Whilst our buying power is impressive, it is the extensive in-house knowledge and expertise at Expense Reduction Analysts that delivers truly significant cost reductions for our clients. Many of our cost analysis experts contribute blog postings to this section. Here you can read articles focused on current and ongoing topics in expense management, get cost saving ideas and other advice on cost reduction and supplier management. Contact us directly for further information or discussion on any of the topics covered.
Since shipping conferences were banned by the European Union in 2008, container rate volatility has increased and more resources are spent to negotiate the rates. Some market players are trying to change the trend. What are the alternatives?
From the 1stof...
Getting goods from point A to point B should be simple. It is, IF you only have one shipment and send it by itself; however, that will rarely be cost competitive. To be cost competitive requires using transport forms which consolidate shipments and thus reduce the unit price. On top of this, the...
Cost Category Logistics: A key aspect of reducing costs in the long term is choosing the right service provider – service provider and client should be compatible in terms of corporate structure and culture
The logistics industry is an essential...
If you are like most company leaders then you have established one or more Key Performance Indicators (KPI’s) for cost control and/or cost savings in 2012. How have you ensured that the measurements drive the right behaviour to support the strategic objectives such as...
Do you know your company’s combined freight costs? Do you use the right modes of transport? Do you get the best terms? If you can answer ‘yes’ to these questions you belong to a small minority.
Expenses for freight have many elements. Freight makes up a relatively large...
Preliminary results of a European-wide survey on cost-saving programs in the field of overhead spending.
European companies control their costs and expenditures in clearly defined periods. This is the result of a study undertaken by EBS Business School in Germany and Expense Reduction...
In reviewing a few of my colleagues postings from around the world the following quote from an associate in the UK reminded me very quickly of the core value in developing a cost conscious culture.
"A pound of new sales generates a few pence of profit. A pound saved goes straight to...
Here are 5 tips to help you think about reducing overhead expenses;
1. Get better data: There is a huge amount of data available inside a company to help make better buying decisions. Yet this data is often fragmented and hard to turn into useful information as it may be...
The latest edition of the Purchasing Manager’s Index once again shows further price increases, especially in terms of raw materials. Despite or indeed because of the natural and nuclear disaster, prices have risen.
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