Back to Main

Supplier Nominated Savings: Accelerating Savings through Strategic Partnerships


Download Now!
White Paper > 09/21/2009
Spend Management

Supplier Nominated Savings can be a highly useful "arrow in the quiver" for spend management professionals. The keys to success are the application of a structured process, executive support, and clear communication with the supply base. Companies ranging from mid-sized manufacturers to Fortune 5 organizations have successfully used this approach to drive near-term savings. Given the pressures to identify savings in any manner possible (and as quickly as possible), spend managers owe it to their organizations to evaluate whether an initiative of this type is appropriate for them.