All posts in cost savings

It’s 5 O’Clock. Do You Know Where Your Cost Savings Are?

In procurement, we celebrate the achievement of cost savings.  Like when we conduct strategic sourcing or engage in a negotiation and end up paying a lower price for a product or service than we did last year. Don’t miss updates on Procurement & Supply Chain, Subscribe here! Of course, that’s great.  And, instinctively, we know that our cost savings helps our…

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Fleet Basics

Special thanks to Source One Management Services for this guest post Don’t miss updates on Procurement & Supply Chain, Subscribe here! With volatile cost components like fuel and regionally variable maintenance labor rates, fleet operations can be an intimidating area to source and identify savings while maintaining program consistency. Where does one even start? After conducting multiple fleet sourcing initiatives…

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Why Direct Spend Procurement Cost Savings Matters More

I hope that you enjoyed the article “10 Strategic Procurement Ideas.” Don’t miss updates on Procurement & Supply Chain, Subscribe here! The first idea was “Reduce costs in a way that enables your organization to price its products/services more competitively.” I phrased this point in this manner because it is finally time to address some questions procurement professionals have been…

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