Frequently Asked Questions

Q. Who are New Wave Purchasing?

A. Stuart Kinsella and Bob Hogan founded the business during 2006, believing there was a market for the services of a company that would drive unnecessary costs out of businesses (and keep them out) as well as improving buying processes. We previously worked as purchasing managers in a large Irish Financial Services Company doing a similar work.

Q.What will New Wave Purchasing actually do for my business?

A. We save your business money by reducing your company costs in certain areas. We also provide buying and purchasing expertise by making the process more effective and efficient. On average we’ve saved our customers >31% on their costs.

Q What are the cost areas you specialise in?

A. We review all cost areas and buying processes for our customers. But the cost areas where we have found most success are in Telecoms (Mobile Phones, Landlines, Broadband), Print, Office Stationery, Energy, Office equipment, IT spends and many other areas.

Q. What is this FREE Cost Savings report?

A. Our initial engagement process of Auditing customer spends, Agreeing savings targets and developing a cost savings Action plan. Regardless of whether the customer wants to work with us in future, we present the customer with their own tailored Cost Savings Action plan. Why? We are so confident this process will identify tangible savings and benefits for customers, that we do all this work for Free with no prior commitments or preconditions.

Q How do you actually take costs out?

A. There are 3 simple steps.

1. Audit our customers existing spends, using our market knowledge, purchasing skills and benchmarking techniques

2. Agree cost savings targets with our customers

3. Develop a cost savings Action plan, to take costs out and keep them out

Q. Are businesses over spending?

A. Generally yes. In the areas we specialised in we have found Average savings of 31% overall. Specifically 30-50% on Business Mobile phone spends, 40% on Print and 50% on Office stationery and Equipment.

Q. Why is this the case?

A. There are probably a number of reasons but generally businesses have been focusing on a increasing their profits with a strong sales strategy. Now those markets are contracting and alternative ways to increase your profits are being looked at i.e. a strong cost savings management plan.

Q Why is managing your costs so important?

A. Every €10 of cost savings can be put directly against your businesses bottom line. In other words every €10 of costs extracted is equal to an additional €10 of profit. This is another reason why it’s so important to actively take action and implement this strategy now.

Q How do New Wave Purchasing get paid?

A. Our model is shaped so there is No Cost to the Client. Our fee comes from a small proportion of the savings we make for you. No Savings for you, no fee for us. The calculation is a combination of time, effort and resources needed to deliver the savings against the total pot of the savings delivered. Typically this works out as a small proportion of Year 1 savings.

Q Is there a minimum size business you will only deal with?

No. We have worked with businesses from 5 people upwards. But typically the great successes have come from larger businesses. Our model is really based on spend volumes – and once the spends are above a certain practical level, we can quickly and effectively complete your cost savings plan, showing your where the savings are and how they can be implemented.

Q. Any advice to a business to save money?

A. Yes, simply put a strong cost savings plan in place today. The savings are not going to happen by accident – take action now. In today’s economic challenging times, effectively taking all necessary costs out of your business is a powerful strategy within your control. This action will increase your businesses profits.

• How can I be sure my business information remains confidential?

A. We sign a Non-Disclosure Agreement (NDA) with each client. That legally protects the transfer of any information between both parties. We can provide business references from other clients also.

Q. Why should a business use New Wave Purchasing?

1. We will reduce your month on month bills. Averaging >31% cost savings per customer

2. There is no cost to you! Our cost is funded from identified savings. A small proportion of this covers our fee – all the other benefits are yours.

3. Free Savings Cost Plan. The engagement process includes auditing your spends, agreeing cost savings targets and developing a cost savings action plan. Regardless of working together from this point, we do all this work for FREE and no commitment. You get to keep your FREE Cost Savings action plan.

Q Can we not make the savings ourselves?

A. Yes it’s possible. But we know the markets, the suppliers and are up-to-date with new technologies & innovations in these markets. We also have skilled resources in making the savings happen i.e. purchasing strategies and best buying practices to deliver clear results for New Wave Purchasing customers. Our cost savings experience to date has delivered on average 31% cost savings for our customers as well as many other service improvements, all turned around in times of only days & weeks.

Q Can our business make cost savings today?

A. Yes you can making cost savings today! For starters our Web site www.newwavepurchasing.com gives you 10 top tips for saving money now. These are tactics as part of an overall cost savings plan for your business but these are simple examples of what you can do to make a difference today.

Do you have any business references?

1. Yes, we have a number of recent testimonials currently on our Web site www.newwavepurchasing.com in the area ‘see what our customers have to say’. We can also provide live customer references if required.

Q. It all sounds too good to be true. Where’s the catch?

A. There is no catch. Ask any of our existing customers who are currently enjoying the benefits of adding on average 31% cost savings onto their profit figures. We’ll analyse your business costs and tailor a Free cost savings report for your company. They are no preconditions around this. There’s also no cost to you for delivering the savings, as a small proportion of the year 1 savings covers our fee – No savings for you, No fee for us.