Supply chain collaboration is essential for business success. Why? Because, in the modern, globalised world, companies aren’t just competing at the business level – but at the supply chain level as well.
If all companies in a supply chain work cohesively together to deliver quality products to the end customer at the right time and right price – everybody wins.
What exactly is a rebate?
The dictionary definition of a rebate is: “a return of part of the original payment for some service or merchandise; a partial refund.”
In effect, rebates are trade discounts that suppliers use primarily as incentives to encourage an increase in sales. They are sometimes referred to as supplier incentives, vendor incentives, channel incentives, special pricing agreements, bonuses and retroactive discounts.
A volume incentive programme provides a strong financial incentive for distributors and buying groups to concentrate their sales efforts – thereby improving the profitability of these channel partners through driving high-volume orders.
Rebate accounting is notoriously time-consuming and complex. Only the best rebate management software can automate key tasks, track deals and automatically calculate rebates in real time.
Choosing the best software will enable you to maximise the effectiveness of your programmes and drive business growth.
So, it’s widely acknowledged that the one constant in life is change.
Equally, it’s evident that we will all face the fear of change at certain points in our lifetime. For instance, it might be making the move to a new job or even getting married that makes you wonder whether you should commit and if it’s the right thing to do.
However, have you ever considered how you calculate the cost of ‘not doing’ against ‘doing’?
The role of procurement in business involves everything from identifying which goods and services the company needs. To assessing and selecting vendors, negotiating terms and prices, approving invoices, arranging payments and maintaining the right documentation and records.
Effective revenue management is the lifeblood of every business. However, revenue leakage remains a key challenge for commercial teams – and mismanaged rebate programmes are often to blame.
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.