PRICING

Once we implemented a program that instituted lean and six sigma tools 1. Define 2. Measure 3. Analyze 4. Improve 5. Control and philosophies throughout our entire procurement chain, lowering our costs by 12%.

We take time to see things from the supplier’s perspective and make sure we are a good customer base while getting the company’s needs met.

We regularly read the latest trade publications, and we are always on the lookout for new ideas, especially in procurement strategy development.

We had a supplier with repeated late deliveries. We used a sticks-and-carrots approach to get them to deliver on time. In the meantime, we searched for a more reliable supplier to give our business to.

We did not properly oversee a large-scale purchase, and it went over budget. We studied our mismatches and figured out what happened so that it wouldn’t occur again.

We will use our connections with other suppliers or vendors to find the best one, we typically research our current vendors or those we've worked with in the past. We will contact individuals with products related to the ones we are trying to obtain.