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..

Before Initiating a Complex RFx – Consider These 5 Questions

Wednesday, July 9, 2014 , business management, by Rich Rafdahl

Prior to embarking on any new bid or negotiations effort, there are 5 main factors that should be considered in order to determine what is working in your favor and if it is prudent to proceed. For example, there may be a genuine need to do an in-depth analysis, issue a bid and negotiate a  Read More..

8 Ways to Reduce Your Inventory Investment

Thursday, October 31, 2013 , Cost Reduction, by Rich Rafdahl

One of the most challenging aspects of procurement and supply chain management is inventory control.  In larger organizations these two responsibilities are often managed by separate staff.  The purchasing staff is responsible for costs, contracts, negotiations, supplier selection and evaluations, market knowledge, new products, new services and future trends.  The inventory management team is typically responsible  Read More..