Let's face it 2010 will be tough. Expect:

• $3.00 / gallon for gas to be the new norm
• Consumers to continue to cut back, saying good-bye to $4 cups of coffee and nightly take out
• Companies to respond to declining sales and thinning profit margins with continued hiring and budget freezes
• That despite all the economic changes and challenges, you will be asked to deliver 10% more savings with 10% less resources

The businesses that will end up on top are ones that can contain their cost structure and embrace next generation procurement as the foundation for complete spend control and savings management.

The Container Store: Putting a Lid on Supply Management Costs

From purchasing processes to shipping, businesses must rely on efficiencies to keep costs low and productivity high. For retailers like The Container Store, being able to efficiently manage the non-merchandise supply process by using next generation procurement has delivered great results.

During this live, one-hour web event, you will have the opportunity to learn from purchasing and supply management practitioners and discover how The Container Store is:

• Saving 36 hours a week that was previously wasted maintaining in-house inventory and manually shipping supply orders by integrating their supply management process with warehouse management and supplier systems.
  
  
• Giving managers a reality check of just how much they are spending by stockpiling and over-ordering supplies by exposing end costs to inventory managers.
  
  
• Accurately charging supply costs to individual stores based on supply usage and not just by arbitrary measures like percent of sales volume.
  
  
• Delivering greater price discounts by creating a supply management machine that automates the req-to-pay process and allows purchasing to focus more on negotiating strategic contracts instead of pushing paper.