Source One Round Up: June 17, 2016

Here's a look at where Source One's cost reduction
 experts have been featured this week!

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NEW BLOGS:
What's the problem with volume commitments?
It seems like a win-win: you just signed a contract that scores you discounted pricing, as long as you commit to a set volume each year. At first pass, the agreed upon volume seems reachable, however, agreeing to year-over-year volume increases can easily get out of hand - unnecessarily increasing spend over time. This week, Source One MRO category expert and 30 Under 30 winner, explains what to look out for when agreeing to volume commitment. 

NEW PODCASTS:
Spend Analysis Series Part I: Where to Begin
Looking to cut costs but don't know where to begin? The answer is to conduct a spend analysis. Through data collection, standardization, and classification, you can gain a clear picture of your company's spend profile. A clear view of spend patterns and history can bring to light savings opportunities. Source One's spend consultant and strategic sourcing expert, Jennifer Ulrich, walks us through the process of conducting a spend analysis. Kicking off the series, Ulrich explains how to get started in the data collection process and pitfalls to avoid when assessing GL and accounts payable data. 






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