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It came about when Walmart, the world’s biggest retailer, completed an internal audit of their purchasing department. They discovered that 75% of an annual $1 billion dollars spent on purchasing, accounted for less than 5% of total sales. In a lot of instances it had cost Walmart more to buy than profit from it. “OUCH...” [...]
It would seem a lot of our clients have felt the pinch in their businesses of late. They’ve boiled it down to the poor economy, the GFC (Global Financial Crisis). It seems a lot are waiting for things to improve? What if its Not the GFC? What if a large portion of the pinch they feel is due [...]
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