What is a cost reduction strategy? Cost reduction is a process used by many companies reduce overhead and expenses and increase their bottom line. The strategies can vary depending on the complexity of a com...
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To answer this question, we need to understand the value that each of these services provides. VMS is an acronym for Vendor Management Solutions. A true fully managed VMS solution is one whe...
The Bill Audit is a point in time review of your past bills that will help you uncover savings from your indirect expenses. It is the process of taking a comprehensive look at the current state of an organizati...
Contracts are a critical piece of the puzzle when managing vendor relationships. They govern the relationships between a business and its vendors, its sub-contractors, its staff and its internal auditors. Th...
Vendor Management organizations are being asked to do more than ever before, including oversee new services, deal with troublesome suppliers/vendors and meet ever-increasing performance goals—all of this with l...