January 21, 2013
At this time, with
Resolutions being made, it's rare for the business itself to be considered.
- would like to make its own contribution. According to the latest IoD survey, "business directors start the year with a far more optimistic outlook on the coming year than 12 months ago." As confidence returns, however, it's important to avoid unnecessary expense. Minimise waste for maximum profits and ensure that overheads are properly managed.
Leading business magazine Forbes recently conceded: "A dollar gained in revenue is a very good thing …but remember, only a small portion reaches earnings. A dollar saved from cost, however, goes directly to the bottom line. So while focusing on the top-line, don't forget to engage in a systematic approach to governing costs as a way to ensure long-term value creation."
Auditel, the UK and
leading independent cost and purchase management consultancy, has developed a holistic approach, the Total Cost of Purchase ®, covering over 100 areas of business expenditures. Since 1994, they have saved millions of pounds for more than 3,500 clients nationwide and improved their profitability. Their client base ranges from small businesses to global brands such as
, Managing Director of Auditel, explains: "Effective cost and purchase management is intelligent and ethical and leads to sustainable growth. It should not be confused with short-term cost cutting exercises that treat problems in isolation and put clients, staff and society at risk."
The Mears Group
is a unique organisation, employing more than 10,000 people maintaining and improving homes as well as caring for the people living in them. As a leading social housing repairs and maintenance provider, Mears delivers rapid response and planned maintenance services to Local Authorities and Registered Social Landlords. Auditel has achieved savings to date of £94,000 in their electricity, telecoms, water and gas costs.
Mears' Group Fleet and Quality Manager commented: "Auditel proactively look after this side of our expenditure. This means that we don't have to take time out of our busy day and we have peace of mind that it's being looked after. The savings of nearly £100,000 will go straight to the bottom line."