When 'company doctors' are called in to save businesses, the first step is often to renegotiate all the supply contracts. Managers watch in amazement as hard-nosed suppliers agree to knock five to 15 per cent off their prices, giving cost savings that can transform a company's prospects. For start-ups, too, effective purchasing is a fast and simple way to boost profits and improve efficiency and quality. This briefing explains:
- How to decide what to buy.
- How to pick the right suppliers.
- How to get the best out of your suppliers.
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