Welcome to the Artificial Intelligence Podcast with Jonathan Green! In this episode, we delve into the art of cost reduction and its intersection with AI, featuring our special guest, Larry Levine, from P3 Cost Analysts. Larry has extensive experience in helping businesses reduce their indirect vendor overcharges, a crucial aspect often overlooked by many companies.
Larry introduces us to the concept of indirect vendor costs, which include expenses for telecom, utilities, waste, insurance, and property tax—costs that are often seen as non-negotiable. With a unique industry insights approach, Larry demonstrates how many of these costs can be negotiated down, sometimes by up to 75%, offering substantial savings for businesses.
Notable Quotes:
- "It's really about discovering the right way to lower costs effectively, knowing what to ask for, and having the industry knowledge to back it up." - [Larry Levine]
- "Every business, whether a startup or an established entity, should embrace the mindset that costs are negotiable." - [Larry Levine]
- "AI might be the frontier, but cost efficiency is the foundation every business should secure." - [Jonathan Green]
Larry provides valuable insights into how businesses can maintain efficiency, especially in a tech-driven world where AI tools are rapidly embraced but not always cost-effective. He emphasizes the importance of having the right mindset when approaching vendors and the potential pitfalls of assuming costs are fixed.
Connect with Larry Levine:
- Website: https://www.costanalysts.com/
- Phone: 410-205-2475
- Email: LLevine@costanalysts.com
If you're interested in learning how to optimize your business expenses while staying competitive with AI innovations, this episode is a must-listen! Tune in to discover how to streamline your costs and enhance your business operations.
Connect with Jonathan Green
- The Bestseller: ChatGPT Profits
- Free Gift: The Master Prompt for ChatGPT
- Free Book on Amazon: Fire Your Boss
- Podcast Website: https://artificialintelligencepod.com/
- Subscribe, Rate, and Review: https://artificialintelligencepod.com/itunes
- Video Episodes: https://www.youtube.com/@ArtificialIntelligencePodcast
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