Leverage your buying power
Keep an eye on contracts, leases, and agreements with your suppliers and vendors. Whether the market is strong or weak, leverage your company’s strengths to keep your costs competitive.
Give yourself options
Keep your current suppliers competitive by inviting new ones to bid. Get at least three bids on new work. It’ll keep your current suppliers attentive and uncover new opportunities you may not have considered.
Use it or lose it
Don’t collect old or worn out equipment, furniture, or supplies. Sell it, trade-in, recycle, or dispose of it, depending on its condition.
Keep tabs on your competition and the marketplace. You want your pricing to be competitive—neither too far above or below the market. Use sales or coupons to make temporary price reductions for a specific period, to combat short-term market adjustments.
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