Cost Reduction Programmes

Vendigital’s Cost Reduction Programmes achieve an average 26% savings for our customers. A programme comprises three distinct elements incorporating the analysis, the cost reduction activity itself and equipping your business with advanced purchasing techniques during a fast and vigorous process.

Within a programme, our team of seasoned professionals utilise many of the techniques developed by Vendigital including savings optimisation analysis, global supplier headhunting, online tendering, e-auctions, value auctions and the project management of results implementation.

Analysis
Each programme is tailored to your specific requirements, so therefore starts with a period of analysis. During this analysis phase, we will utilise our savings optimisation technique to identify projects that will yield the greatest returns. This technique also aids in the creation of an optimised implementation plan and estimates the expected savings over the duration of the programme.

Cost Reduction
The plan developed during the analysis will require multiple tenders to be conducted. To ensure the best outcomes, we will utilise best practice tools and techniques including global supplier headhunting, an eRFx platform, online auctions, value auctions, and if required, the project management of results implementation. During such tenders, valuable market information is incorporated into the contract and even product designs.

Purchasing Processes
It is essential to protect the gains created through the cost reduction programme. To do this, Vendigital can provide you with the tools and techniques that it uses. If this is a requirement, during the cost reduction element of the programme, we will train selected people within your company in their use. This ensures your own purchasing capabilities are up rated to ensure the gains made are secured and built upon.

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