Case Study
Breakdown/Overview STF Precision
Overview
STF Precision acquired by GWS tool group is a manufacturer that produces high-quality diamond-tipped cutting tools. They excel in manufacturing high-tolerance hard-to-produce cutting tools.
STF approached UMS seeking to lower their natural gas and electric bills through our off-site utility bill audit and analysis. Our analysts were able to obtain two years of historical billing data directly from
STF’s power provider and completed an in-depth analysis where there were several findings.
First, our team identified a billing error for which UMS was able to obtain a refund for STF for three
years of overpayment. Second, we were able to negotiate a new Power Purchase Contract with their
power provider resulting in annual ongoing savings.
All opportunities required no operational changes or capital investments, and UMS analysts continue to monitor their accounts to ensure no errors and the lowest cost structure possible.
“After getting the results of my analysis, I could not believe how much I was being overcharged by the power company. The expertise of the UMS team is extremely valuable, and they could save your business a lot of money. I highly recommend having them perform a risk-free audit, even if you’ve had one done before – and if they do not find savings, there is no charge.”
The Facts
- STF, a manufacturer of diamond-tipped cutting tools excelling in manufacturing high tolerance special and hard-to-produce cutting tools, is located in Asheville, NC
- STF reached out to UMS requesting an analysis of their utility accounts to potentially lower their utility bills
- UMS acquired two years of billing data from STF’s power provider and performed an analysis of their historical billing data
- Our analysts found a billing error and obtained a $20,000 refund for STF for three years of overpayment
- UMS also negotiated a new Power Purchase Contract with STF’s power provider resulting in $24,500 in ongoing savings
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in savings from a new power purchase contract UMS negotiated
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