Understanding supplier's costs is a powerful lever in procurement negotiations.
Jan 4, 2024 - In order to identify cost-reduction opportunities and capture savings, understanding supplier's costs is a powerful lever in procurement negotiations.
Define a negotiation strategy for each segment of the gap between "quoted cost" and "could cost".
In the quest for cost savings, increased control, greater business value and high performance, senior executives from nearly every industry are turning their attention to their procurement function. Why? Because for the average business, supplier expenditure represents 70-80% of annual revenues. So even small percentage reductions in that cost base can have a big impact on profitability. At EPG, we help our clients to spend that money wisely and well.
Using should-costs to reduce does-costs.
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Procurement Outsourcing
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