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Best
Practices: Contracting
Leverage
all volume and suppliers
Negotiate aggressively from a fact base
Ensure competition
Evaluate total cost
Source from global market place
Develop strategic suppliers
Pursue continuous shared cost elimination
Hone contract lengths and stagger expiration dates
Review supply markets quarterly for savings opportunities
Leverage consortium-buying opportunities
Create “rolling” multi-year contracts with strategic partners
March 29, 2000
Copyright © 2000 TransSource Corporation
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