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This analysis will highlight areas where you can cut costs without compromising quality. Negotiating Your Lease Your lease is a significant expense, so it’s worth negotiating the terms. Consider negotiating for a longer lease term in exchange for a lower rental rate.
Fresh numbers from the Bureau of Economic Analysis show real GDP slipping 0.3 GDP, lack the cash buffers of multinationals and have little bargaining power with suppliers. One mid-market electronics assembler shaved three percent off average component costs, recouping nearly a third of the new duty burden in a single negotiation cycle.
Perform customer analysis : Define your target audience in detail, including demographics, buying behavior and preferences. Conduct a competitive analysis : Study both direct and indirect competitors , focusing on their pricing, customer service, branding and distribution channels.
International Workplace Group members can also benefit from resources through Varisource, including spend analysis and industry benchmarks, as well as one-on-one procurement support for vendor search, requests for proposals, and ongoing management of their technology vendor contracts.
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