Revenue Growth Vs. Cost Savings – Can’t They Co-Exist?

Friday, March 28, 2014 , business management, by Rich Rafdahl

With the most recent economic downturn and slow recovery, we have all witnessed either personally or with companies we know well an abrupt transition from revenue growth and sales driven entities to lean and mean, cost cutting organizations and now possibly back again to revenue growth. This pendulum, depending on the market and economic conditions,  seems to swing in one of these 2 directions which  Read More..

THE ART OF SELECTING THE RIGHT PERSON FOR THE JOB

Saturday, March 1, 2014 , business management, by Rich Rafdahl

Identifying and selecting the very best individual for a key role within the company can be the ultimate challenge .  When considering candidates for a critical position, I have always felt a little uncomfortable basing my decision solely on a resume and 45 minute interview.  As a manager over the years who has hired many talented individuals and  Read More..

The Three “Cs” of Procurement Cost Reductions

Monday, February 17, 2014 , Cost Reduction, by Rich Rafdahl

A recent interview with Richard Rafdahl, President of Cost Reduction Specialists Inc., regarding Spend and Inventory Management Strategies that was published by Digi-Key Corporation (Supply Chain Headquarters). http://www.digikey.com/supply-chain-hq/us/en/articles/cost-reduction/the-three-cs-of-procurement-cost-reductions/1617  Read More..

6 Reasons Why Businesses Should Consider Procurement Outsourcing

Tuesday, January 21, 2014 , Cost Reduction, by Rich Rafdahl

With the customer and market demands associated with most industries changing rapidly, it is critical that an organization’s best people remain focused on the business at hand while preparing for future opportunities. Within the procurement area this is especially true. It is crucial that the purchasing staff ensure your company is receiving the best value,  Read More..

Using Supplier Negotiation Tactics to Reduce Costs

Monday, January 13, 2014 , Cost Reduction, by Rich Rafdahl

The following link is a recent article that was published by Digi-Key Corporation – Supply Chain HQ based on an interview with Richard Rafdahl, President of Cost Reduction Specialists, by freelance journalist Ms. Bridget McCrea. It focused on smart strategies and tactics that could help reduce the costs and cash flow challenges associated with an  Read More..

Did You Know!

The Boston Consultant Group concludes that a 5% reduction in procurement costs is the bottom line equivalent to increasing sales by 30%.

CRS offers its services on a contingency basis, with our fee tied to the savings secured and approved by the client.

CRS focuses on reducing the Total Cost of Procurement (TCOP) while maximizing value with key suppliers. This includes negotiating improvements in quality, services, performance requirements, terms, incentives & price change methodology.

CRS will manage all information with utmost respect and confidentiality.

CRS can develop and facilitate Reverse Auctions and complex RFQs, RFPs, RFXs and RFIs.

CEO of a film manufacturer said “What appealed to me initially was that CRS’s offered expertise in procurement and supply chain on a performance basis - contingent on results, with no risk. Within 6 months CRS provided savings in excess of $1 million".

CRS has assisted various manufacturers and distributor organizations in the food, packaging, spirits, electronics, computer, cosmetic, furniture, metals, services & construction industries to reduce their costs & increase savings.

“Cost Reduction Specialists were very easy to work with and helped us achieve savings in many areas including telecom costs, credit card processing fees, office supplies, distribution supplies and other indirect costs”- Controller Furniture Business

“CRS negotiated significantly lower prices for our temporary labor, labels and corrugated cartons programs resulting in savings that exceeded $400,000”. VP of Finance – Food Processing Organization

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