EPISODE · Nov 11, 2024 · 12 MIN
#8 You saved 20% - congratulations. You're actually Losing 200% (and You don’t even know It) - here’s why
from Click to Procure (CTP) · host Grzegorz Filipowski
You saved 20%? congratulations. You're actually Losing 200% (and You don’t even know It) - here’s why 🕵️♂️That 20% discount You fought so hard for? It’s blinding You to the real losses. In reality, Your total costs are skyrocketing - and the worst part? You’re also losing out on untapped profits.Think you’re winning the cost game by cutting supplier prices? Think again. The money You save upfront is just a mirage. What if I told You the real cost of Your product is up to 205% of what You thought? 😲Scary ? What is the guy talking a about ? With Total Cost Analysis, we expose the hidden costs that silently inflate your expenses: 1️⃣ Landed costs like shipping, insurance, and storage that can hike up expenses by 125%. 2️⃣ Life cycle costs such as maintenance and handling that quietly add 140% more. 3️⃣ Ownership costs, from R&D to supplier management, that push total expenses up to 165%.4️⃣ Opportunity Cost the profits You’re missing by focusing on price instead of optimising entire procurement chain.💡 Still negotiating on the lowest price? It’s time to tackle costs holistically.Let’s uncover those hidden costs together and start saving where it truly matters.P.S. Have You ever factored in lost business from poor supplier performance? That could be another 20% you’re losing. P.S. 2 Ever wonder how much profit You’re losing by sticking with a low-cost, high-risk supplier?
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#8 You saved 20% - congratulations. You're actually Losing 200% (and You don’t even know It) - here’s why
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