Chaos or Efficiency in the Procurement Process? How much is this Hurting Your Bottom Line? Entrepreneurs can operate in chaos and many thrive in it. As a business grows systems are developed to manage key parts of the operations. Procurement is often the last area to be addressed. Based on my experience many businesses even […]
Knowing Controllable Spend Is Fundamental to Producing Verified Savings The very first question that I will ask a prospective client is: What is your controllable spend? The second question is: What is the total of the verified savings your group achieved in the past 12 months? The answers that I receive are indicative of the […]
Incenting Your Sourcing Team to Identify Procurement Savings Opportunities Companies that are able to reduce costs are generally looked on favorably by the market. CFOs and CPOs who are able to reduce costs will stand out from their peers. Often the solution to reduce expenses is headcount reductions and this can lead to a number […]
Not Just Paying at the Pump: How Gas Prices Affect the Price of Everything Gas prices have fluctuated wildly over the past several years. After the economic crisis of 2008, prices went from 4 year lows to all-time highs in a matter of just several months. Over the past year or so, gas prices have […]