Profit Is Hiding In Dark Places

According to reports, most fleets operate on very thin margins and it does not look like much change will be coming anytime soon. This is mostly partly due to them not having total and complete control over their procurement process. This can be changed if the procurement process is managed properly and efficiently for profit.

Key Takeaways:

• In a recent survey conducted by AmeriQuest Business Services, 2,000 respondents who were responsible for managing or influencing their company’s procurement process shed light on why this process so often falls short of its potential.
• Fifteen percent of the survey respondents didn’t know which department managed their company’s procurement, even though they were directly involved in the process.
• Estimates are that 15–40 percent of a company’s overall operating costs fall in the indirect spend category.

“Fifteen percent of the survey respondents didn’t know which department managed their company’s procurement, even though they were directly involved in the process.”

http://www.truckinginfo.com/channel/fleet-management/article/story/2016/09/profit-is-hiding-in-dark-places.aspx