15% Cost Reduction
This customer, VTG, is the UK's largest private rail freight wagon hire company. Based in Birmingham, UK they operate a diverse fleet of over 1800 wagon types.
Customer Issue:
To save 15% of the annual cost it expended in all of its maintenance activities from planned and unplanned maintenance, procurement of spares and logistics.
Fishbone was engaged to develop a complex tender evaluation package to assist the client in their understanding the comprehensive supplier bids and assist in ultimate selection of the best supplier offer in terms of value for money, ability to deliver and cost.
Fishbone Solution:
- Development mathematical scoring system
- Define weightings and strategy values
- Commercial evaluation
- Strategy summaries
- Soft issues evaluation
- Life value modelling
Outcomes:
This project is ongoing with our client and making good progress towards achieving the savings.
