We then worked closely with the in-house procurement team on categories including: Facilities Management, Signage & Awnings, Restaurant Printers, Catering Consumables, Furniture, Kitchen Equipment, Telecoms, Insurance, Marketing and Stationery. With the clear objectives of reducing costs while being mindful of ongoing strategic relationships with suppliers.
A strategy was created by working with the stakeholders to review the current service levels, new requirements, costs and activities. Our next step was to work through a series of hypotheses and options with the team to find the best fit and costs, supported by commercial inputs from tenders. Business cases were detailed and final selections made.
Savings of £1.4 million savings or 15% of spend addressed
The results have been both substantial and rapid.