when working with Volkswagen Group UK Ltd to review its existing insurance arrangements. Despite its size, reputation and clear understanding of the automotive industry, the Volkswagen Group UK Ltd was unable to secure acceptable savings on its policies. Expense Reduction Analysts leveraged its knowledge, expertise and experience to achieve a cross-group saving that had previously seemed to be impossible.
We are consistently able to attain better deals than any one company, irrespective of its size or purchasing power, due to the way in which we share and build on all knowledge obtained during each cost and purchase review. This pooled and continually developing knowledge gives us considerable power when negotiating with suppliers to ensure that you receive best prices and the best quality of service now and in the future.
Also, whilst we are an influential force within the supply chain, we are immune to influence from suppliers. For example, we do not accept commission.
When we are engaged, our only objective is to do what is right for our client and these are the strict terms on which we have been able to forge strong working relationships with suppliers and service providers alike.
Buying power that has given even our biggest clients extra weight
The Power of Procurement
Given our purchasing influence, we are regularly able to negotiate special terms with suppliers, often at Director level, accessing pricing that is unique to us. Our clients benefit from this as do our suppliers. Even with existing suppliers, we regularly identify cost efficiencies within the supply chain leading to improved pricing for clients and a lower cost base for the suppliers. This is the reason that in the majority of projects, clients choose to retain the existing supplier at the end of our negotiation period.
We compare the market providing openness and transparency allowing you to make informed decisions which are right for you. No matter what you decide, whether retaining existing suppliers or switching to new ones, you will almost certainly see a marked improvement in the value of the service you receive, irrespective of whether cost savings are achieved or not.
The cost reductions we achieve are driven through professional negotiation and include a comprehensive evaluation of not only the supplier’s compliance to your specific needs but also its compliance to any industry certification requirements. Also, we commit to monitor, on a project-by-project-basis, supplier performance to ensure that consistent savings are being realised without any degradation in the quality of the products or level of service received.
Long-term relationships based on openness, teamwork and trust
Clients for Life
Expense Reduction Analysts is committed to building long-term relationships based on openness, teamwork and trust. We work entirely in partnership with our clients, delivering tangible benefits and providing tailored services to meet their corporate goals and ultimately find extra profit.
Through partnering with us, you and your team will always be in control. Our key requirement from you, is to identify those cost areas which you believe have the highest impact on your profits and any additional areas which you are not able to easily address in-house. We then undertake a review in order to assess the scale of opportunity for profit improvement.
If required, these results can be researched further and presented back to you within a comprehensive report. You then decide the way forward.
Once savings have been identified in line with the project brief agreed, you will have the option to choose the solution that best fits your needs. If the project is contingency fee based, we will share the savings over the contracted period.
Throughout this period, you will have access to all of the benefits we provide relating to supplier negotiations, supplier performance monitoring, detailed management information and reporting.
Our goal is to have delighted clients. This principle means that many clients choose to retain these services beyond the initial contract period. Of course, there is no obligation to do this at the outset, we understand that you will only ever want this service if we have added sufficient value.
Contact Expense Reduction Analysts
Unit 21D, Folkestone Enterprise Centre
Shearway Business Park
Folkestone, Kent, CT20 2DT