The Postal Service renegotiated contracts with its largest suppliers as a way to save money, but never tracked the results of the initiative to see if it actually saved anything, says a June 4 USPS inspector general report.

In fiscal 2009, USPS began an effort to renegotiate contracts with over 218 of its largest suppliers.

The Rapid Renegotiation Initiative, or RRI, identified cost savings the Postal Service could pursue in those contracts to improve its financial position.

Through the RRI, the supply management workers at USPS negotiated with the suppliers to reduce what it paid for goods and services and to limit the scope of the contract work.

Keep reading this article at: http://www.fiercegovernment.com/story/ig-usps-doesnt-know-if-saved-money-renegotiating-contracts/2015-06-10