Without the benefit of automated vendor management solution, spotting these errors can be challenging. A vendor expense management solution captures, interprets, validates, and resolves billing issues, helping companies avoid the pitfalls of not only overpaying but wasting time looking for these errors. Validate you are paying only for what you have contracted!
NUMBER ONE. You need a rallying cry that is connected to people’s positive emotions. Therefore, it is important to obtain the support of frontline supervisors who are respected for their integrity, real-ism, and unique ability to motivate their people.
A short time later, they started sending me reports about how much money they would be able to recover for us where we had been over-billed and overpaid cable television bills. The Cottages really pays attention to our contracts and invoices, so this certainly surprised me. But I was quickly credited over $14,000 from Comcast for just that one thing. And then they went to work on contract renewals.
The best companies outperform because their strategies are clear, differentiated and well-articulated. Their organizational structures support key capabilities and have efficient decision making and talent in the right places. Most importantly, their culture of cost management extends to the front line.
Have your shipping manager constantly check and compare prices on shipping, negotiate better terms, and make sure that they save every penny they can. If you save a few pennies in shipping on each of your products then imagine the SAVINGS over time!