Retearn were engaged by UKICS by the CFO to review their 3rd party spend across all group companies and over 20 brands. After conducting an Opportunity Assessment Review and addressing £4.5m of in scope spend; Retearn delivered £1m savings in IT & Telecoms, Facilities Management, Marketing and HR. Retearn also conducted a review of their internal processes delivering an additional £250k of efficiencies in their candidate acquisition processes
Retearn conducted a full assessment of UKICS spend from across their internal brands such as: Pulse Healthcare, Maxxima, Thornbury Nursing, Liquid Personnel, Hobson Prior, Pro-Clinical, Bank Partners, Espirita and ICS Health & Wellbeing.
Retearn delivered £1m of annualised savings across 30 projects across £4.5m of spend. Resulting in an average project savings of 38% equating to a 4:1 return on investment.
Project delivery – Retearn led and project managed all internal stakeholders, provided expenditure analysis and evaluation, specification development, sourcing, tender management across a key project at the very core of the business. Delivering this successful project identified a range of new suppliers that are commercially competitive and improved buying practises that legacy suppliers were imposing.
Consolidation of spend – with the group of companies coming together this brought the opportunity to consolidate suppliers and spend. Retearn analysed the IT expenditure and successfully implemented group contracts for mobile and fixed telecoms, network infrastructure and corporate IT licences.
“Retearn have been an invaluable resource for us over past 18 months during our Group procurement review. They settled into the business as if they were a permanent member of staff ensuring that the flow of information between divisions and Retearn was seamless. Their breadth of supply knowledge meant that we were able to carryout reviews across the Group including IT Software, Telco, FM, Print Management and many more with a limited in-house resource. We would not have been able to make the considerable savings achieved in the same time without our Partnership with Retearn.”Tom RichardsGroup CFO