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A problem that will not go
away by itself!
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Caught in a vise of relentless competition and a weak economy, companies and non-profits have
outsourced, “right-sized”, restructured, re-priced, re-designed processes, renegotiated, and searched
for other ways to revive withering bottom lines for three years.....For most companies, revenue is good
but improved profit and cash is better.
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In the
long run, the public supplier marketplace will evolve into a number of technology models that will
transform the way businesses buy from their suppliers.....IEM Group believes
that 80% of improvements are available with limited technology improvements.
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....The easy action is to
outsource. The wisest action is to consider how to outsource correctly and what to outsource verses
keeping functions in-house. Most companies will need help through this process.
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...Like many good ideas and
fads, not understanding when, why, how, and with whom frequently leads to disappointing results.
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We all know what indirect expenses are –
basically any payables expense that does not fall into direct costs of manufacture. The challenge is
that every function has responsibilities for spend...
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