Don't Buy Retail: The smaller the company or practice, the more likely purchasing is done at local retail establishments where the Retailer's strategy is to merchandise high margin items to drive impulse purchases. Solution: Buy through catalog and internet sites. Be sure to get free delivery in your agreement.

Consolidate Suppliers: Don't ignore the time and cost of processing multiple invoices from many specialty suppliers. Experts say that as much as 40% of procurement costs come from processing and managing orders. Solution: Demand monthly consolidated invoices or buy from suppliers who can provide more of what you need vs. specialty suppliers.

Join a Buying Group: Who gets better pricing, small or Fortune 500 companies? Buying groups aggregate its member's volume to leverage better pricing. Check your chamber of commerce or trade organization for options.

Written by Rick Upton of SaveItNow! which is a purchasing solutions provider to small and medium-sized business that delivers lower pricing on a wide range of business products; plus simplifies the purchasing process.

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