It’s a business concept engrained into the American psyche to the point of cliché – cut out the middleman, and save money. Heck, “I Can Get It for You Wholesale” was a hit Broadway musical starring Barbra Streisand way back in 1962. And the premise makes sense on the surface – with one less mouth to feed in the food chain, there’s more profit left for those still in the mix, right?
Topics: Vendors & Contracts
If your organization utilizes a strategic sourcing partner, than that relationship should extend beyond insuring the prices you pay vendors are consistent with what is being charged across the industry. A skilled sourcing expert can identify opportunities for process improvements that may have no influence on the invoice but will have a material impact on your bottom line.
Topics: Strategic Sourcing, Vendors & Contracts