Episode Thumbnail
Episode 233  |  33:58 min

A Discussion on Labor Spend

Episode Thumbnail
Episode 233  |  33:58 min  |  06.28.2021

A Discussion on Labor Spend

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This is a podcast episode titled, A Discussion on Labor Spend. The summary for this episode is: <p>There are a lot of vendors that capitalize on a company's inability to properly manage labor-based categories. Rich Ham (the CEO) and Matt Smith (the CFO and Executive VP) of Fine Tune join me today to discuss the management of these labor categories. Where do they see some of the biggest gaps in a company's abilities to do this? What can be done to remedy an otherwise tough situation? Listen to this procurement-focused episode of Negotiations Ninja to learn more!&nbsp;</p><h2>Outline of This Episode</h2><ul><li>[1:54] The nitty-gritty on Rich Ham + Matt Smith</li><li>[4:47] The inability to properly manage labor categories</li><li>[13:23] Managing a service versus an expense are two different disciplines</li><li>[18:35] Separating the labor hour from the operation of the labor hour</li><li>[20:32] What do you focus on in your negotiations?</li><li>[23:18] How to operationalize and manage a labor-based contract</li><li>[28:20] What can procurement teams do proactively&nbsp;</li><li>[31:14] How to connect with Rich Ham + Matt Smith</li></ul><h2>Resources &amp; People Mentioned</h2><ul><li>Fine Tune:&nbsp;<a href="https://www.finetuneus.com/" rel="noopener noreferrer" target="_blank" style="color: rgb(51, 122, 183);">https://www.finetuneus.com/</a></li><li>Fine Tune knowledge center:&nbsp;<a href="https://www.finetuneus.com/resources/" rel="noopener noreferrer" target="_blank" style="color: rgb(51, 122, 183);">https://www.finetuneus.com/resources/</a></li><li>Rich Young’s LinkedIn:&nbsp;<a href="https://www.linkedin.com/in/richkyoung/" rel="noopener noreferrer" target="_blank" style="color: rgb(51, 122, 183);">https://www.linkedin.com/in/richkyoung/</a></li></ul><h2>Connect with Rich Ham</h2><ul><li>Connect on LinkedIn:&nbsp;<a href="https://www.linkedin.com/in/richard-ham-51b38a10/" rel="noopener noreferrer" target="_blank" style="color: rgb(51, 122, 183);">https://www.linkedin.com/in/richard-ham-51b38a10/</a></li></ul><h2>Connect with Matt Smith</h2><ul><li>Connect on LinkedIn:&nbsp;<a href="https://www.linkedin.com/in/matthew-smith-4b986122/" rel="noopener noreferrer" target="_blank" style="color: rgb(51, 122, 183);">https://www.linkedin.com/in/matthew-smith-4b986122/</a></li></ul><h2>Connect With Mark</h2><ul><li>Follow Negotiations Ninja on Twitter:&nbsp;<a href="https://twitter.com/NegotiationPod" rel="noopener noreferrer" target="_blank" style="color: rgb(51, 122, 183);">@NegotiationPod</a></li><li>Connect with Mark&nbsp;<a href="https://www.linkedin.com/in/markraffan/" rel="noopener noreferrer" target="_blank" style="color: rgb(51, 122, 183);">on LinkedIn</a></li><li>Follow Negotiations Ninja&nbsp;<a href="https://www.linkedin.com/company/negotiations-ninja-podcast" rel="noopener noreferrer" target="_blank" style="color: rgb(51, 122, 183);">on LinkedIn</a></li><li>Connect on Instagram:&nbsp;<a href="https://www.instagram.com/negotiationpod/" rel="noopener noreferrer" target="_blank" style="color: rgb(51, 122, 183);">@NegotiationPod</a></li></ul><p><a href="https://plinkhq.com/i/1300435924" rel="noopener noreferrer" target="_blank" style="color: rgb(51, 122, 183);"><strong>Subscribe to Negotiations Ninja</strong></a></p>
Guest Thumbnail
Rich Ham
CEO of Fine TuneConnect on LinkedIn
Guest Thumbnail
Matt Smith
Executive Vice President & CFO at Fine TuneConnect on LinkedIn