Author name: Chad

Your Expense Category Manager Doesn’t Use Standardized Bid Response Templates To Ensure That All Prospective Vendors’ Offerings Can Be Easily Compared On A Like-For-Like (Apples To Apples) Basis When an expense category manager requests bids from six or more vendors, the request packet includes detailed criteria needed to fulfill their product/service requirements.   The bid …

Profit Siphons Are Stealing At Least $227,325 From Your Operating Budget – Reason # 18 Read More »

The Expense Category Manager Doesn’t Commit To An “At Least” Or “Worst Case” Hard Dollar Cost Reduction Figure Before Investing Labor Resources Analyzing An Expense Category’s Costs Nearly any indirect spend category can be improved to some degree with attention and effort.   The questions is, do you want to get the very best value …

Profit Siphons Are Stealing At Least $227,325 From Your Operating Budget – Reason # 19 Read More »

In Conclusion If any of the 19 Profit Siphons mentioned in this report have resonated with you, your company will benefit from a lost profit analysis.   In fact, if multiple categories resonated, the case for you having significant profit recapture potential is even stronger.   As I’ve previously mentioned, any indirect expense category can …

Profit Siphons Are Stealing At Least $227,325 From Your Operating Budget – In Conclusion Read More »