There are many ways organisations can reduce costs. BvW's focus is on the reduction of overall costs that contribute to an increase in profit margin.

Costs must be understood, measured and actioned in a logical approach. Failing to do so will add value to a single department only and not address the total cost and product life cycle that extends from new product development to wastage.

Cost can be measured and decreased with various tools such as Procurement and Supply Management, Tier 3 Strategic Sourcing, Price and Cost Analysis, Supply Chain Management, Inventory Optimisation and Target Costing. These tools, when used in a harmonious manner contribute to an organisational cost elimination.

Cost drivers must be understood and linked back to all Company cost reduction initiatives in order to avoid 'passing-on' cost from one department to the next, hiding the true picture, and failing to dramatically change organisations way-of-work.

How we helped others

We have helped clients reduce their costs across a wide range of industries. Sample projects include:

• Developed the Procurement Contracts Infrastructure for a $10 billion pharmaceutical care company.
• Managed a Procurement Card Pilot Programme for a $6.3 billion physician services company with savings of $1.8 million (Pilot Programme) and $35 million (Roll Out).
• Creation of a Strategic Sourcing Model for a $7 billion Fortune 500 paper / distribution company and $80 million savings.
• Supply Chain Model for a $5 billion automotive company with $2.8 billion in purchasing volume. Identification of $112 million savings including 23% price variance from its supplier base.

Please follow this link to read how some of our clients have benefited from our services or to learn more about BvW Global click here.