Efficio Consulting: World’s Largest Procurement Consultancy
Efficio empowers organisations worldwide to reduce costs, improve internal processes and upskill their procurement teams to realise cost savings quicker. The firm aims to ensure savings are measurable and sustainable, while delivering greater value for businesses long-term.
Efficio’s key differentiator is eFlow, a proprietary procurement technology and knowledge platform built and deployed by practitioners. eFlow automates data insight generation, supports savings delivery, facilitates strong supplier partnerships and manages supply chain risk by enabling its clients to leverage a plethora of procurement intelligence and best practice on demand.
Efficio serves a range of different industries, including: Construction and Infrastructure, Energy and Utilities, Financial Services, High Tech and Telecoms, Logistics, Manufacturing, Media, Publishing and Events, Pharma and Healthcare, Public Sector and Retail, Food and Hospitality. Its services are centred around: cost optimisation, organisational and process transformation, risk reduction and M&A.
One of Efficio’s key areas of focus is in Supplier Relationship management. Its SRM methodology is proven across sectors and is tailored to individual requirements.
Efficio supports organisations where:
- There is no formal SRM process, or a number of different approaches and processes across the business.
- Supplier managers are confused about the process and its objects, as well as lack of required skills and tools.
- Key suppliers are underperforming, with no consistent way of monitoring or resolving the issues.
- Strategic supplier relationships have deteriorated back into a transactional mode.
- Strategic suppliers find the relationship difficult or frustrating.
Efficio has listed the key challenges its customers primarily face:
Efficio’s solution: Track and validate invoiced prices and specifications against rates throughout the contract to present a real understanding of bottom-line savings. Provide supplier oriented dashboards for quick decision making, quickly summarising Big Data in impactful ways.
Efficio’s solution: Create sophisticated technology to process the increasing amounts of data, improving the quality, accuracy and speed of the analytics produced.
Efficio’s solution: Being able to use the same application to repeat a strategic sourcing process offers the ability to accelerate the process of resourcing the category.
Efficio’s solution: Store all data from OA to ongoing management providing a vast amount of information which can be classified for benchmarking and comparative purposes. The Efficio practitioner expertise is integral to interpreting raw data into valuable models.
Efficio aims to make procurement functions twice as effective and empower them to deliver more with their own teams to become high-value generating functions for their businesses. The results are greater cost savings delivered faster and more sustainable, allowing your organisation to operate more efficiently and compete more effectively.
EU and US agree end to Airbus-Boeing supply chain tariffs
The EU and US have agreed to resolve a 17-year dispute over aircraft subsidies, suspending tariffs on billions of dollars' worth of goods that have plagued procurement leaders on both sides of the Atlantic.
Under an agreement reached by European Commission Executive Vice-President Valdis Dombrovskis and US Trade Representative Katherine Tai on Tuesday, the tariffs will be halted for a period of at least five years.
It will bring an end to punitive and disruptive levies on supply chains that have little to do with the argument, which became embroiled in the trade battle. Businesses on both sides of the dispute have been hit with more than $3.3bn in duties since they were first imposed by the US in October 2019, according the EC.
The US imposed charges on goods upto $7.5bn in response to a World Trade Organisation ruling that judged the EU’s support of Airbus, its biggest aircraft manufacturer, unlawful. A year later in November 2020, the EU hit back. The WTO found the US had violated trade rules in its favourable treatment of Boeing, and was hit with EU duties worth $4bn.
In all the tariffs affected $11.5bn worth of goods, including French cheese, Scotch whisky, aircraft and machinery in Europe, and sugarcane products, handbags and tobacco in America. Procurement leaders on both sides of the fence were forced to wrestle with tariffs of 15% on aircraft and components, and 25% on non-aircraft related products.
Boeing-Airbus dispute by the numbers
- The dispute began in 2004
- Tariffs suspended for 5 years
- $11.5bn worth of goods affected by tariffs
- $3.3bn in duties paid by businesses to date
- 15% levy on aircraft and 25% on non-aircraft goods suspended
Both sides welcome end to tariffs
European Commission President Ursula von der Leyen branded the truce a “major step” in ending what is the longest running dispute in WTO history. It began in 2004.
“I am happy to see that after intensive work between the European Commission and the US administration, our transatlantic partnership is on its way to reaching cruising speed. This shows the new spirit of cooperation between the EU and the US and that we can solve the other issues to our mutual benefit,” she added.
Both aircraft manufacturers have welcomed the news. Airbus said in a statement that it will hopefully bring to an end the “lose-lose tariffs” that are affecting industries already facing “many challenges”. Boeing added that it will “fully support the U.S. Government’s efforts to ensure that the principles in this understanding are respected”.
The US aerospace firm added: "The understanding reached today commits the EU to addressing launch aid, and leaves in place the necessary rules to ensure that the EU and United States live up to that commitment, without requiring further WTO action."
This week’s decision expands upon a short-term tariff truce announced in March this year. The EC says it will work closely with the US to try and further resolve the dispute, establishing a Working Group on Large Civil Aircraft led by each side’s trade minister.
Airbus last month signalled to suppliers that post-pandemic recovery was on the horizon, telling them to scale up to meet a return to pre-COVID manufacturing levels. “The aviation sector is beginning to recover from the COVID-19 crisis,” said Airbus chief executive Guillaume Faury, adding that suppliers should prepare for a period of intensive production “when market conditions call for it.”