Stephen Rigby, a partner in the performance improvement division of Grant Thornton, has some wonderful advice for his clients in these hard times – targeting savings with suppliers was usually a sensible approach to cost-cutting! He continued by saying:
Suppliers are a great place to start, as any cost savings fall straight through to the bottom line.
Well thanks, Stephen, that will really help those suppliers who are forced to cut their prices so your clients can make more profit.
I just hope your firm isn’t advising both the customer and the supplier in a transaction. I would love to hear you backtracking on this particular gem.