Monthly Archives: January 2012

Some of our most difficult negotiations are dealing with open book accounting. The concept is now widely known, but ensuring that suppliers will be receptive to making open book accounting a contractual reality is quite another matter. The supplier’s pricing decisions have, historically, been steeped in mystery and there remains a culture whereby the detail […]

The economic climate dictates that, it is time for procurement departments to re-examine their approach to the use of price indexation formulae. Our informal research shows that in the UK there is an extensive use of the Retail Price Index (RPI) and Consumer Price Index (CPI). These are produced by the Office for National Statistics. […]