- July 21, 2018
- Posted by: David Cantliffe
- Category: Cost Reduction, Profit Leakage, Profit Recapture
No Comments
The Expense Category Manager Doesn’t Know The Cost Of Goods For The Vendors’ Support Options
Knowing the vendors’ support options’ cost of goods enables you to evaluate which ones are most beneficial for your company in relation to their cost to the vendor. With this knowledge, you can estimate which ones will likely be agreed to without any increase in price.
If you have to negotiate further, you have the advantage of knowing how the support options rank in cost to the vendors.
You can mix and match the support options that best serve your company by knowing the impact on the vendors in advance.
Next week…Reason # 8