October 31, 2007 // Franchising.com // - Expense Reduction Analysts Canada, (ERA Canada), the country's leading cost reduction firm, announced today that it has a new presence in British Columbia. Mr. Stephen Drinkwater has joined ERA Canada as a principal consultant; he will use the ERA process to boost bottom line profits for companies in Vancouver and across the province.
Between 1999 and 2005, ERA Canada reduced indirect costs and overhead expenses for a variety of companies in BC, including Miramar Mining Corporation, Mustang Survival and Rocky Mountaineer Railtours. Mustang Survival's director of materials management said of his experience with ERA Canada, "The reviews were handled in a professional and consultative manner, with minimal staff time required. The result was savings ranging from 23% to 27%. ERA also identified opportunities to streamline operational processes and reduce administrative time."
Stephen Drinkwater is well qualified to produce similar results today. During a successful career in the resource sector, working on five continents, the Vancouver native has led procurement processes as both a service provider and as an end user. And he has consistently managed costs to mitigate their negative effect on budgets.
He said, "I'm keen to bring my experience to bear at home, to re-establish intelligent cost reduction services in BC and to help Canadian business achieve best value for the goods and services it buys.
"All companies want to maximize their bottom line profits. To do this, I believe they must consider professional advice on cost reduction—just as they take advice from professionals on accountancy, insurance and legal matters."
Mr Drinkwater works with independent industry experts in dozens of cost categories. Courier, energy, freight, insurance, office equipment, packaging, printing, property management, telecommunications, uniforms, and waste management are just a few. And he says that ERA Canada typically completes comprehensive engagements in 120 days or less.
ERA Canada plans to expand its BC operation in the coming year by appointing cost reduction consultants in several territories.
About ERA Canada
ERA Canada is a member of Expense Reduction Analysts International, the world's leading cost management specialists. It is a group of executive-level consultants, which draws on its collective experience, industry expertise and national and global ERA networks to create and deliver cost reduction solutions and savings to its clients.
If they are to obtain best value consistently from the full range of indirect costs and overhead expenses, corporations need experts with specific, up-to-date market intelligence. But it would be prohibitively expensive to maintain that expertise in-house. Clients can call on ERA Canada when they need to: the company is, effectively, an auxiliary department of world-class resources, without employment costs.
ERA Canada has proved that it can improve profitability and create competitive advantage for just about any business. It typically achieves sustainable savings of between 10% and 30% – or the equivalent of 1% of a client's annual revenue.
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