Source One Round Up: June 17, 2016
Here's a look at where Source One's cost reduction
experts have been featured this week!
aNEW 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.
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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