Cost reduction project offers fertile ground for savings

The client

IVI Group (Spain) 

Industry sector: Health Services

Cost categories investigated: Office supplies, cleaning, medical gases

 

The Expense Reduction Analysts Team

Julián Aurrecoechea

 

About the project

The IVI Group (Valencia Institute of Infertility) has over 25 years’ experience in offering the best assisted reproduction techniques, with over 110,000 babies born and an astonishing success rate of 90%. This means that 9 out of 10 couples who rely on IVI see their dream of becoming parents fulfilled.

The group is expanding with 50 fertility clinics in 11 countries, and is exploring strategic destinations such as Abu Dhabi or Dubai. With some of the best professionals worldwide in the sector and a clear commitment to research, the objective is to become a global reference both in terms of results and assistance, as well as research and teaching, essential components of the Group’s vocation. These ongoing efforts to be at the forefront require investment and the savings achieved with the intervention of Expense Reduction Analysts have helped support the investment strategy.

Though the commissioning of an external consultancy was initially met with some reticence, the staff soon understood that the goal was to make their job easier and to benefit from the expertise of specialists in the spend categories, which provided opportunities for them to learn and grow professionally. Very significant savings were found for instance in the office supplies category thanks to a change in procedure rather than a reduction in the prices from the supplier.

 

What the client says

"The relationship with the ERA project manager has been outstanding. He has always been very professional in his approach, and we have appreciated to have experts for each specific cost category to investigate”.

Manuel de la Llave, CFO, IVI Group

 

The results

Office supplies 34%

Cleaning 19%

Medical gases 16%

DOWNLOAD THE CASE STUDY HERE (PDF)

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