Harwoods Group Financial Case Study

Harwoods wanted to ensure that there was minimal disruption to its day-to-day operations as it addressed other areas in response to market dynamics. Working alongside Harwoods and with full, unrestricted access to their cost base, Vendigital was able to fully assess and identify a suite of opportunities, from quick-wins to longer-term strategic initiatives. During the engagement, a Productivity review was also conducted on parts of the sales organisation, identifying a number of best practices across the business units, opportunities to streamline processes, as well as a number of key themes identified that had the potential to improve productivity across the entire Group.

Following an accelerated opportunity assessment to carefully select target projects, Harwoods and Vendigital entered into the delivery phase, which saw a collaborative approach to sourcing, tendering and negotiations of suppliers to provide the best service levels and pricing without compromising business requirements. Furthermore, the productivity review workstream and full engagement from three of Harwoods key business units provided valuable insights on potential areas of operational efficiencies that could be replicated across the group.

Alongside this, Vendigital developed a structured Procurement and Contracting Framework for the new central procurement function, including standardised polices and processes to embed harmonised practices and ensure sustainable savings across the projects delivered.