Strategic Cost Management
Pioneers of Strategic Cost Management
Auditel are pioneers of a brand of strategic cost management that is designed to boost efficiency, reduce waste and deliver sustainable profit improvement.
Initially set up in 1994 to help organisations navigate the maze of tariffs and service offerings that had sprung up after the utilities’ markets were deregulated, our Consultants now provide strategic cost management services to over 3,000 large and medium-sized organisations across the UK and Ireland in more than 100 areas of business expenditure.
What makes us successful?
We have made it our business to take on the best people, develop the best tools, compile the best knowledge base and deliver a game-changing cost management process: Total Cost of Purchase®.
Strategic cost management vs cost reduction
Simple cost reduction exercises that focus on finding the cheapest prices are only effective in the short term. They tend to be one-off projects that use a mechanical price-driven approach that squeezes suppliers and is often adversarial. Statistics suggest that almost all in-house cost reduction exercises end in failure, with costs creeping back in very quickly.
On the other hand, strategic cost management, as the name implies, is designed to be congruent with an organisation’s strategy. It is holistic and delivers sustainable solutions that are the best possible match for a client’s business needs now and into the future. Many organisations (60% in a recent survey) now recognise that, carried out by experts, it can accelerate performance, improve efficiency and gain competitive advantage.
The benefits of strategic cost management over cost reduction
- Strategic, long-term and sustainable
- Dynamic, informed decision-making
- Nurtures client and supplier relationships
- Consultative and advisory
Better prepared, better equipped, better supported
Working on a flexible fee structure and with the vast knowledge base of the network at their disposal, you will be exceptionally well-equipped to audit the full range of a company’s expenditure – however large or small.
A win-win approach
Ongoing training and support will ensure that you keep in step with the latest technological advances and can continue to provide the best possible advice and recommendations.
Auditel’s in-depth and detailed analysis can reveal billing errors, improvement to service level agreements and very significant savings both retrospectively and future initial audits.
Good news for the client and good news for you, the Auditel consultant.
How does the Auditel business model work?
The success of Auditel’s business model is based on the synergy of a number of potent elements: a network of specially trained, highly skilled cost management consultants and the Auditel Business Management System (ABMS) – a vast database packed with specialist industry knowledge and experience.
Added to this is our TCOP® process, which manages a client’s cost every month. This powerful combination equips us perfectly to tackle specific cost management and purchase management issues holistically and, being independent, allows us to analyse overheads, find suitable suppliers, assess tenders and implement changes that reflect the best possible solutions for each individual client.
When outsourcing strategic cost management to Auditel our clients have the peace of mind that at all times they are provided a attractive, financially risk-free service saving them money and their valuable time. With loyal customers spanning over 20 years the proof of the success is based on the loyal customer relationships that we build.