Are Tough Times Keeping You from Savings?

It’s a common cycle. Business is booming, so many companies find themselves too busy to devote time and resources to cost savings projects or process improvements. Business slows, and suddenly all eyes are on savings but with limited resources it can be difficult to implement impactful changes quickly.
 
The good news is, it’s never a bad time to make improvements. Initiatives implemented during slower times will yield even bigger savings when things are booming. Those implemented during busy times will help sustain companies through leaner ones. Putting off these improvements only guarantees facing the same challenges all over again when the cycle inevitably repeats itself.
 
A recent study by APICS and the University of Michigan identified the top critical issues as reported by supply chain managers from a cross-section of large, medium, and small companies. Capacity/resource availability, talent, and cost /purchasing issues were among the top challenges mentioned. So, for everyone feeling the crunch of trying to maximize savings with limited resources – you’re not alone.
 
Leaders in supply chain research point to consultants, freelancers, and alumni as critical sources of skill and support in order to maximize benefit and minimize cost. These talent streams also allow companies access to the most current skills and technology without the cost of full time head count. Whether these sources are in place of a permanent supply chain function within an organization or used to supplement on specific initiatives, the payoff can be significant.
 
How can Spend Right help? Whether it’s through spend analysis and cost savings project management, system implementation support, employee training, or process improvement, we bring value when and where you need it most.

Visit our website at www.spendrightinc.com to arrange a free consultation.