Find out about our 3-step cost reduction process, available to your business on a \'no savings - no fee\' basis.

1. Three Stages Successful Cost Management

2. Steps for cost reduction planning

3. Includes Develop an overall cost-management strategy Develop cost-reduction goals for each category Identify the project team (internal & external) Detail profiling of current purchasing pattern and processes including a service/quality level audit Supplier/Vendor identification & interviews Fully managed Tender/RFP process Summary of saving opportunity and recommendations

4. Cost Reduction Management

5. Includes Implementation of Cost Reduction Plan Monthly monitoring of supplier performance by price Monthly monitoring of supplier performance by service Monthly monitoring of market conditions & protection against unjustified price adjustments Invoice accuracy & billing error correction Monitoring & correction of internal buying habits/processes (including staff training if needed)

6. Includes Quarterly category reviews with supply audit report presentation Audited procurement processes documented in supply reports to demonstrate best practice Audited actual savings quarterly Ongoing purchasing advice & guidance to staff

7. Ongoing Monitoring and Procurement management

8. Includes Develop an overall cost-management strategy Develop cost-reduction goals for each category Set expectations for each person who will participate in the cost-management process Set a timeline for results Regularly monitor supplier performance against agreed targets and the market Regularly monitor staff purchasing habits Audit savings on an ongoing basis

9. Expense Reduction Analysts 700+ Consultants in 30 countries negotiate terms and pricing with hundreds of suppliers every year. Our world-class category experts specialise in dozens of common overhead cost categories. We’ve completed more than 14,000 cost- reduction projects in the last 15 years – average savings across categories is 20%. www.expense-reduction.co.uk

10. Three Stages to Successful Cost Management

11. 11 For more information contact: Frank M. Weber Phone: 0845 458 8506 Mobile: 07770 44 22 00 Email: f.weber@erauk.net