Family Buisness News

Spend Management expert Jon Winsett is interviewed by Fox Business News about how to save money and avoid job cuts. There are so many ways that companies can save money by just looking deeper into some of their cost line items, any areas that they spend in which are highly negotiated like IT, Transportation or telecommunications, its so easy for companies to over-spend in these areas. So we advise them to bring in external market experts to benchmark their pricing to makes sure that they are not overspending. The last thing an executive wants to find out the morning after laying off fifty people is that they may have been able to pay tens of millions of dollars in other areas.

Duration : 0:6:51

Technorati Tags: IT Cost Reduction, IT Procurement, IT Purchasing, layoffs, Reducing Unemployment, Spend Management, Unemployment