TMP Worldwide cuts costs 24%

TMP Worldwide is a rapidly expanding company with a unique suite of integrated services ranging from recruitment advertising and executive search and selection to Yellow Pages directory advertising and the flagship recruitment website Monster.com.

In just a few months, Expense Reduction Analysts Consulting has been able to save millions of dollars for interactive service provider TMP on general business overheads. Better deals on business travel and printing Expense Reduction Analysts helped TMP select and implement a new travel management provider and introduce the latest technology processes.

Expense Reduction Analysts also advised on renegotiation of local and international airline and accommodation deals. They also helped TMP to cut costs on printing by encouraging the company to choose a printer with on-line processes. General stocks are now held by the printer, with an on-line ordering system enabling all TMP offices to view stock levels and order as required. Business cards are also ordered online, significantly reducing process and delivery time.

TMP used several courier companies for its international, interstate and local deliveries and deemed the performance of each as average, with problems occurring in maintaining contact and the loss of packages. Expense Reduction Analysts streamlined the system to three couriers, one for each of the service areas. An efficient booking system was implemented, part of which was online, with the ability to trace packages. Reliable service providers were appointed and the accounting system was simplified, with much less invoicing required.

"The multi-million dollar savings delivered by Expense Reduction Analysts to date are around 24 percent," says Expense Reduction Analysts's Robin Dunlop. "Expense Reduction Analysts has proven to be an excellent partner for TMP," says Ross Kirby, financial operations manger at TMP. "Expectations and objectives that we had at the start of the processes have been met. In any sort of supplier partnership arrangement, trust becomes one of the cornerstones of the relationship and both parties benefited mutually by being able to adopt such an approach." Your success story is waiting to be written. Get started lowering costs for your company.

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