Procurement Outsourcing

The second in an 8-part series titled: The View from the Other Side

The 1st of an eight part series, The View From the Other Side.

Nobody is happy when their prices increases after January 1st. Many customers feel that by signing a pricing agreement (or contract) that they can use this document to restrict price increases. But somehow, spending is more than expected during the 3 - 5 year term of a contract. What happened? How could this have happened?

This blog post discusses how smaller companies can utilize procurement services to save money and make better utilization of their available resources.

If a company offers to perform a service for you and the only compensation they will receive is based on a percentage of the money you actually save, what would be your reaction?

You've joined an association that offers discounted prices from a major lab supply distributor. Did you get a good deal?

When it comes to ordering lab supplies, what are the sources of irritation?

We are on a new path at LPS. 

Our clients love what we do for them.  If you, like me, have ever asked, “Isn’t there a better way?”  We may have a good answer to that question.

What is the future for the labs supplies distribution business? Nobody knows for sure, of course. However, there are signs that are predictors.

How do you change your procurement department from a cost center to a profit center?