Expense Reduction Consulting has achieved success by utilizing a unique, proprietary process usually reserved for strategic or direct spend categories with significantly larger expenditures. In addition, we use a proprietary Knowledgebase that is regularly populated with project information and benchmarks from around the country.
We are able to provide practical, long-term cost saving solutions to reduce your company’s outlays for regularly purchased goods and services by:
- Establishing lower prices and/or increased discounts through standardization, consolidation and re-negotiation
- Working with current suppliers in many cases
- Seeking efficiencies and improvements in your purchasing process
- Applying the best, time-proven purchasing methods and practices through ERC’s 7-step "Road Map to Cost Savings"
- Working with you and your suppliers to ensure savings are optimized
- Continuing to support you so you are always satisfied with the results
- Freeing up your firm’s purchasing professionals, thus enabling them to focus on strategic or direct spend categories.
Because ERC is continually negotiating the same basic categories with multiple clients and suppliers on local, regional and national levels, our consultants have a superior, up-to date market “edge” compared to those who negotiate on an annual or irregular basis.
We are, therefore, better able to determine what the market will bear.
It is also advantageous to have an independent, objective third party such as your ERC consultant, to effectively motivate long-standing supplier-customer relationships.
The expense reduction process includes:
- Determining which expense categories might benefit from a purchasing review
- Developing an understanding of current and future needs and parameters relating to suppliers and products/services needed
- Beginning ERC’s 7 step Road Map to Cost Savings process
- Presenting recommendations
- Implementing recommendations
- Realizing cost savings
- Monthly and quarterly reviews
- Realizing cost savings
- Quarterly documentation of savings and invoicing
- On-going client support
Client involvement in our process is minimal and most work is done offsite.
While the expense categories that your ERC consultant reviews largely depend on your specific type of business, typical areas of analysis include:
| • Telecommunication services • Local service • Long distance • Internet and data • Network design • Cellular • Consolidation of equipment maintenance contracts • Insurance (liability, property, casualty, health) • Employee leasing/professional employee organizations • Payroll services • Merchant processing • Check automation • Overnight shipping/courier service • Freight bill auditing • Lighting retrofits/energy conservation • Energy deregulation • Utility bill auditing |
• Waste/garbage removal • Property tax assessment appeals (real and personal) • Tenant lease analysis • Cost segregation studies • Short run mfg/prototype development • Printing and forms • Office supplies and equipment • Document output cost containment • Computer maintenance/software licensing • Maintenance and cleaning supplies • Ad specialty and incentive items • Corrugated boxes • Document storage • Accounts payable auditing • Travel • Media buying • Uniforms • Client specific categories |