No matter how big or small your business is, you have to be proactive and strategic about your indirect spend. Left unchecked indirect, or “unplanned spend,” can quickly become a formidable obstacle. In today's video,.
If you're reading this -- congratulations -- you and your organization are already ahead of your peers. Group Purchasing Organizations (GPOs) are one of those best-kept secrets that all businesses should know about. The.
It’s no secret that the market prices for goods and services for business operations continuously shift, ebbing and flowing. However, most companies are locked into vendor contracts at a fixed point, rarely to be.
Working out a supply chain strategy is like doing a 5,000-piece puzzle. You might spend weeks fitting the pieces together and still feel like you have only half of the picture. When you’re sorting hundreds of contracts.
Contract Negotiation Strategies for Nonprofits As a nonprofit, every dollar you spend on operational costs is one you can’t spend on fulfilling your mission to help others. When business costs begin to get in the way of.
Supply chain leaders can learn from Chinese e-commerce goliath Alibaba Group’s groundbreaking ideas, particularly when it comes to lowering costs and differentiating their operations. In just a few years, Alibaba, which.
Managing supply chain and procurement is one of the best ways a hotelier can increase profits and minimize losses, but it's tough to do it well. A hotel must manage hundreds of SKUs. With so many products to buy, it's.
Although cloud technology has been around for almost 20 years, supply chain professionals are relatively hesitant to migrate their systems. Paul Smith, a major British fashion retailer, is a comparatively early adopter.
GPO services save group purchasing organization members money on the everyday costs associated with running a business. This can include the costs of small package shipping, office supplies, food distribution, hotel.
Hidden Costs in Business Contracts Your suppliers want to help you deliver to customers, but they also need to turn a profit. How do you maintain a strong relationship with suppliers while ensuring both of you benefit?.