THE 7 HIDDEN COSTS OF PUBLIC PURCHASING Presented by THE 7 HIDDEN COSTS OF PUBLIC PURCHASING If you’re not managing your vendors, bids and contracts online, you’re likely incurring significant costs throughout the purchasing lifecycle. These costs do not come on an invoice and, thus, are hidden in your financial operations. STAFF DISTRACTIONS Doing purchasing well takes time and focus. Unfortunately, fielding sporadic but constant vendor emails and calls throughout the day prevents you from focusing for longer stretches of time. How many times have you looked at the clock at the end of a busy day and said “I didn’t have time to get anything done!” Similar to sick leave, distractions kill productivity and, thus, should be viewed as a cost. We know its

Join for free to read