Expense Reduction Insights, Supplies
Before I dig in too deep, I just want to cover “group purchasing organization” (GPO) basics. They were created as a mechanism to increase buying power by lumping two or more agencies/companies together. Some may have minimum participation requirements, but all GPOs...
Expense Reduction Insights, Supplies
If your company is involved in manufacturing, most likely you are involved in packaging. The cost impact of your packaging is reflected on many lines of your financials. Two large impact areas include: Material Specs – This is the most fundamental part of the...
Cost Management, Expense Reduction Insights, Supplies
“Failure is not fatal, but failure to change might be.” – John Wooden Recently, I was researching spend analysis and came across a study completed by the Aberdeen Group. Although the findings were released September 2004, I believe they are still very...
