Embracing Sustainable Procurement for Business Owners - DMT Solutions

Embracing Sustainable Procurement for Business

by BusinessCost Reduction

Sustainable procurement is more than just a buzzword. It’s a guiding principle for reshaping industries, policies, and how we all do business.

For too long, the challenges posed by climate change, habitat loss, and the depletion of non-renewable resources were ignored by corporations and governments. 

However, the tide is turning, and as business owners and directors, it’s crucial to understand why sustainable procurement matters now more than ever.

Embracing Sustainability

At DMT Solutions, we firmly believe that businesses and corporations should be a force for good, driving positive change in the world. That’s why we are championing sustainable procurement and offering our clients the tools, insights and savings they need to align their operations with sustainability goals.

A Future-Proof Approach

Sustainable procurement is not just a noble pursuit; it’s also a strategic move to future-proof your business.

Regulatory Compliance: Governments worldwide are introducing stringent sustainability regulations. By proactively adopting sustainable procurement practices, you can stay ahead of these mandates and avoid potential legal and financial consequences.

Resilience in Supply Chains: The past few years have shown us how vulnerable supply chains can be to disruptions. Sustainable procurement diversifies your sources and ensures that your supply chain is more resilient, reducing the risk of business disruptions due to climate events or other crises.

Enhanced Reputation: Consumers are increasingly conscious of the environmental and social impact of a company’s footprint. Companies demonstrating a commitment to sustainability through procurement practices can add to their brand’s reputation and attract eco-conscious customers.

The Financial Upside: Often, there is a misconception that sustainability comes at a high cost. Sustainable procurement solutions often lead to financial benefits.

Examples of sustainable procurement include environmental legal compliance and target setting, the removal of hazardous materials, waste and carbon emissions across the supply chain, and thorough vetting of suppliers for fair labour practises.

It’s a win-win scenario: cost savings and a smaller environmental footprint whilst contributing to a greener future.

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Sustainability-and-consumers-DMT-Solutions

Sustainable Procurement – Why it Matters

In today’s rapidly changing business landscape, sustainable procurement is a critical priority for businesses of all sizes and industries. 

It represents a strategic approach to sourcing goods and services that not only considers traditional factors like cost and quality as well as environmental, social, and ethical considerations.

Here’s why sustainable procurement matters more than ever:

  1. Risk Management and Reputation Enhancement: Engaging with suppliers or customers involved in unethical practices, such as child labour or pollution, can have severe financial consequences and damage a company’s brand image. Sustainable procurement safeguards against these risks, helping preserve your organisation’s reputation and financial stability.
  2. Cost Optimisation: Implementing sustainable procurement practices can also yield cost savings for your company and its supply chain. Cost optimisation translates into a competitive edge by offering attractive pricing to clients compared to competitors who haven’t embraced sustainability. Examples of cost-saving measures include green energy efficiency initiatives, on-site solar energy generation, and waste reduction programs – valuable in today’s era of historically high energy costs.
  3. Revenue Growth: Consumers and corporate buyers are increasingly mindful of the environmental and social responsibility of their suppliers. Public sector procurement regulations have evolved to require evidence of environmental and Corporate Social Responsibility plans and targets for tenders over a certain value threshold. The shift in buying behaviour has a profound ripple effect throughout supply chains, potentially boosting your sales revenue as you align with these sustainable values.
  4. Future-Proofing Against Risks Developing sustainable procurement practices equips your organisation to navigate supply scarcity and adapt to changing social, economic, and environmental factors. A forward-thinking approach helps mitigate risks associated with an uncertain future.
  5. Fostering Eco-Friendly Supplier Relationships Ethical buyers can showcase their commitment to sustainability by sourcing products and services from suppliers with ethical and eco-friendly practices. Encouraging the growth of eco-supply chains also contributes to price reductions as suppliers leverage economies of scale.

Prioritising sustainability in your supply chain will reduce risks, enhance your brand’s reputation, and cut costs but positions your business for growth in an evolving marketplace. Embracing sustainable procurement isn’t just a choice; it’s a strategic imperative for the future.

Conclusion

In conclusion, sustainable procurement is not just a moral obligation; it’s a smart business move. It positions your company for long-term success by aligning with evolving regulations, strengthening your supply chain, and improving your financial bottom line. 

At DMT Solutions, we believe in being the change we want to see in the world, and we invite you to join us on this journey towards a sustainable, prosperous future, whilst helping your business to reduce costs by as much as 75% through our sustainable procurement. 

Together we can make a difference, one procurement decision at a time.

Partnerships for Positive Impact

DMT Solutions is not just talking the talk; we’re walking the walk. We understand that sustainable challenges bring about opportunities for businesses, communities, and people to thrive. That’s why we’ve taken significant steps to make a positive impact to accurately measure our carbon footprint and offset our CO2 emissions. We’ve partnered with 1001trees.uk. The collaboration ensures that we are taking tangible steps to combat climate change.

Carbon Negative Commitment:

We recognise the urgency of addressing carbon emissions. DMT Solutions has taken the bold step of becoming carbon-negative, which means we not only reduce our carbon footprint but are actively offsetting more emissions than we produce.

Business Profitability - DMT Solutions

Increase Your Business Profitability: A Step-by-Step Guide

by BusinessCost ReductionSupply Chain

Business profitability is always at the back of any business owner’s mind.

Every business can improve its profitability. While sometimes a single factor can make a big difference, for most, it’s a steady stream of small improvements that truly lead to success.

This guide will equip you with actionable strategies to increase your profit margins, identify areas for improvement, reduce costs, drive sustainable growth, and implement effective strategies that lead to business profitability.

Boost your bottom line with these actionable strategies.

1. Analyse Your Current State:

  • Track Key Performance Indicators (KPIs): Identify metrics like sales, costs, and profit margins to measure progress and pinpoint areas needing attention.
  • Review Costs: Analyse your expenses, including overheads, materials, and labour, to identify potential areas for savings.
  • Assess Efficiency: Measure how effectively resources are used to identify bottlenecks and areas for improvement.

2. Implement Cost-Saving Measures:

  • Negotiate with Suppliers: Leverage your buying power to secure better deals on materials and services.
  • Reduce Waste: Eliminate unnecessary spending in areas like energy, supplies, and inventory.
  • Optimise Processes: Streamline workflows and eliminate inefficiencies to improve productivity and reduce costs.
Business Profitability - DMT Solutions
Business Profitability - The ability of a business to generate profits from its activities

3. Enhance Revenue Generation:

  • Review Pricing: Analyse your pricing strategy and consider adjustments to reflect market value and customer demand.
  • Upsell and Cross-Sell: Offer existing customers additional products or services to increase their average transaction value.
  • Tap into New Markets: Explore expanding your reach to new customer segments or geographic areas.
  • Develop New Products or Services: Innovate to meet evolving customer needs and create new revenue streams.

4. Invest in Your People:

  • Train and Develop Employees: Equip your team with the skills and knowledge to work more efficiently and effectively.
  • Boost Employee Engagement: Foster a positive work environment to motivate and retain top talent.
  • Offer Incentives: Reward employees for exceeding targets and contributing to profitability improvement.

5. Leverage Technology:

  • Automate Tasks: Utilise technology to streamline manual processes and free up employee time for higher-value activities.
  • Improve Data Analysis: Gain insights from data to make informed decisions and optimise operations.
  • Implement Digital Marketing: Utilise online channels to reach new customers and drive targeted sales.

Remember:

  • Start small and scale: Choose a few key areas to focus on initially and gradually expand your efforts.
  • Continuously monitor and adapt: Track progress, measure results, and adjust your strategies as needed.
  • Seek expert advice: Consider collaborating with consultants or industry professionals for guidance.

By implementing these steps and adopting a data-driven approach, you can unlock the full potential of your business and achieve sustainable profitability.

Bonus

Checklist for Improving Business Profitability

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Seven Cost-Reduction Mistakes to Avoid in 2024 - DMT Solutions

Avoid Seven Cost-Reduction Mistakes in 2024

by BusinessCost ReductionFinanceProcurement

It’s hard to avoid cost reduction in the current economic climate.  Organisations face a multitude of challenges, including persistent inflation, supply chain disruptions, and a tight labour market in 2024. 

Amidst these headwinds, cost reductions are often seen as a necessary measure to maintain financial stability. 

However, knee-jerk cost-cutting measures can have unintended consequences, jeopardising the long-term health of the organisation.

1. Avoid Blanket Cuts with Unrealistic Targets

Unrealistic cost-reduction targets can lead to across-the-board cuts that penalise efficient departments and erode important sources of value. Instead, a more strategic approach involves identifying and prioritising areas where savings can be achieved without compromising the organisation’s core operations or growth potential.

2. Prioritise Sustainable Behaviour Change

Cost-cutting initiatives should not be a one-time event but rather an ongoing process of identifying and implementing sustainable behaviours that will reduce expenses over the long term. This may involve streamlining processes, optimising resource allocation, and fostering a culture of cost consciousness throughout the organisation.

3. Address Complexity to Minimise Overhead Costs

Complexity is often a hidden cost driver, contributing to excessive inventory holding, warranty claims, and slower decision-making. By simplifying business processes, reducing the number of product variants, and streamlining management structures, organisations can significantly reduce overhead costs without compromising their value proposition.

Seven-Cost-Reduction-Mistakes-to-Avoid-DMT-Solutions

4. Protect Innovation Investments

Aggressive cost-cutting measures can drain resources from high-impact innovation projects, potentially hindering the organisation’s ability to adapt to market changes and maintain a competitive edge. It is crucial to strike a balance between cost reduction and innovation investment, ensuring that the organisation has the resources necessary to drive future growth.

5. Embrace Digital Transformation

Digital technologies offer a multitude of opportunities to reduce costs, improve operational efficiency, and enhance customer experience. Investing in digital transformation initiatives can help organisations achieve cost savings in the long run, while also gaining a competitive advantage in the digital era.

6. Negotiate Fair Contracts with Vendors

In today’s competitive landscape, it is essential to negotiate favourable terms and conditions with vendors to ensure that the organisation is not overpaying for essential services or technologies. Carefully assess the value proposition of proposed solutions and negotiate not just prices but also terms and conditions to protect the organisation’s interests.

7. Assess Risk Management Impact

Cost-reduction initiatives should not come at the expense of the organisation’s long-term viability. By considering the potential impact on cybersecurity, supply chain performance, and employee morale, organisations can avoid rash decisions that could expose them to significant risks.

Conclusion

In conclusion, navigating the current economic challenges requires a thoughtful approach to cost reduction that prioritises strategic decision-making, sustainable behaviour change, and a balanced approach to innovation and cost management.

By avoiding common pitfalls and focusing on long-term value creation, organisations can emerge from the current economic climate stronger and more resilient in 2024.

 

Contact us if you would like a Free Cost-Audit of your business to help you reduce business costs and overheads.

 

Reduce Costs - DMT Solutions

15 Ways to Reduce Costs in Manufacturing

by BusinessCost ReductionFinanceProcurement

In the competitive landscape of manufacturing, cost-effectiveness is paramount to achieving sustainable growth and profitability.

By implementing strategic cost-saving measures, manufacturers can enhance their bottom line and gain a competitive edge. 

This article outlines 15 practical strategies to reduce manufacturing costs, emphasising the benefits of joining DMT Solutions buying group.

Harnessing the Power of Buying Groups

Buying groups, also known as strategic sourcing groups or cooperative purchasing organisations, are membership-based organisations that aggregate the buying power of multiple manufacturers.

By pooling their purchasing volume, these groups negotiate favourable terms with suppliers, securing discounts on raw materials, components, and other essential goods and services.

Benefits of Joining a Buying Group

  1. Enhanced Negotiation Power: Buying groups gain significant leverage in negotiations with suppliers due to their collective purchasing power. This allows them to secure lower prices, better terms, and exclusive deals that individual manufacturers would struggle to obtain.
  2. Broader Product Range: Access to a wider range of suppliers and products enables buying groups to offer their members a comprehensive selection of high-quality materials and components at competitive prices.
  3. Improved Efficiency: Buying groups streamline the procurement process by handling sourcing, negotiations, and order management collectively which frees up valuable time and resources for manufacturers to focus on core business activities.
  4. Reduced Administrative Costs: Buying groups eliminate the need for individual manufacturers to manage their procurement processes, reducing administrative burdens and overhead costs.
  5. Enhanced Market Insights: Buying groups provide members with market intelligence, industry trends, and supplier evaluations, helping them make informed procurement decisions.
  6. Environmentally Conscious Practices: Some buying groups prioritise suppliers committed to sustainable practices, promoting eco-friendly procurement practices within their member networks.
  7. Shared Expertise and Resources: Buying groups often provide members with access to specialised expertise and resources, such as quality control audits, training programs, and industry benchmarking tools.
Manufacturing Costs - DMT Solutions

Cost-Saving Strategies for Manufacturing

  1. Streamline Operations: Identify and eliminate inefficiencies in production processes, reducing waste and optimising resource utilisation.
  2. Optimise Inventory Management: Implement effective inventory management systems to prevent overstocking and ensure a just-in-time supply of materials.
  3. Negotiate with Suppliers: Develop strong relationships with suppliers and negotiate favourable terms, including volume discounts and prompt payment incentives.
  4. Utilise Technology: Invest in software solutions for inventory management, production planning, and supply chain optimisation.
  5. Embrace Automation: Automate repetitive tasks and processes to reduce labour costs and improve efficiency.
  6. Review Staffing Needs: Assess staffing levels and consider outsourcing non-core activities to reduce labour expenses.
  7. Upskill and Motivate Employees: Invest in employee training and development to enhance productivity and reduce turnover.
  8. Review Energy Consumption: Implement energy-efficient practices and technologies to reduce utility costs.
  9. Adopt Lean Manufacturing Principles: Identify and eliminate waste throughout the production process, improving efficiency and reducing costs.
  10. Recycle and Reuse Materials: Implement sustainable practices to minimise waste and reduce reliance on raw materials.
  11. Consider Packaging Alternatives: Evaluate packaging needs and explore eco-friendly alternatives to reduce costs and environmental impact.
  12. Review Rents and Lease Agreements: Negotiate better lease terms or explore alternative facilities to optimise occupancy costs.
  13. Implement Predictive Maintenance: Regularly maintain equipment to minimise downtime and reduce repair costs.
  14. Monitor and Control Miscellaneous Expenses: Regularly review and control all non-essential expenses, such as office supplies and uniforms.
  15. Seek Professional Assistance: Consult with experts in procurement, supply chain management, and cost optimisation for tailored strategies.

Conclusion

By implementing these cost-saving strategies and leveraging the benefits of joining the UK’s largest buying group, manufacturers can effectively manage their expenses, enhance profitability, and strengthen their competitive position in the market.

Remember, continuous improvement and a focus on efficiency are key to achieving long-term sustainability and success in the manufacturing industry.

The Advantages Of Joining The UK’s Largest Buying Group - DMT Solutions

The UK’s Largest Buying Group: Advantages of Joining

by BusinessCost ReductionFinanceProcurement

Joining the UK’s largest buying group will help businesses navigate the ever-evolving landscape of business. Staying competitive requires more than just innovation and strategy; it demands a keen focus on optimising costs and maximising efficiency.

As a business owner, navigating the complexities of procurement to reduce overheads and streamline operations while striving for growth can be a daunting task.

That’s where DMT Solutions steps in. Leverage the strength of the UK’s largest buying group to offer unparalleled advantages to UK businesses of all sizes.

Joining the UK’s largest buying group for free presents a compelling opportunity to achieve significant savings across a wide range of business expenses.

Harnessing the Power of Collective Buying

Buying groups, also known as procurement consortiums, are organisations that aggregate the purchasing power of multiple businesses to negotiate better deals with suppliers. This collective bargaining strength translates into substantial discounts and cost savings for businesses. 

As the UK’s largest buying group, we have an extensive network of members and established relationships with suppliers and are uniquely positioned to secure exceptional rates and terms for our clients.

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A Comprehensive Range of Cost Savings Opportunities

The benefits of joining the UK’s largest buying group extend far beyond traditional procurement categories.

The group leverages its expertise to negotiate favourable deals on a diverse array of business expenses, including:

  • Utilities: Reduce electricity, gas, and water costs.
  • Payment Terminals: Secure better rates on card machines and transaction fees.
  • Corporate Social Responsibility: Enhance sustainability practices while gaining cost-effective solutions.
  • Waste Management and Recycling: Optimise waste disposal and recycling processes at reduced costs.
  • Water Rates: Negotiate lower water bills for commercial and industrial premises.
  • Business Rates: Access expert advice and support to minimise business rates payments.
  • Courier services: Optimise shipping and logistics expenses with discounted courier rates.
  • Insurance: Secure comprehensive coverage at competitive premiums.
  • Fuel Cards: Enjoy lower fuel costs for your company fleet.
  • Vehicle Leasing: Obtain favourable terms on vehicle leasing and rental agreements.
  • Green Energy: Transition to renewable energy sources at reduced costs.
  • Office Supplies: Streamline procurement and benefit from bulk discounts on office essentials.
  • R&D Tax Credits: Maximise tax relief by identifying and claiming eligible R&D expenditures.
  • Cleaning Supplies: Secure high-quality cleaning products at competitive prices.
  • Postage and Packing: Optimise postal costs and access discounted shipping services.

A Collaborative Approach to Cost Reduction

As the UK’s largest buying group, we take a collaborative approach to cost reduction, working closely with members to understand their specific needs and identify areas for potential savings.

The group’s team of experienced procurement specialists provides personalised guidance and support, ensuring that members maximise value.

Save time and money with the UK's largest buying group - DMT Solutions

Additional Benefits of Membership

In addition to substantial cost savings, joining the UK’s largest buying group offers a range of additional benefits, including:

  • Access to exclusive deals and promotions.
  • Up-to-date market intelligence and industry insights.
  • Risk mitigation strategies to protect against supply chain disruptions.
  • Networking opportunities with fellow business owners.
  • Expert advice on regulatory compliance
  • Additional revenue stream by recommending our services to business owners.

Empowering Businesses to Thrive

The UK’s largest buying group is committed to empowering businesses to thrive by reducing costs and enhancing efficiency. 

By leveraging the group’s collective buying power and expertise, businesses can unlock significant savings of up to 75%, reinvest in their core operations, and achieve their strategic goals.

Conclusion

Joining the UK’s largest buying group is a strategic decision that can transform a business’s financial landscape.

By joining the UK’s largest buying group for free, many of our customers have avoided inflationary pressures and kept their prices the same as last year. 

The savings businesses make from cost reduction have enabled businesses to grow, employ new staff, save jobs, invest in marketing, buy new stock, remain competitive and invest in Corporate Social Responsibility without having to increase spending money.

By harnessing the power of collective buying and tapping into the group’s expertise, businesses can secure substantial savings across a wide range of expenses, fueling their growth and propelling them towards sustainable success.

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How Reducing Costs and Overheads Boosts Competitiveness

by BusinessCost ReductionProcurement

In today’s dynamic business landscape, it’s no secret that SMEs face challenges in staying competitive. However, there’s a powerful strategy that often goes overlooked – reviewing your costs and overheads.

In this comprehensive blog post, we will delve into the top strategies for maintaining competitiveness while shedding light on how cost reviews can transform SMEs into fierce competitors.

Business Costs - DMT Solutions

Slash Your Business Costs and Boost Your Bottom Line

by BusinessCost ReductionFinanceProcurement

In the face of rising costs and economic uncertainty, UK businesses are facing a pressing challenge: 

How to maintain profitability while minimising expenses. 

At DMT Solutions, we understand the unique pressures faced by UK businesses, and we’re here to help you navigate these challenges and emerge stronger.

Our team of experienced cost reduction experts is committed to helping businesses like yours identify and eliminate unnecessary overheads, streamline operations, and unlock hidden savings opportunities.

Identifying the Hidden Costs Draining Your Profits
Many businesses are unaware of the extent to which unnecessary expenses are eroding their bottom line. From bloated software subscriptions to inefficient energy consumption, these hidden costs can accumulate over time, silently siphoning away the profits you’ve worked hard to earn. 

DMT Solutions takes a comprehensive approach to cost reduction, meticulously examining every aspect of your operations to identify and eliminate these hidden drains.

Unleashing the Power of Automation

In today’s technology-driven world, automation is not just a buzzword, it’s a necessity. DMT Solutions helps businesses harness the power of automation to streamline repetitive tasks, reduce human error, and free up valuable time and resources. By automating mundane processes, you can empower your employees to focus on high-value activities that drive revenue and growth.

Business Costs Opportunity - DMT Solutions

Negotiating with Vendors: The Art of Savvy Savings

When it comes to vendor negotiations, many businesses feel powerless, often settling for unfavourable terms that eat into their profits. DMT Solutions brings expertise and leverage to the table, skillfully negotiating with vendors on your behalf to secure the best possible rates and terms. We understand the dynamics of vendor relationships and know how to extract maximum value for your business.

Optimising Your Software Landscape: Eliminating Wasteful Subscriptions

In today’s software-driven world, it’s easy to fall into the trap of subscribing to multiple applications, many of which go underutilised or are simply unnecessary. 

Conduct a thorough audit of your software landscape, identifying redundant subscriptions, outdated programs, and underutilised features. Optimise your software portfolio, eliminating unnecessary expenses and streamlining your operations.

Embracing Energy Efficiency: Saving Money, Saving the Planet

Business energy costs can be a significant burden, especially for those with large physical spaces. DMT Solutions helps businesses implement energy-efficient practices, reducing consumption and lowering utility bills. We identify areas of energy waste, recommend cost-effective solutions, and guide you through the implementation process.

Partner with DMT Solutions: Unleash Your Profit Potential

At DMT Solutions, we’re not just about cost reduction; we’re about helping businesses achieve their full potential. 

We understand that every business is unique and we tailor our strategies to your specific needs and goals.

We believe that every pound saved is a pound earned, and we’re dedicated to helping you secure the financial freedom you deserve.

With our expertise, dedication, and unwavering commitment to client success, we’re confident that we can help you unlock significant cost savings, boost your profitability, and propel your business to new heights of success.

Don’t let unnecessary costs and overheads hinder your business growth. With our proven strategies and unwavering commitment to client success, we’re dedicated to helping businesses like yours streamline operations, eliminate wasteful expenses, and achieve the financial goals they deserve.

Contact DMT Solutions today for a free cost review and embark on a journey of cost optimisation and profitability enhancement.

Together, we’ll transform your financial landscape and unlock the true potential of your business.

Procurement Act Marks Historic Transformation For UK SMEs - DMT Solutions

Procurement Act Marks Historic Transformation for UK SMEs

by BusinessCost ReductionFinanceNewsProcurement

Today, we are thrilled to announce that the Procurement Act has officially received Royal Assent, marking a pivotal milestone in the government’s commitment to fostering lasting change and prosperity.

The Procurement Act, now enshrined in law, promises to bring about one of the most significant overhauls in the history of procurement regulations in the UK.

Its far-reaching implications will empower small businesses, creating a more equitable and inclusive business landscape for economic growth and development.

Business Buying Power- DMT Solutions

Key highlights of the Procurement Act include:

  1. Enhanced Opportunities: Small businesses will have unprecedented access to a wider array of procurement opportunities, enabling them to compete on a level playing field with larger corporations.
  2. Streamlined Processes: The Act will introduce streamlined and efficient procurement procedures, reducing bureaucratic hurdles and fostering a more dynamic marketplace.
  3. Economic Empowerment: The Act’s focus on inclusivity, paves the way for substantial economic empowerment, ensuring that small businesses can play a central role in shaping the country’s future.
  4. Long-term Prosperity: The Act aligns with the government’s commitment to making decisions that lead to sustained, positive change, driving the UK toward a brighter future.

We invite small business owners and entrepreneurs to embrace this historic change as an opportunity to propel their businesses to new heights.

The Procurement Act is a testament to the government’s dedication to fostering a thriving and resilient small business ecosystem.

If you would like to make your business more competitive and want to know more about the opportunities for small businesses, please visit https://dmtsolutions.co.uk/solutions/.

Have the recent changes in legislation changed your views on the Government and Ministers?

Benefits of buying power for a Small Business - DMT Solutions

What are the benefits of buying power for a Small Business?

by BusinessCost ReductionFinance

Buying power should be a priority for UK small businesses that have been hit the hardest in the last few years by Brexit, Covid-19, the Ukraine war raising the price of goods and inflation.

Although the business outlook looks aggressive, businesses need to remain resilient and confident to overcome the next few years.

As a small business, we understand the hardship companies face when getting the best deals from suppliers. Many suppliers will look favourably and offer deals and discounts towards companies that spend more money. For those organisations that do not spend as much or are less frequent in usage, they struggle to find a supplier that can offer preferential rates, which costs time, resources and money – which is why many small businesses lose out in the buying stakes. 

Not being able to command discounts from suppliers makes it harder for SMEs to compete against competitors. 

The pandemic combined with tighter margins and rising costs, forced many small businesses in the UK to shut their doors for good. From 2021 to 2022, there were 581,824 dissolutions in the UK, an increase of 32.9% compared with 2020 to 2021, the highest number of dissolutions on record*.

Business Closure - DMT Solutions

Forward Thinking

In order to strategically advance our position and the circumstances of our clients, we became a part of the UK’s largest buying group with the buying power of an FTSE 250 company. 

As a business, by joining the buying group, we were able to reduce many different business costs and overheads, making us more competitive and enjoy superior rates and deals that were not available on the open market or to our competitors. 🙂

There are several benefits to having buying power:

  1. Discounts and better pricing: With robust buying power, our buying group are able to negotiate better prices or discounts on the products or services a business would traditionally use, such as insurance, energy, and payment terminals. The amount of money businesses have saved over the years has amounted to hundreds of thousands of pounds.
  2. Greater flexibility: Having buying power can also give you greater flexibility in your purchasing decisions. For example, you may be able to purchase in larger quantities to take advantage of bulk discounts or longer payment terms to improve your cash flow.
  3. Improved bargaining position: Buying power gives us a better bargaining position when negotiating with suppliers, thus helping you get more favourable terms and conditions, such as better warranties or more flexible delivery schedules.
  4. Increased efficiency: By purchasing the products or services you need at a lower cost, you may be able to improve the efficiency of your operations and increase your profitability.
  5. Stronger relationships: Building deeper and stronger relationships with suppliers can also be a benefit of having buying power. Stronger relations help secure more favourable terms and conditions and receive better service and support from your suppliers.
Business Buying Power- DMT Solutions

Review Time

Now is the perfect time to review your general expenses and uncover potential opportunities for savings. Here are some areas to focus on:

Fixed Costs – These are your regular, predictable expenses consistent throughout the year. If you receive any notifications of changes, take the opportunity to evaluate your options. Consider whether you can find a better rate elsewhere or adjust your sales plan to accommodate these costs.

Variable Costs – Expenses that fluctuate with usage can often be negotiated. Don’t hesitate to have a conversation with your supplier to maintain a fair price or secure a volume discount.

Investment – If you need to drive your business forward with external help or new technology, research the costs and plan for it. Helping you focus on your sales goals and plan ahead to achieve them.

By joining our buying group for free, businesses can save up to 75% on their business costs and overheads.

With such huge savings, businesses can reinvest their capital into their company for growth, saving or creating more jobs, marketing, expansion, buying more stock, and so much more.

By anticipating your future expenses, you can ensure that your sales and profits will cover them. This forward-thinking approach will give you the confidence that you’re on the right track to reach your business objectives.

If you would like to cut your business overheads, then Contact Us for a free, no-obligation business review.

*Source: gov.uk

Business Energy - DMT Solutions

Changing business energy suppliers – The benefits

by BusinessBusiness EnergyCost ReductionFinanceProcurementSupply Chain
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Changing Business Energy Suppliers – The Benefits

Changing business energy suppliers is not often at the top of to-do lists. However, business energy costs are overheads all businesses can do with reducing.

Companies quickly have to adapt to the changing business environment in the current economic climate by keeping business costs down.

The price of natural gas and electricity for businesses has never been higher. Over the last few years, energy prices have been increasing month on month, yet it is still a cost that many companies fail to budget for.

The cost of heating and lighting is one of the main costs for business expenditure. For example, suppose you have a business that needs to refrigerate, freeze or cook inventory, then you have to budget for the storage and handling of stock from delivery to being sold.

One of the main factors driving the business energy market is the increasing concern for environmental responsibility. As a result, companies that have previously focused on market share have shifted to sustainability as a core value proposition.

There are many advantages to changing business energy suppliers; these include:

Reduce your bills

Could you be paying less on your electricity and gas bills? Unfortunately, many businesses are paying more than they have to, and with everyday living costs on the rise, we all need to find ways to save. Our huge buying power will get your company the best possible energy prices, and we will help you make the switch.

Make a change for the better

Maybe you are changing your business address, expanding to a new location or your current energy plan is about to end. But, on the other hand, perhaps you have just grown out of your existing business energy plan and need to find another provider that meets your new energy needs. These transition times are the perfect opportunity to review your options, find a better deal and switch to cheaper electricity and gas suppliers.

Discover greener options

Many energy utility providers are now offering more renewable and sustainable energy options, such as carbon offset, hydro, solar, wind and biomass. If you would like to reduce your impact on the environment, we can help you find a cleaner, green energy plan that will still save your home and business money in the long term.

Experts by your side

Our utility procurement specialists are constantly reviewing the gas and electricity marketplace to ensure they can secure the very best deal for your business.

Given the significant supply risks and price volatility in the market, the need for specialist support is all the more critical.

When utility prices drop, your business will be privileged to have energy specialists on your side, working for you to ensure that you enjoy price reductions as soon as possible.

Switching energy is as easy as turning on a light switch. Then, as you continue to use the same pipes, gas, meter and safety – you do not lose supply – the only difference is the price you pay and you experience better customer service.

Business Budget 2024 - Cost Audit Banner - DMT Solutions

Bundle and save

Combining your electricity and gas plans is a great way to save cash and streamline your accounts. Our business energy providers can customise a bundle deal that meets all of your energy needs.

Improve your service

You do not have to pay high prices for average service. However, if you are not happy with the service you are getting with your current energy provider, you can move on and find something better. Typically, 97% of our customers move to a cheaper plan.

It does not cost you a thing

Our business energy solution is an entirely free service. There are no hidden costs, catches or obligations. We are here to find you the best energy deal possible from our panel of leading energy retailers based on your preferences.

Should I switch to a new energy supplier?

If you’re interested in switching your business to a renewable energy provider or are interested in any of our energy procurement services, you can contact us today.

You can either contact us via our form or alternatively you can call us on 07942 748189 to discuss your needs in more detail today.

How our process works

Our streamlined process is designed to make life easy.

Simply provide 3 months of existing contracts or your requirements and we’ll handle the rest.

Review

A short call to review your circumstances

Alternatives

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