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A Case Study in Cost Cutting: Optimizing Vendor Management
Info-Tech Research Group, January 2009, Pages: 9
Recent research indicates that there is significant value for organizations in regular vendor management. However, few businesses actually pursue it or reap the benefits from doing so.
This case study, based on Company X’s real world experience, includes the following:
-A brief description of Company X’s environment and cost cutting mandate.
-Areas where major problems and opportunities existed that impacted organizational costs.
-An in-depth look at how Company X resolved the problems at hand and reduced annual costs.
This case study reviews one mid-sized enterprise’s simple and relatively painless strategy. The result was a reduction of annual costs by $90,000 with an additional $50,000 saved on travel expenses.