It’s Hard to Fix the Plane When it’s in the Air!

Executives and their teams are sometimes too deeply engaged in the day to day operation of the business to take on initiatives that drive meaningful and impactful change. With the focus on increasing EBITDA, revenue growth, exploring new markets, human capital management, regulatory issues, acquisition opportunities, maximizing productive capacity, and the list goes on, many improvement initiatives are perpetually stuck on hold.

A significant opportunity to increase EBITDA is through an expense reduction initiative. CFO's are increasingly taking on a more strategic role and purchasing teams are focused on supplier development, meeting production requirements, resolution of issues such as late delivery/defective product and other challenges.

How much time is available to ensure that the organization is realizing industry-best pricing for expenses such as logistics, telecom, packaging, waste management, MRO, other supplies and insurance? These are just a few examples.

Expense Reduction Analysts has found in conducting over 22,000 successful project engagements that organizations are overpaying by 10-40% in these areas. Unfortunately, organizations don’t have the benchmark data, relative expertise and resources to determine where and by how much they are overpaying. Other desired outcomes of ERA engagements include supplier rationalization, increased internal communication, transparency of pricing structures and enhanced visibility into these spend areas.

Now is the right time to consider an expense reduction initiative that will begin making an impact on your EBITDA and business by Q2 2019! Contact me to ask how.