Expense Reduction Analysts is a global network of specialist procurement advisors. The business consultancy started trading in the UK and Ireland in 1992 and its team offers expertise in purchasing to help organisations reduce their spending and increase their profits.
The Expense Reduction Analysts team includes a network of 135 procurement specialists based around the UK and Ireland with expertise in more than 35 major cost groups. They have experience from their careers at a senior level in their areas of expertise which is used to advise medium to large enterprises on getting the most from their suppliers to boost performance.
The services that Expense Reduction Analysts can provide include improving internal processes, managing supplier relationships, benchmarking prices, conducting tendering exercises and identifying and integrating new suppliers. The approach that the consultancy takes is to build long term relationships with its clients and conduct regular invoice audits to maximise the savings they can identify and keep prices in check for the long term.
The process begins with one of the team of specialists talking to the client and understanding their business and their priorities – which could be reducing cost, consolidating suppliers or reducing supply chain time. Then the spend is reviewed and analysed to give the client information from which they can make an informed decision about their suppliers.