Manufacturing Today Issue - 236 May 2025 | Page 206

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insurance contributions. These have a significant impact from a cost point of view. To overcome this obstacle, we have been working very hard on procurement in the last 14 months. We brought in a specialist who I have worked closely with in my previous business, they have already made great progress with new suppliers sourced and improvements to existing commercial arrangements. In year one this has returned a £ 200k improvement to profitability and by year two this will increase to £ 350k. This has helped us and our customers by reducing the level of price increase required for 2025, ensuring we remain one of the most competitive providers in our markets.“ Over this period, we have also established our Training Hub. This new facility was created within our complex to help us show case our wonderful products and services to many of our clients in 2024. We also use this as a training facility for our staff, and our suppliers use it as well.
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