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01.05.07 Rescu contract packing joint venture with TDG goes live
22.02.08 TDG Contract Packing Update
01.02.07 Rescu launch Rescu Spend, a spend management service
01.01.07 And then there were 3 Rescu recruits new director
08.03.05 The UK Drinks Industry - RFID Taskforce is launched
04.02.05 "Can you RESCU us?" asks major Distiller
13.12.04 RESCU announce RFID Joint Venture with Spartan Solutions
26.11.04 RESCU Solutions Procurecard provides greater guaranteed revenue
27.09.04 RESCU help Dewars with their new product introduction process
19.08.04 Improved customer satisfaction and cost reduction
26.07.04 RESCU Solutions Procurecard identifies potential 4% profit increase
15.06.04 RESCU introduce world class supply relationship to Dewars
24.02.04 Pi Capital completes £3m first round investment in Procurecard Ltd
20.02.04 Hookson to the RESCU
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RESCU
Solutions in association with Procurecard unlocks a valuable new revenue
stream for Whyte and Mackay.
"RESCU Solutions Procurecard unlocks a valuable new revenue stream from our non-core
procurement activities. Monthly cash rebates mean that we can generate revenue
from cost centres and increase bottom line profit".
Scott McCroskie - Finance Director, Whyte and Mackay Ltd.
Overview
Headquartered in Scotland, Whyte and Mackay is a global spirits company
with an 8% share of the worldwide Scotch whisky market and significant brands
such as Whyte and Mackay Scotch Whisky, The Dalmore Single Highland Malt,
Isle of Jura Malt Whisky, Glayva Liqueur and Vladivar Vodka. The company
is also the world's leading supplier of own label Scotch Whisky.
Whyte and Mackay employs around 700 people, and in the year ending September
2002, generated an operating profit of £20.6 million on sales of £157.2
million, representing 9.3 million cases of spirits.
Continually looking for ways to enhance business performance, Whyte and
Mackay discovered that RESCU Solution Procurecard's unique spend management service would
create a new income stream that they could not realise on their own. By
joining the RESCU Solutions Procurecard programme, Whyte and Mackay would benefit from the
combined buying power of all the participating members.
In addition, Whyte and MacKay would be able to supplement their in-house
procurement expertise through access to Procurecard's team of over 80 procurement
specialists, allowing Whyte and Mackay's purchasing team to focus on core
business and strategic procurement activities.
RESCU Solutions Procurecard Benefits
RESCU Solutions Procurecard completed the spend management analysis and calculated the rebate
that could be generated in 9 of the non-core spend categories - telephone,
stationery, printing, IT consumables, hotels, courier services, IT hardware,
work wear and cleaning. On a total managed spend in excess of £850,000;
RESCU Solutions Procurecard identified a potential annual rebate of 7.5 % across the 9 categories,
which would generate an annual cash rebate of £65,000.
This rebate is expected to increase over time as Whyte and Mackay adds new
spend categories and as the overall total amount of spend managed by RESCU Solutions Procurecard
grows.
Subsequently, Whyte and Mackay have asked RESCU Solutions Procurecard to look at a further
£10 million spend across a range of categories, which has the potential
to yield an additional annual rebate of up to £750,000, equivalent
to a bottom line profit increase of 4%.
Conclusion
RESCU Solutions Procurecard has identified and provided for Whyte and Mackay Ltd a new revenue
stream with significant potential, which will directly increase bottom line
profit for the business.
Douglas
Thomson - Procurement Manager, Whyte and Mackay Ltd.
"RESCU Solutions Procurecard provides significant potential to support the strategic
purchasing activity within a company. To the purchasing professional with
limited time and resource, RESCU Solutions Procurecard is an additional no cost buying tool
providing an opportunity to drive and sustain improvement. Rescu Solutions
has the supply chain expertise to develop an in depth knowledge and understanding
of the company, its markets, suppliers, products and consumers to greatly
assist in implementing the RESCU Solutions Procurecard solution or other improvements to
achieve the maximum cost benefit for a business."
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| The most successful companies
unlock the potential of their people. |
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| “ |
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| In any moment of decision
the best thing you can do is the right thing, the next best thing
is the wrong thing, and the worst thing you can do is nothing.”
– Theodore Roosevelt. |
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