Chris Barrett is a consultant for Auditel, the UK’s pioneer of Strategic Cost Management. For the past 20 years, he held a range of senior marketing and sales roles in the B2B sector with EDF Energy. His remit covered the SME market (over 200,000 customers) and the Industrial and Commercial market, including blue chip and public sector organisations with complex product and service requirements.
Auditel began to lay the foundations of Strategic Cost Management in 2012. Extensive independent research was undertaken and together with leading business publication Management Today a survey was conducted. The results underlined the fact that there is a genuine lack of understanding in organisations between simple cost cutting exercises and strategic cost management.
The survey showed that cost reduction is just part of the process. You need a strategy in place to make sure that those costs are monitored on a regular basis. You need the right people, tools, knowledge and processes. To achieve this, Auditel has made a mission of ensuring that every facet of its cost management service to large and medium-sized organisations is as effective as possible, in every industry sector and across all areas of business expenditure.
Our 200 highly skilled consultants can reveal an unprecedented amount of ‘hidden’ cost management data quickly. This allows evidence-based, tailored solutions that really are a match for the need of each individual organisation. By outsourcing an Auditel consultant, our clients benefit from an additional specialist member of their management team, without incurring the usual costs associated with in-house resources.
Chris says:” I use my knowledge and experience to advise clients on managing their costs across all areas, but in particular on energy and the environment, after having developed an in-depth understanding of supplier processes, products and services.
“As Auditel’s Business Cost Area Lead for energy, I shall be working with the broader Affiliate network to support the whole of the Auditel customer base. This will include monitoring market trends to help clients make informed decisions on the timing of their energy buying, tracking new products that might best serve our clients’ needs and anticipating any likely impact of regulatory changes on their costs.”
Chris adds: “On that point, you should be reviewing your energy purchasing as we speak. Depressed oil prices have driven energy costs down significantly. While there is no immediate driver for an increase in prices, it would be prudent to consider them now rather than to wait for upward pressure to come to bear, which it will inevitably!”