Cost reduction is a process used by businesses to reduce overhead and expenses and increase the bottom line. The strategies can vary depending on the complexity of a company’s spending, the number of vendors, t...
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With inflation and economic uncertainty dominating the headlines, when do you ask yourself the important questions: Why are we trying to do everything in-house, and when do we start looking outside to expert...
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When focusing on cost reduction strategies, a successful asset management solution can provide significant savings. Not just financially, but also when it comes to saving time and lots of headaches!  ...
A team mentality must be brought to the contract development and negotiations phase. In too many companies, outsourcing contracts are left to purchasing, legal, and senior executives, then assigned to the manag...
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Vendor management is a repeatable, effective method for developing and monitoring third-party providers of goods and services. It is also a way to derive as much VALUE as possible from contracts and build mutua...
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Dear Business Leader, As a business owner, you deal with stressful situations all the time. We are, however, in uncharted waters. Are you struggling to find a way to navigate through this painful cycle? Many ex...