I hope that you have enjoyed the article \u201cCost Reduction Ideas (Beyond Sourcing) \u201d with its four cost reduction ideas and it\u2019s accompanying podcast that includes an additional three cost reduction ideas. All of these cost reduction ideas were geared towards situations where switching suppliers is not practical or a suboptimal alternative.<\/p>\n
Don\u2019t miss updates on Procurement & Supply Chain, Subscribe here!<\/p>\n
Because of the potentially knee-jerk \u201clet\u2019s switch suppliers\u201d approach to cost reduction, I wanted to highlight the alternatives to sourcing. And like so much of what I teach, it\u2019s not so much knowing the tactics, it\u2019s moreso applying the right tactic in the right situation.<\/p>\n
To help you understand which situation to apply which tactic, I\u2019ve prepared the following 2\u00d72 matrix. The tactics covered in \u201cCost Reduction Ideas (Beyond Sourcing)\u201d fall into the \u201cCollaborate\u201d quadrant.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
I hope that you have enjoyed the article \u201cCost Reduction […]<\/p>\n","protected":false},"author":12,"featured_media":4104,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2577","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-procurement"],"yoast_head":"\n