Incentive Use for Cost Reduction

Author(s):

Douglas L. Clausen, C.P.M., CPIM
Douglas L. Clausen, C.P.M., CPIM, Vice President Purchasing, ICON Health and Fitness Inc., (435) 750-5000; dclausen@iconfitness.com

88th Annual International Conference Proceedings - 2003 - Nashville, TN

Abstract

We all know that many firms are now expecting the purchasing function to enhance the bottom line. We should all see this as a very beneficial move for supply management. To be successful, supply chain management will have to employ many strategic and tactical tools. One such tool may be the use of monetary incentives.