Cost reduction in the current climate
With recession biting into the most solid of companies, management will not have experienced a downturn as severe as this one during their working lives and many are looking for ways to see their company through these difficult times and realise that strategic, financial and operational priorities need to be reassessed, and acknowledge the severity of the situation by recognising the need to act aggressively to address the problem.

1. Keep it simple – Focus on a few, simple guiding principles.
2. Speed it up – Be more responsive to clients. This is why simplicity is important: complex business models are slow to adapt.
3. Stay loyal to fundamentals – this is not the time to change your strategy.
4. There is no substitute for courage – Intelligence and mathematical models with take managers only so far.
5. Cut from high to low – when it comes to labour and overhead expenses.
6. Keep communicating, both internally and externally. Address rumours immediately.
7. Make no idle or empty promises.
8. Split the company into small, self-contained units. – If one unit has to go, the system still survives. Economies of scale can come later
9. Put your best people onto the biggest opportunities, not the worst problems.

Our fees
You pay us from the savings made, if there are no savings, then there is no fee, but this is explained in great detail at our initial meeting and we ensure that you are aware of the full content of our Client Agreement before committing to the service. In a way, your Supplier is paying the fee from the reduced prices we negotiate.
We do not just focus on reducing prices for a short period of time by asking you to switch to another supplier that offers lowest prices. We analyse your expenditure profile, obtain rebates against historical billing errors and advise on the management of long term business expenditure in areas you allow us to tackle. We investigate the direct and indirect cost, value and suitability of the products and services you wish to procure to run your business. Insofar as profit is concerned, we would ask the question, To make £1000 profit, what would you have to sell to add this amount to your bottom line?? If the savings can be made from the products and services you currently purchase, at no extra cost, then it makes economic sense to invest in the Contract Watch Cost Reduction service.
Our clients want to save time and money, and we are so confident that we can make savings that we do not charge upfront fees. We work on a no savings, no fee basis, our clients pay us from the savings achieved. This means, the service is completely self-funding and that our clients benefit from additional expertise, without incurring any of the costs associated with in-house resource.