The Hackett Group's Chris Sawchuk sits with My Purchasing Center to discuss procurement's evolving value amid uncertainty, new priorities (contributing to innovation and revenue generation) and outsourcing to build new capabilities.
Even if your budget or space don’t allow for big-time perks such as a gym, you should be giving your employees something on the job. Everyone likes something for free, and coffee provides many benefits beyond that. As one of the most widely consumed beverages in the world, coffee gives your employees a creativity and productivity boost and also just might encourage them to be better friends. Don’t skimp when it comes to employee morale.
While most Fortune 500 companies have started procuring managed print services worldwide, enterprises have little visibility of best practices and negotiation methodologies followed during the procurement process. Managed print services have evolved from a simple CPP (cost per page model) to different models like Base + Click and Base + Consumables.
Don’t take a supplier’s analysis for granted. If they are telling you a price increase will have a negligible difference, do your own research before committing to anything. Understand exactly how it will affect your bottom line to avoid any surprises down the road. Similarly, you should ask for SKU-level information on all price increases to understand how these increases will translate into higher costs for your business.