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Procurement
Spend, suppliers, contracts and savings across the supply base.
3 of 50 lines on NCM-22190 invoiced above contracted price, one above goods received quantity.
17 active suppliers in the Fasteners category; consolidating to 3 preferred suppliers would unlock volume pricing.
Fuel surcharge and routing inefficiencies pushing freight cost above rate card across 6 of the last 12 runs.
Contract expiring 10 Nov 2026 — market rate benchmarking supports a 4–5% reduction on renewal.
Working capital benefit from extending terms from Net 30 to Net 45 given strong on-time delivery performance.
No formal supply contract in place for hot rolled steel coil despite £289k YTD spend; draft agreement in progress.
Reviewed low-value fasteners addendum for consolidation into primary agreement.