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Best Practices to Drive Cash Flow Back Into Your Business
May 16, 2018
One struggle that organizations continually face as they strive to remain competitive is reducing direct and indirect costs. While many are successful in driving down direct costs, long-held beliefs relating to the interactions between buyers and suppliers often make reductions in indirect costs a greater challenge. These supply chain misconceptions become obstacles to achieving indirect cost reduction and improved profitability. In order to achieve best practices, organizations must understand the misconceptions inherent in their procurement processes and combine that with an understanding of the supplier’s industry.
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