Home News Events Contact us North America About Sectors Services eFlow Resources Careers Procurement Cost Reduction Reducing procurement costs is a key objective for many organizations at some point in their business lifecycle – whether to increase profitability, reduce waste, fund expansion or remain competitive during difficult market conditions. However, it is often not simply a case of reducing costs for maximum impact in the short term; but rather implementing cost-saving solutions which will endure in the long term. We help businesses reduce costs, improve internal processes and upskill their procurement teams so that they can realize these cost savings faster, autonomously. Our cost reduction consultants ensure savings are measurable and sustainable – delivering greater value for your business over the longer term. Insight Our procurement cost reduction specialists are able to rapidly identify cost-saving opportunities using our bespoke proprietary procurement platform, eFlow, a unique and innovative tool combining people, knowledge and technology. Innovation We typically start with a four to eight-week opportunity assessment. These assessments are deployed quickly, with minimal disruption to your business, ensuring a swift and practical approach to identify savings opportunities. Based on our findings, you can decide whether to explore a broader collaboration opportunity or a more focused approach towards meeting your savings targets, for example category-specific support or spend analytics. Through utilising our eFlow platform, we can help you reduce costs by transforming your procurement capabilities, providing access to the expertise of over four hundred consultants. We can benchmark your procurement function across a range of dimensions to assess effectiveness and identify areas for further development. As a result, our cost reduction consultants deliver savings that are both substantial and sustainable. Significant Experience We have supported clients across a multitude of sectors to reduce costs through implementing more effective procurement functions. Efficio experts used a highly collaborative approach when they were engaged to support a major cost reduction project for a global bank and as a result, helped deliver a $1 billion reduction in external spending. Efficio’s work has laid the foundation for ongoing improvements, creating an effective system to ensure savings were tracked and delivered and targets were met. For the first time, the bank was left with a single source of data, with full visibility of its procurement pipeline and the status of its key projects. The bank was provided with a legacy of procurement skills, techniques, and systems– and the cost-reducing capability remained long after the project was completed. Contact us to find out how Efficio can help you Contact Us Now Case Study Moving up the learning curve: Transforming procurement with a leading educational publisher In preparation for the merger, Efficio were engaged to both deliver cost reductions and create a cost-conscious culture throughout the organization. Guide Cost Reduction Guide Part 2: Driving excellence through Procurement Transformation A Procurement Transformation program can become a significant low-pain and high-gain contributor to answering internal and external challenges. This guide will help… Checklist Cost Reduction Checklist Part 2: Procurement Transformation Accurately assess the current maturity of your procurement operating model with this checklist. Case Study Centralize to capitalize: Transforming procurement at Comdata Find out how Comdata and Efficio worked together to exceed business objectives - delivering double the savings target, establishing a dedicated Group procurement te… Blog Senior leaders, your CPO needs help Translate opportunity into tangible benefits by optimizing three key areas of your cost reduction program. Guide Cost Reduction Guide Part 1: Why Opportunity Assessments Matter This guide is designed to help you get the most out of an Opportunity Assessment – whether it is self-delivered, with a third party, a one off, or part of ongoing o… LinkedIn Twitter Facebook Email Print About us Who we are Why Efficio? 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