Actually Bob, Corporate America is MORE Wasteful than the US Government
Dave Dayen and Matt Stoller are joined by Rich Ham, CEO of FineTune, specializing in corporate cost reductions, and strategies large organizations can use to reduce wasteful spending.
Welcome to the podcast Organized Money. You can listen to today’s episode with procurement expert Rich Ham on Apple, on Spotify, or wherever you get your podcasts.
Are Elon Musk's efficiency strategies brilliant or reckless? David and Matt explore this question with procurement expert Rich Ham, CEO of FineTune, who reveals what efficiency really means in large organizations.
They discuss how companies often waste money through inefficient buying of complex services, and Rich explains how slashing budgets isn't always the smartest way to save. Using comparisons to the movie "Office Space," they examine how procurement teams are stretched thin, and how suppliers take advantage of the lack of oversight.
They then turn their attention to Musk's strategies at DOGE, questioning whether drastic cuts are the best path to savings or if they might lead to unintended and costly consequences.
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Thank you so much for listening. If there’s a monopoly you’d like us to explore this year, or if you have anything else to tell us, please let us know by leaving a comment or by responding directly to this email.
Of course. There’s nothing wrong with the public sector that isn’t caused by a private sector. As a long time (30+ years) state and local employee, I can assure you of this. Privatization is nothing but a scam.
A great interview!
What happens when the vendor and procurement department are part of the same company or are owned by the same parent company?
And have the vendors also been hollowed out in the same way the buy side has?