We had a fascinating story shared with us recently of a national company that decided to check on some non-inventory costs. For the ‘sake of efficiency’, they authorise their State Managers to engage with local suppliers for non-core products and services. When the...
Outsourced CFOs bring strategic financial expertise that can transform your business operations. One significant way they deliver value is by meticulously reviewing your supplier arrangements. Here’s how this approach can save your company tens of thousands of...
Grow Revenue or Manage Expenses? Which Is Best? Businesses often grapple with the question of whether to focus on growing revenue or managing expenses to improve profitability. While both strategies are essential, the immediate benefits of lowering costs make it an...
Evaluating supplier proposals involves a methodical approach to ensure optimal decision-making. Here's a step-by-step guide to effectively rate and weight supplier proposals to derive the best value: 1. Establish Evaluation Criteria Identify key factors such as cost,...
When managing supplier relationships, businesses must choose strategies that align with their goals. Supplier evaluations, comparisons, and negotiations are key approaches, each with unique advantages depending on the situation. 1. Supplier Evaluations This is a...
Personal Record vs Team Performance I was fortunate today that I was there to witness Brisbane Bullets Import James Bateman set a new NBL personal scoring record of 51 points. Happily, it came with a Win for the Bullets team vs Perth Wildcats, but it got me thinking...
