Even in the face of rising costs and inflation, costs can still be controlled.
Dave Wenig is the Senior Vice President of Sales and Services at SafeSourcing Inc
If you talk with some executives or purchasers, they will tell you that now is not the time to work on controlling costs. Interestingly, some of those folks have now been saying that for years. Let me tell you a little secret – they are wrong. That opinion is costing their organization a fortune.
I do not intend to tell you all the categories for which we are still out here reducing costs, but I will tell you a few. The truth is, there are ways to control your costs that go beyond just reducing costs. Controlling costs can be just as effective.
These are a few areas where we are still consistently reducing costs:
- Paper Coffee Cups
- Waste Removal
- Equipment Rentals
- Plastic Cutlery
- Print Fulfilment
- Bottled Water
- Retail Displays
As I said, cost reduction is not the only way to control costs. Other overlooked areas where an RFP or RFQ process can improve your cost control capabilities exist too. If you want to learn how other are using index language, multiple vendor awards, and other tactics to better protect their organizations against cost increase, let us know and we can focus on that next.
For more information, please contact SafeSourcing.