The Carphone Warehouse and Vhi Healthcare expect to save a combined €2.5 million in costs over a two-year period thanks to contracts announced today by Dublin-based supply management solution provider Supplierforce.
The two contracts are worth a total of €200,000 to Supplierforce, which also counts Telefónica O2 Ireland, Jurys Inns and Musgrave Retail Partners Ireland among its clients. Founded by the company’s chief executive officer, Declan Kearney, in 2004, Supplierforce is funded by private investors and Enterprise Ireland.
Despite the current economic environment Supplierforce successfully raised an additional €1m in funding earlier this year, which it is investing in international expansion and increased research and development.
“Our ability to secure maximum value from procurement activities by helping customers to reduce costs by between 20 and 50pc is proving to be a compelling proposition for a diverse range of customers," said Kearney.
“We are helping organisations to significantly reduce their overall costs while maintaining, and in many cases, increasing the level of service provided to the end customer."
While the contracts were announced today, they have both been in place for a number of months. Jimmy Tolan, chief executive of Vhi Healthcare said the range of strategic supply management solutions it has taken on from Supplierforce has realised over €500,000 in direct cost savings. The Carphone Warehouse didn’t want to reveal its figures.
Tom Hayes, head of the high potential start-up unit in Enterprise Ireland, described Supplierforce as "exactly the type of innovative, Irish-based company that Enterprise Ireland is keen to support" and said the agency was continuing to work closely with the management team on international expansion plans.
Earlier this year, Supplierforce acquired The Clearview Group, a procurement services provider, to form a total, end-to-end strategic supply management solution provider, combining hosted technology, professional and managed services.
Pictured: Declan Kearney, CEO of Supplierforce