Success can breed complacency. I’ve seen profitable companies stick with their main suppliers for years without questioning prices – until a second supplier reveals the shocking truth.
Real examples from my experience:
Raw Material A:
• Reduced cost by 30.8% through supplier diversification
• Weekly savings grew from R216,000 to R1.08 million as business expanded
• 8-year impact: Over R280 million saved
Raw Material B:
• Achieved 23.5% cost reduction with alternative supplier
• Monthly savings reached R405,600 at peak volumes
• 6-year impact: Over R21.8 million saved
Combined savings: R300+ million
The lesson? Your “trusted” supplier might be your biggest profit leak. A second supplier with equal quality doesn’t just provide backup – it provides transparency.
At BICISA, we help businesses discover these hidden opportunities through strategic procurement and supplier diversification.
Don’t let comfort cost you millions.