Lloyd Group Makes Substantial Savings With the Help of Totalpost
Thursday, August 16, 2012
Press release from the issuing company
The Group Property division of Lloyds Banking Group (Group Property) has today revealed that working with leading postal services and equipment company, Totalpost Services Plc has led to significant savings across the business.
The Group began working with Totalpost in 2008 to streamline postal supply services, to consolidate the number of suppliers being used and to reduce costs.
These savings have been made through the following steps.
Machinery audits and redeployment
Postal ink savings
Totalpost is able to offer these savings as it manufactures the cartridges in-house through a combination of customised cartridge moulding and recycling along with the use of specially sourced franking ink that complies with Royal Mail specifications. This has led to Totalpost becoming one of the largest franking machine cartridge manufacturers in Europe.
Additional savings were made through the utilisation of Totalpost's “on demand ordering” service for consumables. This service gives customers the option to order consumables up to 4pm on any working day and receive them the next day. The Group Property division of Lloyds Banking Group utilised this service to reduce large centralised stocks to zero thus removing waste and the danger of accruing out of date stock.
Talking about the relationship, Kevin Phillips, senior facilities manager within Group Property at Lloyds Banking Group says: “As well as supplying a service that is second to none the advice that Totalpost has given us in regard to best practice of use and re-use of machinery and the best deployment of it has been invaluable. Working with Totalpost has led to savings across the board. The combination of the next day supply of consumables along with the stock reduction and waste reduction led to cost savings of up to 55%.”
Commenting on Totalpost’s approach to the project David Hymers, chairman and managing director of Totalpost says: “We pride ourselves on being the most knowledgeable suppliers in the marketplace and work hard to ensure that our clients get the best service possible. The service that we supply to clients who engage with us (as Lloyds Banking Group have done), can benefit from similar levels of massive cost savings, efficiencies and a clean, simple and honest “open book” relationship.”
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