The Challenges Faced

by the Balfour Beatty recruitment team

  • Complex corporate structure with an inconsistent hiring process
  • Strong legacy relationships hindering supplier development
  • Large list of suppliers with variable fees, terms, and service quality
  • High administrative burden with multiple supplier invoices and limited reported capability
  • Lack of visibility with the incumbent supply chain
  • No realtime compliance processes

The Advantage Solutions

  • We introduced a mandatory, company-wide VMS
  • We also standardised the engagement and authorisation process whilst providing comprehensive MI
  • We rationalised the PSL creating a structured tier system, and also renegotiated fees and implemented new SLAs, reducing margins and rebates
  • Purchased order systems introduced to ensure all payments are allocated to the correct department and budget
  • Pre-invoice reports provided to reduce the volume of invoice queries/errors and the amount of time taken to resolve them
  • We introduced PSL best practice standards and supplier audits

The Results

  • More efficient recruiting behaviours and the virtual eradication of rogue hiring
  • Number of suppliers reduced by 40%
  • Estimated savings of £2.5m in one year
  • Regained control of spend
  • Greater transparency of costs and improved cost recovery
  • A 92% fully-compliant supplier based with documented remedial actions and re-audits for points of failure

Due to our new MSP solution, our expertise in the sector, and our dedicated resource, we saved Balfour Beatty £7.3m in just two years.

Interested in how you could achieve the same results?

Reach out to our team today for a no-obligation chat about our services.