Fast growing retail brands often find themselves with a disjointed portfolio – and this coffee retailer was no different.
With multiple energy suppliers and lacking a single energy reporting solution, the team at the coffee retailer were finding it increasingly difficult to understand their energy position, resulting in incomplete site lists and high unit rates.
The coffee retailer needed a European energy partner who could work with them to review their current energy strategy, consolidate suppliers, and provide an energy reporting solution to help the in-house team stay abreast of their frequently changing property portfolio. The coffee retailer needed a single point of contact who could help to identify (and then deliver) cost saving opportunities in energy procurement across their pan-European portfolio.
“The Inenco Europe team helped us tremendously - with great communication and proactive, high level customer support!”
1. Portfolio Analysis
To understand the portfolio in its entirety, Inenco’s in-house European team pulled together all data across the entire portfolio into one place. Using a bespoke data management system, the team analysed all elements of their energy supply site-by-site, including supplier, contract end dates, unit rates, and consumption volumes.
2. Energy Procurement
The analysis identified significant opportunities to consolidate and improve procurement efficiency. Inenco’s team subsequently overhauled the buying strategy currently used by the coffee retailer. With a new integrated energy strategy and a consolidated portfolio, Inenco delivered tender and negotiation exercises for the UK, Netherlands and Germany, as well as budget-led energy procurement in line with the coffee retailer’s own appetite for risk. Using the European team’s expert market knowledge, Inenco secured the coffee retailer’s competitive fixed price contracts across the entire group via a single energy supplier in each country.
3. Energy Reporting
In order to provide increased visibility for the future, Inenco implemented an invoice validation tool in 2013. This tool allowed the retailer to maintain and manage their entire site portfolio, per country, and to monitor energy consumption at multiple levels, from country portfolio right down to metering point.
Through appointing one supplier per country the competitive tender exercise achieved cost savings £150,000 in year one alone.
Inenco were also appointed to procure the retailer’s energy in France.
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