Ebit is working with a well known high street retailer, reviewing contracts and identifying savings opportunities across their indirect procurement categories.
With regard to their freight operations, the client was already in contract and wanted to utilised Ebit’s market expertise and baseline cost data to renegotiate their existing rates.
The process typically begins by reviewing freight volumes and frequency as well as recording container usage and routes used. We then seek to match the requirements and service expectations to the appropriate provider(s). We are then able to audit costs and compare these to market rates.
We are able to leverage our up-to-date market knowledge to ensure that fair pricing is achieved and guaranteed contractually for the duration of any engagement. Our expertise can also be leveraged to ensure that contractual terms are agreed that achieve mutual benefit and, where required, risk is spread across multiple contracts and providers.
- Annual saving of £700,000
- Retained existing supplier with improved rates and future fair pricing mechanisms agreed
- Entire renegotiation process completed within 7 days of Ebit category review starting
- Further additional savings identified with container optimization and routing opportunities to be explored as the project continues
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