Verifying vendor accuracy
Pricing Audits verify the accuracy of the amounts being charged to your organization by your vendors.
StoneBridge Business Partners can help ensure that these terms are being adhered to by your business partners.
Through years of contract compliance auditing, we have become acquainted with numerous pricing strategies, ranging from straight catalog pricing to more complex cost-plus type structures.
Cost-plus pricing exposures can include issues involving:
- Landed cost
- Vendor purchasing agreements (VPAs)
- Tiered mark-ups
- Contract term date cut-offs
- Inaccurate acquisition costs
- Unit of measure issues
- Incorrect product classification and/or mark-up percentages
- Inconsistent inventory valuation methodologies
We have extensive experience auditing numerous distributors and manufacturers in various types of industries around the United States and Canada.
StoneBridge has identified and assisted in the recovery of millions of dollars for our clients by conducting pricing audits on their suppliers. We can also offer flexible and/or contingent payment options to our clients.