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Profit Siphons Are Stealing At Least $227,325 From Your Operating Budget – Reason # 11
- August 20, 2018
- Posted by: David Cantliffe
- Category: Cost Reduction, Profit Leakage, Profit Recapture
No CommentsThe Incumbent Vendor Has Been In Place For More Than Three Years This may just be a result of item 10 above. Either way, all the issues just mentioned are the same. The most important issue is the paragraph about the vendor implementing profit escalators. Although I previously mentioned this, it’s worth repeating because of
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Profit Siphons Are Stealing At Least $227,325 From Your Operating Budget – Reason # 10
- August 13, 2018
- Posted by: David Cantliffe
- Category: Cost Reduction, Profit Leakage, Profit Recapture
The Expense Category Manager Hasn’t Completed A Detailed And Thorough Vendor Analysis Of The Expense Category For Over Three Years Because a thorough expense category analysis has many moving parts and is very detailed and time-consuming, it’s understandable that it’s not on top of most expense category managers’ “To Do” lists. Typically, the current vendor
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Profit Siphons Are Stealing At Least $227,325 From Your Operating Budget – Reason # 9
- August 6, 2018
- Posted by: David Cantliffe
- Category: Cost Reduction, Profit Leakage, Profit Recapture
The Expense Category Manager Doesn’t Know How The Vendors’ Motivations Change Throughout The Year From personal experience as a vendor, I know that vendors’ motivations change throughout the year. Any vendor welcomes adding a new customer at any time during the year, yet there are incentives invisible to you that motivate vendors differently throughout