Define: "Mates Rates" in Business
Multi-headcount capital waste
"Read the support SLASLAA metric we are currently failing, but will creatively report as 'green' by redefining the outage.. The discount is always paid back in 48-hour response times during a critical outage."
A discounted price offered through established professional relationships or partnerships.
What does "Mates Rates" actually mean?
"A terrible vendor deal negotiated on a golf course that secretly includes a decade of mandatory, exorbitant support contracts."
"We were able to secure the new software licenses at mates rates due to our long-standing partnership."
"Procurement thought they got mates rates on the new Juniper chassis, completely missing the clause that charges us per port activation."
By The Chief Waste Officer
18 years in the corporate trenches quantifying waste so you don't have to.
Related Terminology
Tired of hearing this?
Next time someone says "Mates Rates" in a meeting, track exactly how much company money they just wasted. Play Buzzword Bingo, generate a waste invoice, and stop the bleeding.
