Part 2 of a special ERA series: Supplier Cost Management Best Practices

In part two of the three-part series, Washington Hospital Services Industry Partner Expense Reduction Analysts (ERA) re-examine old beliefs and common misconceptions around cost management. As a leading cost consultancy, ERA often works with clients who, before their involvement, were approaching the optimization of their supplier relationships and contracts with dated notions and methodology. Even when they see clients pursuing best practices in purchasing and procurement, they are often still leaving between 10% and 30% on the table. How can your organization ensure it’s on-track? Follow this simple advice. (Cynthia Hay)