November 25, 2008
ABC News Correspondent: In recent weeks we've also seen a decline in fuel prices, what impact do you expect that to have, if any?
Jon Winsett: Well the important thing to keep in mind here is that even though gas pump prices may be dropping rapidly, with the way that retailers are charged by fuel transportation carriers, there would be a 60 day delayed effect on that, so although they feel some benefit now, its going to be all the way through the holiday season before they feel the real benefit.
ABC News Correspondent: Right, what do you think retailers need to do right now to keep their heads above water?
Jon Winsett: Well when sales are not there and dust is gathering on the plasma screens on their shelves, they really need to look at cutting costs, and the biggest line items for a retailer can be shipping and technology. And its companies like NPI which work diligently with our retail clients to capture those savings.
NPI is a privately-held company that provides assistance for its customers in implementing rigorous processes for making sound spend management decisions. Using a combination of market experts and proprietary methodologies, NPI provides assessments of a variety of traditionally difficult spend management categories – information technology, telecommunications and transportation – to ensure that expenditures and operating expenses are in-line with current market conditions. NPI leads this emerging best practice, offering procurement expertise, a fair market value database and experience from both sides of the table with quality and integrity. For more information, please visit www.npifinancial.com.
