We can identify, deliver and manage savings across a broad range of spend categories, and offer a range of interrelated, but discrete services. These can sit together or be undertaken in isolation.
From Spend Analytics to identify savings to the Certain Six, our guaranteed quick wins, we’ll put together a package to deliver savings.
Savings we can guarantee
Some savings are easier than others – if you know where to look. With 25 years experience, we have identified six areas where we know we can save you money. We’ll start with a risk-free audit of your current spend and then put together a no-win, no-fee savings project to deliver savings.
Our Certain Six are: Energy, Telecoms, Foreign Exchange, Spend Recovery, Prompt Payment and Contract Review.
Shining a spotlight on your cost to discover opportunities
We’ll gather the relevant data sources and carry out spend categorisation to quantify how much is being spent, on what and with whom. We’ll develop a set of category dashboards then apply our procurement and category expertise to identify opportunities through, for example, supplier rationalisation, demand reduction, product standardisation or process improvements. Every opportunity is compiled in a savings waveplan with a cost/benefit analysis of each initiative for consideration.
A full service to deliver savings on specific projects
Our team has sourced contracts worth well over £1bn – and delivered more than £150m in tangible savings. We’ll bring this experience and expertise to bear on any cost-reduction project.
We can manage end-to-end procurements on your behalf. We’ll work direct with your stakeholders to define the requirement, then engage with the market to deliver the best possible outcomes – be it by negotiation, competitive quotations or even a fully managed tender.
Active management of spend and performance
Effective contract management is critical. Without it, 50% or more of the forecast savings can dissipate. Which is why we set up every contract with Ts and Cs that predict change and allow active management of both performance and savings.
We’ll make sure you’re in control of every aspect of your contracts, and work to increase savings and performance over time.
To find out how we can help identify, deliver and manage procurement savings, call James Drury, Associate Director, on 01865 340800.
Lifecycle Management Group Ltd
Tel: 01865 340 800
Fax: 01865 340 829
We offer a free opportunity assessment for NHS Trusts. We’ll work with you to quickly identify any opportunities and outline how we can exploit them. Just let us have your contact details and we’ll be in touch as soon as possible to arrange a brief introductory meeting.
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