UK wine and spirits retailer
- industry retail
- turnover £250m
- location uk/usa
GFR and GNFR Cost Review Program
A leading UK retailer, specialising in fine wines with 211 stores across the country. In 2015, the business acquired an online wine retailer. The retailer had a budget deficit of circa £1m in year and were introducing budget challenges for the next financial year. 4C were chosen to conduct a full cost review of the GNFR and GFR spend to identify the areas of opportunity for both organisations.
Opportunity Diagnostic
- deep dive review of budgets and contracts vs 4C benchmarks and validation workshops held with stakeholders
- identified savings of £2.1m against a GNFR spend of £19m
GNFR
- implemented a multi-category strategy approach across all BUs, with market reviews
- RFxs/eAuctions and supplier negotiation
GFR
- ran supplier partnership programme across non-core ranges, generating efficiency enhancements and improved way of working
value delivered
- exceeded savings target significantly by 62% – £3.4m vs £2.1m
- increased control across the organisation by implementing PSLs and framework agreements
- implemented supplier efficiency savings by consolidating the supplier base across both organisations
- built internal credibility for procurement
