Cost Savings

Procurement Saving Techniques

Review, Aggregate and Consolidate Purchase Requirements & Deliveries Review and Renegotiate existing contracts based Total Cost Avoid/Reduce Maverick Spend Optimize Supplier Base, Inventory, Centralized / Decentralized Purchasing, Catalog Purchasing Value Analysis & Value Engineering, Review Specifications Train and Educate procurement team Process Automation

Cost Savings

Should Cost Model

A should cost model is a documented calculation of an estimated price that you create by researching all material costs, labor costs, overhead costs, and profit margins that would apply to an item. Essentially, you are behaving as if you were responsible for manufacturing the item yourself. Application When buying a custom item that only one supplier can produce, using…

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