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Our consultants have assisted organizations across numerous industries including healthcare, manufacturing, professional services, as well the non-profit sector, to find meaningful savings that can be put back into their business’ initiatives.
The automotive industry is one of the most important economic sectors in the world in terms of revenue. Due to tight margins, the automotive industry is pioneering in the sector of expense and supplier management.
Increasing capital requirements, aging infrastructure, competitive alternatives, rising operating costs (i.e., programming costs, environmental costs, etc.) and increasing governmental requirements are common challenges. These challenges are putting pressure on the industry to find other sources of cash.
The construction and engineering industries include companies offering a diverse range of services. Commercial building companies, organizations engaged in industrial plant construction, and businesses overseeing civil engineering projects such as dams, highways, and bridges fall into this category.
Institutions in the educational services category include public, private, nonprofit and for-profit businesses providing instruction and training to students. The types of institutions we serve range from elementary through high schools, colleges and universities, and industrial, professional and vocational training centers.
The financial services industry includes banks, insurance companies, and investment firms. These organizations engage in monetary transactions and create, liquidate, purchase, and sell assets such as securities, bonds, and insurance.
Healthcare and social services encompass hospital medical care, outpatient care provided by physicians, urgent care, elderly and hospice care, dental work, and social assistance.
Companies in the hospitality industry offer accommodations for travelers. Resorts, hotels, motels, and bed and breakfast inns are included within this industry.Key economic indicators affecting hospitality-related businesses include travelers’ personal income, employment levels, and corporate profits.
Businesses in the manufacturing industry transform raw material into finished products, from FMCG to more complex products to be sold to retailers or wholesalers.
Expense Experts is able to provide valuable insight into the various manufacturing cost categories to provide substantial savings.
The industry also includes transit and ground passenger, courier and messenger transportation services, along with warehousing and storage services.
For the transportation sector, managing fuel costs is a primary concern.
Fuel costs can often exceed labor costs, and companies may agree to buy large amounts of fuel at a fixed price.
Fuel surcharges are also used to offset rising prices.
A nonprofit organization relies on charitable contributions to support their mission.
Charitable contributions decrease in tough economic times, and these groups are vulnerable to shifts in the economy, even for nonprofits with substantial endowment funds.
Managing expenses is a primary concern for nonprofits. For this reason, it is critical for nonprofits to recognize any areas where cost savings can be utilized.
Accounting, engineering, legal, IT, advertising and marketing, architectural, and scientific research firms are all considered part of the professional services industry.
Although many companies rely on the specialized expertise offered by these firms, when company profits decline, they may delay projects or cut professional expenses.
Competition in the retail trade industry is fierce for large and small companies that sell various products to consumers and businesses — from food and household goods to clothing and office supplies.
An awareness of the market and consumer trends can shape merchandising strategy and help manage retailers’ costs.