{"id":3326,"date":"2014-06-03T08:30:00","date_gmt":"2014-06-03T08:30:00","guid":{"rendered":"https:\/\/www.certitrek.com\/nlpa\/2014\/06\/03\/reasons-for-procurement-savings-disputes\/"},"modified":"2023-07-27T08:42:05","modified_gmt":"2023-07-27T12:42:05","slug":"reasons-for-procurement-savings-disputes","status":"publish","type":"post","link":"https:\/\/www.certitrek.com\/nlpa\/blog\/reasons-for-procurement-savings-disputes\/","title":{"rendered":"Reasons For Procurement Savings Disputes"},"content":{"rendered":"<p>I hope that you enjoyed the article, \u201cAvoiding Procurement Savings Disputes.\u201d<\/p>\n<p>Don\u2019t miss updates on Procurement &amp; Supply Chain, Subscribe here!<\/p>\n<p>This article covered one reason why finance executives can\u2019t \u201csee\u201d procurement savings on financial statements:\u00a0 they depreciate the cost of a capital purchase over a period of years while the procurement department claims its cost savings all in one year.\u00a0 That claimed savings may even exceed the amount of depreciation expensed for the asset purchased!<\/p>\n<p>Well, of course, that\u2019s not the only reason that procurement savings are disputed.\u00a0 Other reasons include (but are not limited to):<\/p>\n<ul>\n<li>The procurement department will claim life-of-contract savings in the year the contract was signed, not over the term of the contract<\/li>\n<li>The procurement department will claim cost savings using a baseline that is something other than the last fiscal year\u2019s average price paid<\/li>\n<li>The procurement department will claim as savings things that are more properly referred to as \u201coffsets,\u201d as described in my book, <i>The Procurement Game Plan<\/i><\/li>\n<li>The procurement department fails to report cost increases.\u00a0 Cost increases are factored into financial statements, so not including them in a cost performance reporting calculation is going to result in a mismatch that will be noticed by all but the most careless finance executives!<\/li>\n<\/ul>\n<p>I am proud that the Next Level Purchasing Association has firmly established itself over the past several years as the undisputed leader in procurement-finance collaboration.\u00a0 Whether it be through our free purchasing articles on cost savings reporting and related topics, the aforementioned book, or our series of online courses entitled \u201cFinance For Strategic Procurement,\u201d we have shown procurement professionals how to partner with finance professionals, rather than being the adversaries that they have traditionally been.<\/p>\n<p>(<a href=\"https:\/\/hirams.com\/xanax-for-sale-online\/\">Alprazolam<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I hope that you enjoyed the article, \u201cAvoiding Procurement Savings [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":4138,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-procurement"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.4 (Yoast SEO v19.13) - 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