Neil Grime - Cost Reduction Review

• Northern
• Turnaround and Restructuring
• Operations

When you are running a growing SME business, demands on your time are high and you often find yourself having to wear many hats. So, the likelihood is you are aware that managing business costs is important, but other tasks and issues take over.

Neil Grime is a member of the Chartered Institute of Purchasing & Supply with over 40 years procurement experience. He has now been a Consultant for more than 20 years, during which he has been able to save businesses substantial amounts on their externally recurring products and services. Typically, over the last 20 years the average cost reduction has been 24%, with one business saving as much as 65% on one specific cost area. It’s also important to note that 50% of all delivered solutions have been achieved with no change at all in supplier.

Here is how Neil can help your business with procurement:

– Conduct a Tactical Cost Reduction Review
– The review is offered on a “contingent basis” meaning that if your business does not achieve a cost saving, Neil will not charge a fee
– Saves you and your team valuable time by carrying out detailed research and negotiating with suppliers on your behalf

What Does the Cost Reduction Review Entail?

– A full review of your purchase ledger to allow collection of data and current suppliers for each product and service, allowing Neil to build an itemised picture of your costs. He agrees the areas to be reviewed with you
– A signed Letter of Authority to allow suppliers to provide information to, and speak to Neil
– Involving your team, as they are often the people dealing with suppliers on a day-to-day basis. Relationships and service are important and are taken into consideration as part of the review
– Benchmarking of costs (to include current supplier)
– No change for change’s sake

Neil takes an established and proven approach and is methodical and analytical in the way that he works. You can be confident that if there are cost savings to be achieved, Neil will find them.

Neil recommends that a business should review their costs every 2 to 3 years. Why not contact him and discover the lost profit you could then invest back in to your business to generate further growth? If you don’t see a fully quantified reduction after working with Neil, there is no charge and so you have nothing to lose.

And to see what Neil’s clients say about the great work he has done for them, click on the link here: LinkedIn Recommendations

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