By Maris Listello
What is the one thing that every company is focused on in this economy? Cost Savings. Unfortunately, suppliers can only reduce their prices so far, and for many companies additional savings are needed. But suppliers offer savings well beyond price reductions. Your suppliers have hundreds of products and services that can reduce costs other than price alone. The trick is to ensure the savings are real.
This webcast will be broken into two parts: The first part will look at proving that total cost is real, is measurable, and can help you to reduce operating costs and improve profitability. The second part will show you how to measure, track and compare suppliers on a total cost basis. And not just the savings--We will also show you how to calculate the ROI and payback periods on the opportunities your suppliers provide.
In effect, this webcast is about learning how to make sound financial decisions around your supplier chain based on total cost. It is about using your supply chain to achieve a competitive advantage. It is about reducing total operating costs and becoming more profitable.
Todd Snelgrove, Global Manager, Value, SKF
Tim Underhill, President, Strategic Business Solutions
Susan Avery, Editor My Purchasing Center
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