{"id":2820,"date":"2010-01-25T18:52:00","date_gmt":"2010-01-25T18:52:00","guid":{"rendered":"https:\/\/www.certitrek.com\/nlpa\/2010\/01\/25\/when-the-going-gets-tough-use-cost-savings-ratios\/"},"modified":"2021-07-27T07:17:57","modified_gmt":"2021-07-27T11:17:57","slug":"when-the-going-gets-tough-use-cost-savings-ratios","status":"publish","type":"post","link":"https:\/\/www.certitrek.com\/nlpa\/blog\/when-the-going-gets-tough-use-cost-savings-ratios\/","title":{"rendered":"When The Going Gets Tough, Use Cost Savings Ratios!"},"content":{"rendered":"<p>I hope that you have enjoyed the article \u201cHow To Use Cost Savings Ratios &amp; When.\u201d<\/p>\n<p>Don\u2019t miss updates on Procurement &amp; Supply Chain, Subscribe here!<\/p>\n<p>This article is actually the second one that originated from a podcast I did with Jim Nelles. And it may not be the last \u2013 the podcast was that good!<\/p>\n<p>Though the article explained the reasons behind using cost savings ratios as opposed to straight monetary figures, I thought that this blog post could add value by including more examples of cost savings ratios, so here are a few more\u2026<\/p>\n<ul>\n<li>Cost of shop supplies per manufacturing employee per year<\/li>\n<li>Cost of health benefits per employee per year<\/li>\n<li>Cost of maintenance per company vehicle per year<\/li>\n<li>Cost of operating an engine per hour (I used this in the airline industry)<\/li>\n<\/ul>\n<p>Which ratios do you use? Post a comment to share!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I hope that you have enjoyed the article \u201cHow To [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":4076,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2820","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-procurement"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.13 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>When The Going Gets Tough, Use Cost Savings Ratios! - Next Level Purchasing Association (NLPA)<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.certitrek.com\/nlpa\/blog\/when-the-going-gets-tough-use-cost-savings-ratios\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"When The Going Gets Tough, Use Cost Savings Ratios! - Next Level Purchasing Association (NLPA)\" \/>\n<meta property=\"og:description\" content=\"I hope that you have enjoyed the article \u201cHow To [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.certitrek.com\/nlpa\/blog\/when-the-going-gets-tough-use-cost-savings-ratios\/\" \/>\n<meta property=\"og:site_name\" content=\"Next Level Purchasing Association (NLPA)\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NextLevelPurchasing\/\" \/>\n<meta property=\"article:published_time\" content=\"2010-01-25T18:52:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-27T11:17:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.certitrek.com\/nlpa\/wp-content\/uploads\/sites\/5\/2020\/11\/nlpa-images-086.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"1067\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Galo Matagay\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:site\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Galo Matagay\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/when-the-going-gets-tough-use-cost-savings-ratios\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/when-the-going-gets-tough-use-cost-savings-ratios\/\"},\"author\":{\"name\":\"Galo Matagay\",\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/#\/schema\/person\/72d094fab77892483dfa6e061cb27eaa\"},\"headline\":\"When The Going Gets Tough, Use Cost Savings Ratios!\",\"datePublished\":\"2010-01-25T18:52:00+00:00\",\"dateModified\":\"2021-07-27T11:17:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/when-the-going-gets-tough-use-cost-savings-ratios\/\"},\"wordCount\":154,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/#organization\"},\"articleSection\":[\"Procurement\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.certitrek.com\/nlpa\/blog\/when-the-going-gets-tough-use-cost-savings-ratios\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/when-the-going-gets-tough-use-cost-savings-ratios\/\",\"url\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/when-the-going-gets-tough-use-cost-savings-ratios\/\",\"name\":\"When The Going Gets Tough, Use Cost Savings Ratios! 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