Category Archives: Contracting Challenges (Finances)
Don’t sweat the small stuff? Why industry experts point to Indirect Material Spend as an important reservoir of untapped savings!
With regard to costs, the conventional wisdom is that procurement should focus principally on the “big ticket” areas of spend, such as raw materials and energy. And, you certainly should devote attention to raw materials and energy – not just to reduce costs, but also to reduce volatility through better risk management. But, if you …
Fiscal realities and Government contracting (Part 4): Supplier cause and effect
It is a funny thing that as a writer when you put the virtual pen to paper you never really know what will or will not strike a note with your readers. All you can truly hope is that your passion for the subject matter coupled with sound research practices will prove worthy of consideration …
Bridging the disconnect between finance and purchasing (Part 3): EPS and the Swinging Pendulum of Responsibility
piblogger ♦ September 14, 2011 ♦ Leave a Comment
Now comes the fun part. The changes which are possible – based on what I’ve described so far, are identified in blue in the next figure. Revenues are shown to increase 3%, purchased goods and services costs (as a % of revenues) are reduced from 60% to 55%, and SG&A expenses as a % of …
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