How we help
Cost optimisation
In an increasingly competitive and uncertain world, developing a sustainable approach to optimising costs is vital for any successful business. At Efficio, we take a 360-degree view of your procurement function and supplier base, while working alongside you to deliver optimum value – both today and tomorrow.
As your specialist partner, we’re here to help. We’ll guide you in implementing cost reduction strategies that will continue to deliver improved commercial outcomes over the long term – whether that’s reducing costs, increasing profitability, deepening supplier partnerships, or building a platform for growth.
Today’s key challenges
Reducing business costs
Short-term solutions focussing on price are no longer enough. Whether it’s increasing profitability, reducing waste, or remaining competitive in the market, businesses must look for ways to reduce total cost over the long term.
In-year savings
Unforeseen circumstances often leave businesses over-budget halfway through the year. This means a practical, fast-track approach is needed to achieve in-year reductions.
Managing working capital
Maintaining the balance between growth, profitability, and liquidity is difficult. It’s even more challenging to rebalance these levers while maintaining service levels.
Mitigating inflation
Disruptive global events have left some businesses vulnerable to supplier price increases. The key is knowing how to minimise these increases.
How we can help
Improving outcomes and reducing costs is one of our core competencies. Doing this transparently and rapidly is another.
To achieve optimal outcomes, we’ll seamlessly integrate with your teams and quickly identify cost-saving opportunities. Because our team consists of over 750 consultants around the globe, we also bring a deep understanding of the supplier landscape where you are.
Alongside our experienced teams, our digital procurement platform with its AI-driven spend analytics means we have data and best practice know-how at our fingertips. By drawing on this, we enhance your decision making and ensure costs are optimised over the long term.
Over the past two and a half years we’ve run a cost optimisation programme targeting 7% of addressable spend over three years. We achieved double that savings in less than 18 months, so it has been a real success story. So much so that we are moving into the second phase of our relationship with Efficio in a hybrid-managed service.