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.

DSCN0055It focused on smart strategies and tactics that could help reduce the costs and cash flow challenges associated with an inventory investment.

Link – http://www.digikey.com/supply-chain-hq/us/en/articles/cost-reduction/using-supplier-negotiation-tactics-to-reduce-costs/1611

Leave a Reply

Your email address will not be published. Required fields are marked *

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

Subscribe to Our Blog

Name
Email Address*