Cost Reduction and Cost Avoidance Strategies for Manufacturers and Distributors
Herb Shields, President of HCS Consulting has worked with manufacturers and distributors in Chicago. As a purchasing consultant he has helped manufacturers and distributors to implement cost reductions and cost avoidances for each of the commodities, materials, components, and services that they purchase.
Herb has worked with many Chicagoland companies to achieve cost savings results of 20 – 30%. Cost savings are accomplished by identifying new potential suppliers, planning and conducting negotiations with both current and prospective suppliers.
Herb helps clients implement cost avoidances by using proven techniques to reduce or delay the amount of price increases when they are requested by suppliers.
Herb suggests to CEO’s and CFO’s that they adopt a company policy includes a statement that the company does not accept form letter price increases. Read Herb’s newsletter on this easy – to- implement money saving policy.
Herb uses his 30+ years of purchasing management experience to achieve cost savings and cost avoidance results for clients. Herb teaches Purchasing at the Illinois Institute of Technology in Chicago. He is a frequent speaker on Purchasing opportunities for industry groups in Chicago and across the USA.
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Contact us and let's discuss your situation. Your initial consultation is absolutely free, confidential, and no-obligation. |
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Herbert C. Shields, CMC |
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As President of HCS Consulting since 2000, Herb delivers bottom-line results for clients in purchasing and inventory management.
- Reduced the cost of purchased materials and services by 20 – 40%
- Improved inventory turns and customer service by 20 – 30%
- Trained client personnel in purchasing and inventory management practices.
Satisfied clients include manufacturers and distributors in industrial products, rail equipment maintenance, dyes and pigments, personal care and household products, pharmaceuticals, and food products. |
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