Case Study
19% Of Direct Savings For Major Australian Bank
ERA’s finds savings while streamlining the ordering and delivery process
ERA saves bank over 19% on print and office products.
The Expense Reduction Analysts (ERA) Challenge
The client is an Australian Bank with 1,000 plus employees. It has been involved in an expansion phase through franchising and Bank operated branches extending to all Australian states. The annual category spend at the point of involvement with ERA was $2.5 million plus annually on print and $400K annually on office products.
The challenge for the ERA analysts was to achieve cost savings, but at the same time discover and address any internal barriers to change. They had to formulate with the Bank what the best outcome would be, given the current environment of rapid expansion.
The Expense Reduction Analysts Solution
The scope of the results extends well beyond the cost savings desired by the client. These results include:
- 19.3% or $349K savings over the first 7 months, with increased savings predicted over the longer term
- Improved delivery solution that includes freight
- Online ordering system in the pipeline
- Ongoing monthly reviews of supplier delivery on contract, provided by ERA.
The Bank commented after review that they would never have been able to achieve the same result by themselves.
Project Information
- Category: Print and Office Products
- Industry: Banking
- Savings: 19%