The true cost of supplier fees

July 20, 2013 Bhaji Illuminati

expenses-cost-of-supplier-feesInterested in hearing directly from the source what charging suppliers fees actually costs? Hint: it's more than just pocket change.

Watch this video to hear from Pete Loughlin, the inventor of the Supplier Fee Calculator, present his research and dive into the Supplier Fee Calculator and what the associated costs mean to your supply chain.

Here are a couple good quotes from the video to get you excited:

I decided to create this calculator, because there was something about supplier fees that just didn't sit right. - Pete Loughlin

"It’s everyone’s problem. Supplier fees add to the cost of doing business the same way that high interest rates, unfavorable exchange rates and taxes do… Suppliers hate fees especially. It’s a tax for simply doing business and they will recoup them. Always." - Pete Loughlin

“Costs come back to bite… There are ways we can look to avoid paying fees that will detract from customer value” - Supplier

Watch this video to learn insights on how to reinvest in your financial supply chain to strengthen supplier relationships.

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