The old supply chain adage of getting the right product at the right price to the right customer at the right time has always been a our goal. But what happens after the product is in the hands of the customer, the vendor contract is converted and/or the value analysis study is implemented? We know the pricing is right in our ERP/Purchasing Systems but does the dollars hit our bottom lines as we intend them to? Savings validation is a system to take away the “we believe we are going to saving based on our estimates from the previous year” and replacing it with, here is exactly how much we saved (or not saved) on all of our initiatives.
Want to learn more about how you can ensure your short and long terms savings?