Businesses Can Save Money by Improving Their Purchasing Process, According to Expense Reduction Coaching
SOUTHBURY, CT--(Marketwire - Feb 29, 2012) - Smart business owners routinely look for ways to add to their revenue streams, whether it be creating more visibility in the marketplace, adding new service features or increasing margins on products and services. "However, many don't realize that improving indirect cost structures can also add to the bottom line," says Brian Miller, president and COO of Expense Reduction® Coaching (ERC). "And these are long-term savings, not a one-time event."
As a cost cutting expert, ERC coaches focus on helping companies and organizations realize measurable cost savings in various indirect expense categories such as supplies, telecommunications, staffing, printing, maintenance contracts and professional services. Miller estimates that each $1 in cost savings has the same impact as $4 in new revenue.
"Many business owners want to find ways to cut costs but don't have the time, energy, man power or expertise to do it," says Miller. "By examining a company's expenditures, cost reduction coaches then re-negotiate with current suppliers or new suppliers for better prices and services. Fees are typically based what they actually save clients. It's a win-win for all."
ERC coaches provide practical, long-term solutions to reduce a company's costs for regularly purchased goods and services. The expense reduction opportunities come from both re-negotiating with current suppliers and/or building relationships with new suppliers.
"Business owners oftentimes wear many hats when running a business," said Miller. "They can positively affect their bottom-line if they focused their time on profit making efforts while leaving day-to-day operational support to staff and potentially other experts. One very effective way to affect the bottom line is to lower the costs of doing business."
Expense Reduction Coaching is a franchise within the FranchisEsource Brands International (FSBI) family of brands, a multi-brand franchisor principally engaged in growing solid concepts into major international franchise brands. ERC's cost reduction program has been in use since 1993 and has been directly responsible for generating significant savings for corporate clients in many industries.
To learn more about Expense Reduction Coaching visit www.ercsaves.com.
About Expense Reduction Coaching®
Expense Reduction Coaching (ERC) has been established since 1993 and is directly responsible for generating significant operational savings for corporate clients in many industries. ERC targets "indirect and consumable" expense categories and identifies the most common profit leaks. ERC's goal is to negotiate and generate long term savings while using their client's existing and alternative sources. ERC is ranked on the prestigious Entrepreneur Magazine's 2012 Annual Franchise 500 list. ERC is a business Coaching brand of FranchisESource Brands International (FSBI). To learn more about Expense Reduction Coaching visit www.ercsaves.com.
Cynthia L. Schick