Topics Covered:
- The cost management challenge
- Why distributors struggle to effectively manage costs across their product portfolios
- Missed cost decrease opportunities typically represent 2% to 3% of COGS
- Patterns of missed cost savings opportunities SPA has observed by analyzing the data of its clients
- Discussion of the analytical factors SPA leverages in its assessment of the relative cost positions of various vendors and its quantification of the savings opportunity
- Demo of SPA’s vendor cost management tool
- Upcoming tool enhancements
- Client data requirements for tool and overview of the setup process
- Q&A