Welcome To
The Bottom Line

SRM Perspectives on Key Industry Trends

Evaluating Your Corrugated Vendor Contracts

Posted by Jim Kurtz on Mar 12, 2021 8:00:00 AM

In today's challenging market environment, reducing packaging costs is essential. It may not occur to most companies to look at their corrugated supply vendor agreements for potential cost savings — but it should. Strategic Resource Management (SRM) understands these contracts, and we work with companies every day to locate and capture these savings. Working in partnership with our customers, we often reduce annual corrugated costs by double digits.  

Read More

Topics: Manufacturing, Vendors & Contracts

Checking Your Blind Spots in Vendor Negotiations

Posted by Jim Kurtz on Feb 9, 2020 4:30:00 PM

In our experience, whether it’s a packaging, transportation, temp labor, or a telecom agreement, saying “no changes, here’s my signature” is a classic blunder.

Why?

Read More

Topics: Manufacturing, Vendors & Contracts, Contract Management, Contracts

Budget Season: Two Tips for Seeing Vendor Contracts in 2020

Posted by Jim Kurtz on Sep 22, 2019 10:00:00 AM

Staring down the barrel of budget planning for 2020? For many managers working with a calendar-based fiscal year, the dog days of summer also mean the advent of the annual planning cycle. Given all the uncertainties in the past few quarters, odds are that department heads are being asked to “do more with less,” or at least step up output at a faster rate than costs.

Read More

Topics: Manufacturing, Vendors & Contracts, Contract Management, Contracts

Manufacturing Benchmarks to Implement to Improve Your Bottom Line

Posted by Jim Kurtz on Aug 27, 2019 10:26:16 AM

Manufacturing Benchmarks to Implement to Improve Your Bottom Line

Read More

Topics: Manufacturing, Contract Management, Contract Tracking, Tracking, Vendor management, Benchmarking, Automation, SRM TAB, Auditing

Matching Regional Need With Regional Packaging Suppliers

Posted by Jim Kurtz on Jul 31, 2019 10:00:00 AM

Packaging Supplier

Read More

Topics: Manufacturing, Strategic Sourcing, Packaging, transportation, converting, converters

Efficiency: One of Packaging and Transportation’s Biggest Hurdles

Posted by Jim Kurtz on Jul 10, 2019 9:00:00 AM

packagingblog_img(1)

In any aspect of business, achieving a sense of efficiency—balancing effort, time, and money to achieve the best outcome—is hard work. This is a particularly unique challenge for packaging and transportation. From excess headspace to improperly scheduled routes, to simply being unaware of emerging shipping and packaging solutions, it’s easy for a business to unknowingly lose thousands of dollars and valuable resource hours per year.

Read More

Topics: Manufacturing, Strategic Sourcing, Packaging, transport

How to Navigate Outbound Freight: It’s Much More than Getting Goods from Here to There

Posted by Mark Mrva on Jun 16, 2019 3:00:00 PM

Read More

Topics: Manufacturing, Technology, Freight,, transport

After The Vendor Contract Is Signed, The Real Work Begins

Posted by Jim Kurtz on Apr 23, 2019 8:00:00 AM

Vendor Contracts

Negotiating new vendor agreements might be the part of the supplier contract process that garners the most attention, but it’s the careful attention to detail after the contract is signed that promises will deliver hard-fought savings. We don’t mean to say that vendors are always looking to pull one over on you after you have signed on the dotted line. Honest, human errors do occur on both sides of the contract, and maybe more often than we’d like to think.

Read More

Topics: Insider, Manufacturing, Vendors & Contracts

Vendor Relationship Best Practices to Maximize Value

Posted by Strategic Resource Management on Oct 5, 2018 9:00:00 AM

All manufacturers want to get the best possible deal from their suppliers. However, the definition of “best” is subjective. Every partnership has different goals and non-negotiable points. We’ve found that before starting the contract negotiation process, a cross-functional team is well advised to invest the time to decide what it wants and needs from the relationship.

Read More

Topics: Manufacturing, Vendors & Contracts

How Can Small Manufacturers Tap Into the AI Revolution?

Posted by Lawrence Pruss on Aug 22, 2018 10:00:00 AM

iStock-925078944 (1)

Artificial Intelligence (AI) is on everyone’s mind in the manufacturing industry. The nation’s largest companies are investing in this technology, and countless startups are working feverishly to stake their claim to various use cases. While AI is often positioned as a threat to human jobs, it can actually enhance how humans serve customers in many ways.

The big corporations have an inherent advantage in harnessing AI to their benefit. AI runs on data, and they simply have more of it. They have hundreds of thousands of customers. They also have more resources – both dollars and full-time employees – to utilize and monitor AI. This doesn’t mean there’s no hope for smaller businesses, though. Data can be pooled and anonymized across groups of smaller manufacturers, generating many of the same powerful insights.

Read More

Topics: Manufacturing, Vendors & Contracts