Is the Company telephone preference service a good idea?

While the main benefit of being registered is the lack of unwanted sales calls, a distinct disadvantage is that alternative suppliers cannot contact you to submit their services and prices. This could mean that you are paying over market price for some of your goods and services.

 With this in mind, how do you know that your current suppliers are providing you with the best market prices (market prices can fall as well as rise due to over supply, technological change etc.)?

 Recent independent research highlighted one of the pitfalls of CTPS registration is that it greatly favours incumbent suppliers, stating: “ this legislation operates greatly in favour of incumbent supply organisations, virtually eliminating new entrants to market “.

 It also makes it very difficult for companies providing new innovative products and services to advise the benefits to you and your customers as demonstrated by the cartoon. (Apologies for the poor quality –scan of a very old sketch)

 You probably are able to, and need to keep abreast of market prices for your raw materials and strategic costs, but what about your non-strategic costs?