Why your business should use a cost consultancy


When talking to businesses about Red Herring, some say that it’s company policy not to use cost reduction consultants. I believe that they are missing out.

It is understandable why this may have happened. Often, companies have been stung by large agencies that have no real expertise in a category. The result is that money is saved with little or no regard for quality, process or relationships – or all three.

There is a perception that consultancies over promise and are more hassle to deal with, putting an extra step in the process. However, this is not the case if you choose the right consultancy. 

You could benefit by choosing a niche company who, working closely with your in-house team, will deliver enhanced savings. Here are six reasons you'll benefit from outsourcing:   

1 Unrivalled industry expertise

Select an agency with market and industry expertise. I have over 33 years experience in the office supplies industry and can offer unrivalled insight into the best options for your business. Large consultancies or in-house teams who are juggling many categories don’t have time to build up the same level of knowledge.

2 Totally objective advice

Red Herring is an independent consultancy and takes no fees or commission from suppliers. You can rely on 100% objective advice; we have no ties and make recommendations based solely on what’s best for your business.  

3 Make greater savings

You will likely save money by handling a project in-house, or by using a more general cost reduction company. However, experience has shown that using a specialist company will make you greater savings than if you undertake the project on your own. We focus on achieving sustainable savings so using an alternative could cost you more in the long run.

4 Save time and resources

Office supplies purchasing can be a time consuming and confusing process, with many product categories, cost variants and SKUs. Utilising a company with industry knowledge and who understands product usage and pricing options will save you time and headaches! Experience also brings knowledge of ‘right fit’ suppliers, a key factor in achieving a successful long term contract. 

5 Ensure compliance and sustainability

Once a contract is agreed it is often forgotten as other projects take priority. A consultancy can add value by overseeing your Account Reviews and Management Information to manage your contract effectively. This will ensure compliance and reduce the risk of overspend during the contract term. 

6 Support a Business for Good

One of our core values at Red Herring is being a 'business for good'. We are proud to donate 10% of our fees to the Multiple Sclerosis Society, a cause close to our heart after a recent diagnosis. This, in turn, can support your company CSR policy.

We work with a range of corporate, legal and non-profit organisations to reduce their office supplies expenditure. Read client testimonials from The Wilkes Partnership and Rathbones.

Talk to us if you would like to reduce your costs across a range of office supplies categories.

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Proud to support the Multiple Sclerosis Society

One of our core values at Red Herring is being a business for good. This means that we raise money by donating 10% of all fees earned to the Multiple Sclerosis Society. After a recent diagnosis, this cause is close to our hearts and we are proud to support the UK’s leading MS charity that provides practical help today and the hope of a cure tomorrow for everyone living with multiple sclerosis (MS) nationwide.

Over 100,000 people in the UK have multiple sclerosis (MS). It’s unpredictable, and different for everyone. It’s often painful and exhausting, and can cause problems with how people walk, move, see, think and feel. It can make it hard for people to work, and do the things they enjoy. But it doesn’t have to be this way.

The MS Society is a community of people living with MS, scientists, campaigners, volunteers and fundraisers. We understand what life’s like with MS, and we support each other through the highs, lows and everything in between. And we’re driving research into more – and better – treatments. For everyone.

Together, we are strong enough to stop MS.

To find out more about MS please visit: www.mssociety.org.uk