Leading European CMS business, Lowell Group, saves through rapid programme of Procurement Cost Reduction

 

Client

 

Lowell Group are a leading European CMS business, specialising in debt recovery, data analytics and pioneering customer insight. With offices across Germany, Austria, Switzerland, Nordics and the UK, as a European Group, they serve every part of the credit management value chain.

Albeit with a procurement team in place, the client needed an external partner to drive EBITDA improvement more quickly. Procura were plugged in to work alongside the existing procurement function to add horsepower and deliver in-year savings.

 

Approach

 

The following steps were taken by Procura in order to identify and deliver savings:

  • Initial Spend Analysis & Opportunity Assessment
    • This identified a rapid programme of procurement cost reduction across:
      • Agency, Recruitment, FM, IT and Corporate spend
  • Strategic sourcing programme with 16 workstreams to deliver identified cost reduction

 

Results

 

A significant six figure saving was delivered in 6 months across a range of categories. Sourcing strategies included re-negotiations with suppliers, full tender processes and service delivery improvements. The project helped drive greater efficiencies throughout the business.

 

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