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  • Identify numerous erroneous and duplicate payments leaving Accounts Payable using acculytic semi-annually (additionally, if necessary, contract an accounts payable audit firm every 2-3 years)
  • Take advantage of early-payment discounts
  • Renegotiate long-term recurring bills and contracts at significant savings
  • Save advertising dollars through joint ads (piggy backing)
  • Advocate the purchase of recycled and used products
  • Ban styrofoam and plastic cups and replace them with branded coffee mugs
  • Raise deductible on certain types of insurance
  • Reevaluate sales force and channel compensation annually
  • Bid out purchasing as much as possible, especially transportation and freight
  • Network. Leverage personal, professional and association relationships for discounts and bartering
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10y ago

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