Frequently Asked Questions

Q. Who are New Wave Purchasing?

A. Stuart Kinsella and Bob Hogan founded New Wave Purchsing in 2006. With over 20 years of combined Procurement experience between them, the core 'deliverable' New Wave Purchasing provide to customers is to drive unnecessary costs out of their businesses (and keep them out) as well as improving Procurement, Purchasing & all buying processes. 

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 Procurement, Purchasing & all buying expertise by making the overall process more effective and efficient. On average we’ve saved our customers >31% on their direct costs alone.

Q What are the cost areas you specialise in?

A. We review all non-staff 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, Facilities Management (Catering, Cleaning, Security, etc), Couriers, car parking, IT spends and many other areas.

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 basic model is simple. We shape it 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 arrived at by 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 your Year 1 savings.

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

A. 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 challenging economic times, effectively taking all necessary costs out of your business is a powerful strategy within your control. This action will increase your businesses profits.

Q. Will my business information remains confidential?

A. Yes of course. We also sign a Non-Disclosure Agreement (NDA) with each client. That legally protects the transfer of any information between both parties. Our ethics and entigrity is a fundimental part of our business and if necessary we can provide business references from many clients to support this.

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 typically covers our fee – all the other benefits are yours.

3. When we set a target - WE DELIVER, whatever it takes. Our customers will testify to this. There are some testimonials on this Web site and many more that can be provided more suitable to your industry. The engagement process includes auditing your spends, agreeing cost savings targets and developing a cost savings action plan.

Q Can we not make the savings ourselves?

A. Of course it may be possible to make some savings yourself. But by using New Wave Purchasing you can be sure you are getting the maximun possible cost reductions, process improvements and highest possible services standards for you business. We know the markets, the suppliers and are up-to-date with new technologies & innovations in these areas - that's our business! We also have skilled resources in making the savings happen i.e. purchasing strategies and best buying practices to deliver clear results for our customers. Our cost savings experience to date has delivered on average 31% cost savings for our clients 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?

A. 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 show you where the opportunities area. Upon agreement, we'll then put an action plan in place to deliver these committments to you - WHATEVER IT TAKES.