Services Business Savings Action Plans

Cost Saving Specialists

Costs are Death to Profits by a thousand cuts. Every day there are many items being overpaid, that are eating away at your profits. Our Cost Saving Specialists offer innovative business Cost Saving ideas & solutions.

They provide an expert analysis of your operations in order to discover the maximum amount of cost savings, so as to improve your operating efficiency. They have knowledge of the sources of supply & expertise in reviewing and designing contracts to reduce errors and overcharges and to promote savings opportunities.

Contracts, supply costs and all overheads are reviewed. We then can implement strategic plans that result in sustainable financial health for the business.

There are always ways to reduce costs and streamline the business, and it is often difficult for someone working in the business to analyse it objectively. Further with the managemenTeam’s implementation means that time is not taken away from the staff & momentum is not taken away from the normal business operations. We identify errors & overpayments, renegotiate supplier costs & provide a selection of new vendors to reduce costs, while always maintaining the quality of your product or service.

The managemenTeam’s will often achieve Savings of up to 50% with some items. This will see results within 30 days of implementation.

We have a reputation for delivering the highest savings value, and we present a seamless and comprehensive strategy that engages every opportunity to save.

Excessive supplier charges eat into a large % of all business profits

Example: A business enjoying 15% profit margins would require an increase in sales of $2,000,000 to achieve the same impact on profits as a savings of $300,000 off procurement costs would achieve.

Our Business Savings Service includes Reviews of:

Bank Fees, Interest & Merchant Card Fees; Cleaning Services & Supplies; Commercial leases; Computer Supplies; Document Storage & Destruction; Energy; Equipment; Equipment Leases; Facilities; Fleet Management & Purchasing; Freight, Courier & Shipping; Hotel & Bar Supplies; Insurance; Inventory; Labour; Maintenance; Office Supplies; Packaging, Printing & Stationery; Property Taxes; Protective Clothing; Raw Material Sourcing; Repair & Maintenance; Sales & Use Tax Audit; Service & Maintenance Agreements; Software; Technology; Telecommunications; Travel; Utilities; and Waste.

We have achieved Cash Flow Savings of more than 50% for Labour & 29% for other expenses

Other Cost Saving Services

• Accounts Payable Audit
• Bright Ideas “Employee Suggestion” System
• Departmental Cost Analysis establishment
• Employee Cost Awareness Program
• Purchasing Strategic Plan Development
• Strategic Sourcing Department Development
• Supply Chain Management Analysis

Benefits

• Cash freed for capital equipment & projects
• Complete Spending Analysis
• Counters Price & Margin Deflation
• Full implementation support & assistance
• Immediate cash savings
• Increases cash flow
• Increases Profit
• Increases Revenue as a by-product
• Product & Service Quality is maintained
• Professional Assistance
• Quick Turnaround
• Savings outweigh our costs
• Savings are Actual not in the distant future
• Savings without business downtime
• Staged Introduction where required

How it Works

The ManagemenTeam analysis, can take a few weeks and includes a full review of your costs and some brief interviews with your purchasing staff and suppliers. To avoid disruption to your operations, most work is performed offsite.

We work with you from this initial analysis, review, approval, implementation and to the final achievement of the savings. We check for errors, identify savings and negotiate refunds.

We’ll also show you how to consolidate your vendors to help leverage your buying power - and then we’ll negotiate for better pricing.

We recommend sustainable cost-savings strategies and help you implement best-spending practices going forward. Our Team intricately detects every savings opportunity, extracting all anomalies, overcharges, and errors hidden in your overheads. We provide you with a report to immediately reduce expenses, while instantly creating financial stability in your business.

We will not only identify and employ best pricing, but implement the entire process. This provides energy and momentum to ensure that you achieve discovered savings.

The intent of what we are trying to achieve is kept confidential and we prefer not to introduce new suppliers unless essential in you achieving the best result.

The ManagemenTeam is given authority to implement with the suppliers. Where specialist assistance is required we bring in experts, at no additional cost to you.

The end product is complete assurance you are achieving maximum savings in order to operate at peak performance.

The Steps are as follows:

We prepare a complete Spending Analysis with our Cost Saving Recommendation Report to Increase Profit & Cash Flow

This is achieved by:
• Analysing the businesses Financial information
• Identification of Cost of Goods, Expense & Labour categories
• Review of suppliers and their terms
• Compilation of historical trends and future projections at current costs of supply
• Analysis of purchasing procedures
• Analysis of material & equipment contracts
• Survey of staff for immediate cost savings opportunities
• Ensuring our Recommendations don’t affect the core business operations
• Cost Saving Implementation Action Plan agreed
• A meeting is held for your approval as to the Recommendations to be implemented.
• KPI Reports are provided of the Performance and success measures of the Cost Saving Action Plan

The managemenTeam will monitor your savings every billing period, or contract renewal date and work with suppliers to assure that you continue to receive the best pricing. All savings are in accordance with your business’s authority.

To achieve maximum savings, continued attention must be given to costs and the measurement of actual savings. These must be considered against future changes in industry benchmark of costs to correctly adjust future spending and to maintain savings.

Equipment Cost Management

The managemenTeam in addition to our analysis of equipment costs, can provide a online comprehensive, centralized, internet-based inventory of all your equipment & their warranties and service & maintenance agreements. This will enable you to track, trend, and receive alerts to streamline the management of your entire equipment asset base.