Employee Turnover
Purchasing assistants report “We were hit with automatic price increases and we don’t know why or how much?” Additional comments state: “We were unable to verify the price that was negotiated”.
Many companies are unable to locate their in-house copy of the agreement or contract. Most companies don’t have copies of contracts or agreements to verify proper pricing.
Many companies report that they are getting poor service from certain vendors, but can not find a way out of the contract. In many instances, an automatic rollover has occurred and the company had no chance to re-negotiate a better deal or look for a better service.
Most companies miss the 30, 60 or 90 day window requirement to notify the vendor that they do not want to renew the current agreement as it stands.
Unwanted Price Increases
Missed Deadlines
Missing Copies
Every organization experiences “turnover” of personnel. When office mangers, business managers, and general managers leave, many of the contract records are lost or misplaced costing companies thousands of dollars
Stuck in an Agreement
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