Did you know that by 2025, 1.8 billion more citizens of Earth will join the global consumer class? That’s right — 1.8 billion more customers — extremely exciting for your future ROIs. The global population is expected to reach 8.1 billion by 2025. The earth, on the other hand, is not expected to gain any…continue reading
10 Steps to Better Purchasing Management
Determine how & where spending has occurred by vendor or vendor type to gain a better understanding where savings opportunities exist. Use the information to aggregate spend across the organization, leveraging volume for improved pricing & increased efficiencies. Know your vendors & optimize supplier relationships. Develop vendor expectations & selection criteria based on historical vendor performance…continue reading
