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5 Biggest Challenges in Cost Management Today

July 12, 2019 Boost Profits Admin

A recent poll conducted by Cost Management Association identified the 5 biggest challenges organizations are facing today related to cost…

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Posted in: Cost Management Filed under: challenges, Cost Management, management buy-in, non-salary expenses, operating costs, savings, savings opportunities, value analysis

6 Powerful Steps for Developing Proud and Productive Value Analysis Teams

Boost Profits Admin

All winning value analysis teams are a combination of attitudes, talent, and traits matched with the right leadership to give…

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Posted in: Value Analysis Filed under: productive, training, value analysis, Value Analysis Teams

A Rewards and Recognition Program Will Turbocharge Your Value Analysis Team’s Performance

Boost Profits Admin

Rewards and incentives seem to be an oxymoron in the context of motivating value analysis teams to generate huge savings…

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Posted in: Value Analysis Filed under: incentives, rewards, ROI, savings, success, value analysis, Value Analysis Teams

Asking Good Questions Is One of The Keys to Value Analysis Success

Boost Profits Admin

“I keep six honest serving-men. They taught me all I know. Their names are What and Why and When and…

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Posted in: Value Analysis Filed under: commodities, data, success, utilization, value analysis, value analysis studies

Build Versus Buy Decisions Have Changed

Boost Profits Admin

An annual contract management study shows that every category of outsourced service from food service to engineering contracts has increased…

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Posted in: Cost Management Filed under: contract management, cost, lower costs, outsourcing, outsourcing contract, price

The Missing Link in Achieving Higher Levels of Savings Performance

Boost Profits Admin

Most corporations have now purchased a new generation of MMIS or MRP systems or will do so within the next…

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Posted in: Supply Chain Filed under: benchmarks, budgets, data quality, improve, limited resources, MMIS, savings, supply chain

Changing Negative Behavior of Your Value Analysis Team Leaders & Members

Boost Profits Admin

We were recently asked by a cost manager, “What should I do with a key player on my value analysis…

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Posted in: Value Analysis Filed under: behavior, Cost Management, value analysis, value analysis team

Data & Information Yield Power, but Knowledge Management Yields Gold

Boost Profits Admin

Things change, people change, and processes are reinvented in all organizations. So how do you capture the right information, from…

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Posted in: Value Analysis Filed under: data, knowledge management, MRO, savings, supply chain, value analysis

Data Quality is the Weakest Link in Supply Chains

Boost Profits Admin

Thousands of organizations have upgraded their MMIS and ERP systems in the last 10 years so that they could manage…

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Posted in: Supply Chain Filed under: data quality, ERP, MMIS, savings, supply chain

Developing a Strategic View of Your Corporation’s Supply Chain Yields Greater Results

Boost Profits Admin

Supply chain management is a concept whose time has arrived; however, this concept must be translated into action. The most…

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Posted in: Supply Chain Filed under: expenses, low-cost, save, strategies, supply chain, supply chain management, value analysis

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