7 Common Profit Leaks and Cost Savings Opportunities

Tuesday, December 12, 2017 , business management, by Rich Rafdahl

The following are a number of common cost improvement opportunities that I have witnessed when working with my various clients.   This list, by no means, covers all the potential situations where unnecessary costs may exist and savings are possible but it is a good starting point.   My hope is that what I have shared here  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..