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Why Suppliers Love Your Purchasing Strategies… and How to Fix Them!
StrategicSource
February 11, 2025
The webinar “Why Suppliers Love Your Purchasing Strategies… and How to Fix Them!” will focus on uncovering how dealerships are overspending by an average of 25% due to inefficient purchasing strategies.
Key Topics Covered:
- Hidden Profit Leaks in Dealerships – Identifying how decentralized purchasing and poor supplier management impact profitability.
- Purchasing Strategy Mistakes – Ten common purchasing missteps that benefit suppliers rather than dealerships.
- Cost Reduction Opportunities – How to centralize purchasing, implement supplier audits, and leverage sourcing processes to lower expenses.
- Best Practices in Spend Management – Proven methods like contract management, preferred supplier programs, and three-way matching to drive savings.
- Tactical Solutions – How to implement structured policies and processes to control spending and mitigate financial risks.
The session will provide actionable steps to stop profit leaks and increase dealership profitability through improved sourcing, supplier management, and cost control strategies.
Key Takeaways:
- Learn how much money your dealership is leaving on the table each month.
- Discover how to reduce costs by 25% using spend management best practices.
- Understand how supplier-friendly purchasing strategies can be transformed to benefit your bottom line.
- Gain insights into StrategicSource’s innovative cost reduction solutions and how they’ve helped over 1,500 dealerships save over $600 million.
The session will provide actionable steps to stop profit leaks and increase dealership profitability through improved sourcing, supplier management, and cost control strategies.
