A Business Investment That Could Pay Huge Dividends

Monday, August 19, 2013 , ISM Certification, by Rich Rafdahl

As we are all aware, the single greatest asset with any business is their employees.   The very best companies make an intentional and continued investment in their team’s training and education so that their knowledge is advanced, their skills are sharp and they are well informed as to the most current issues, trends and cutting edge technologies and tools.

DSCN0054_edited -1Many companies make a conscious effort to train their sales staff and management team for best practices – which is a great investment. On the other hand some organizations may not be aware that there is also a formal training and certification program available for the purchasing and supply chain staff too.   Keep in mind that most purchasing staff are responsible for more than 80{fd764c423169b107d7473585cb974f0964537b0b8c5dab730771f487497f0bbc} of a companies spend – which is significant for most businesses.   Wouldn’t it be a prudent strategy to provide your buyers and inventory control people every opportunity to be the very best they can be which would enhance their effectiveness, productivity and potentially transform the department into a profit center.  We all know that having the best, brightest and most well trained staff can be a significant competitive advantage.

If your company would like to elevate your purchasing team the Institute for Supply Management, or ISM, offers courses tailored to purchasing, supply chain and supply diversity.  The ISM Certification courses include best purchasing practices, international buying, negotiations, contracts, sourcing, supplier evaluations, contracts to name a few and are available in most large metropolitan areas.   In addition, the ISM is a tremendous resource for information, current business news, market trends and purchasing support.   In fact, the ISM’s monthly service and manufacturing indices are tools the United States Federal Reserve, Wall Street, most economists, large businesses and investors track to determine if our economy is gaining strength or slowing down.  In short, the ISM is a very credible organization with some of the best Procurement and Supply Chain Management minds in the field.   To learn more about the ISM please visit their site at http://www.ism.ws/.

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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