Bullpen Associates is passionate about helping companies both big and small, quickly identify and implement cost savings projects that result in delivering more cash flow to the bottom line within 90 – 120 days. Our large BULLPEN of firms and solutions can help to dramatically improve your spend visibility and profitability. Unless you can clearly see the details (monthly / annual spend, invoice detail, contract language, commitments and number of suppliers per category) it will be almost impossible to put together a cost savings road map. Our solution starts with a detailed analysis for your VENDOR PAYMENT HISTORY (VPH). A basic excel spread sheet… column A header VENDOR column B header ANNUAL spend. We sort and re-sort this information to develop your cost savings road map.
I am always surprised to learn that most companies negotiate and manage their vendor relationships on an AD HOC basis. A few simple changes can allow companies the ability to identify and fix 90% of the problems associated with uncompetitive vendor agreements.
“The greatest obstacle to discovery (cost savings) is not ignorance it is the illusion of knowledge”. By Daniel J. Boorstin