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Essay

Acres Of Diamonds: The Value Of Effectively Managing Low-Dollar, High Transactional Volume Spend

Essay specific features

 

Issue:

Business

 

Written by:

Cecile C

 

Date added:

March 31, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1631

 

Was viewed:

8684 times

 

Rating of current essay:

 
Essay content:

While this approach is appropriate for certain commodities utilizing an event-centric tool, extensive research including a CAPS 2003 study indicates that it does not create a sustainable COGs savings model. The examples provided by the Floor to Ceiling Analyses included with this report provides further confirmation of this assessment...
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This occurs despite the fact that statistical analyses of purchasing trends in both the public and private sectors consistently verify that approximately 90% of all transactional activity relates to purchases of $25K or less. Ironically, low-dollar transactions also represent the greatest potential for sustainable savings...
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