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In The News
- Counting The Cost Of Procurement
- Everyday procurement costs can include raising purchase orders, product investigations, placing orders, buying records, seeking quotations and chasing deliveries.
- One Way Traffic
- Pilferage can be common practice. Not that staff are consciously stealing stock, they’re simply unaware of the costs involved and view it as a harmless perk.
- Obsolescence, Waste & Churn
- In many offices there’s more stationery hidden away in drawers than there is in the stock room. We call this ‘squirreling’. Staff hoard unnecessary items in their desks in case they run out; but, before they’re ever used, things like marker pens and tipp-ex dry up and other items are quickly forgotten. This comes back to the low awareness of costs amongst staff.
Financial Directors Guide to Cost Management
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