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How You Can Improve Your Construction Procurement Strategy

The right construction procurement strategy is critical to completing projects on time and within budget.

Procurement is the process of acquiring new products and services for a construction project. To the layman, it may sound like just a fancy word for buying something – but the reality is that while procurement is a simple concept, the scope of work involved with procurement management is wide and varied, making it a complex practice with many moving parts.

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image-construction-site-workers-discussing-construction-procurement

How You Can Improve Your Construction Procurement Strategy

The right construction procurement strategy is critical to completing projects on time and within budget.

Procurement is the process of acquiring new products and services for a construction project. To the layman, it may sound like just a fancy word for buying something – but the reality is that while procurement is a simple concept, the scope of work involved with procurement management is wide and varied, making it a complex practice with many moving parts.

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How to Avoid Your B2B Rebate Programme Failing?

Question: What makes a successful B2B rebate programme? 

Answer: One that generates more sales. 

Well, of course, that is true – but there are other considerations to take into account. 

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Why Rebate Visibility and Auditing Are Important?

In a complex supply chain, real time rebate visibility is vital to success. 

As part of the commercial team, you may be in charge of creating and managing attractive incentives through customer rebates - meanwhile the procurement team will be striking deals with vendors and accessing supplier rebate programmes.

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Best Practices for Supplier Rebates

Pricing professionals have a critical job on their hands – to deliver the best pricing strategy for profit maximisation. 

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How Does a Rebate Management Solution Benefit Your Bottom Line?

As a buyer, accessing supplier rebate programmes can have a significant impact on your business’s bottom line. In fact, many organisations do not make a profit on certain goods or services until they have received their rebates.

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How to Handle Manufacturer Rebates in the Construction Industry

Are you claiming manufacturer rebates when ordering construction supplies? Many manufacturers offer rebate programmes – yet it’s not uncommon for home builders to miss out on these fantastic opportunities to improve margins and increase their bottom line.

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Using Rebate Management Software to Manage Supplier Agreements

Managing rebates can be a real pain point for companies with multiple rebate agreements in place. Nonetheless, it is absolutely imperative that rebates are managed accurately as the income received can often be the difference between profit and loss.

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Tips for Managing Your Rebate System While Working From Home

Times of upheaval are always times of radical change. In response to the COVID-19 pandemic, many organisations around the globe have suddenly found themselves in a position where they’ve had to introduce remote working policies to protect their staff and customers.

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How to Get the Best Out of Your Rebate Management Software

Accessing supplier rebate programmes is a fantastic way to drive revenue and improve profit margins. However, rebate management is inherently complex and you need powerful rebate management software to do it successfully.

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