Today’s post is by Ryan Melowic Director of Customer Services at SafeSourcing.
With billions at stake in retail purchasing, it is imperative for purchasers to remember that there can be more benefit to contracts than just the money. Any retail procurement is actually a purchase with purpose to ensure customer safety and satisfaction.
Consider the obstacles to purchase with purpose. The world market is too large and overwhelming for a purchaser to know if products are safe, secure or socially responsible. Often when a purchaser seeks to buy accordingly, they find that the price of certainty is too high. They opt for a less expensive, less trustworthy option. This may mean accidentally endangering customers, alienating some customers who expect a certain level of quality, or even inviting legal or public relations problems. Retailers simply lack the time to determine purchase with purpose for thousands and thousands of products.
That’s why SafeSourcing offers secure, intelligent e-procurement tools that do the work for retailers. The SafeSourceIt™ Retail supplier database uses unique certification standards plus well-known standards such as Fair Trade, Green Seal, ECO-LOGO, GFSI, SQF, and, for meat products, Certified Humane Raised/Hand-Fed.
With the standards already in place, procurement is a matter of matching demand with supply. SafeSourcing sets up auctions in as little as minutes and even finds purchasing partners to increase bulk buying power.
With 380,000 suppliers being vetted during the bidding process, cost is still one of the final factors when filling the retailer’s procurement needs. Yet each purchase is a purchase with purpose. Goods are safe, secure and socially responsible.
Reducing the cost of safe, secure, socially responsible goods cannot be accomplished by one purchaser alone. If retailers want to match quality products to the best procurement prices, they should look to SafeSourcing for efficient, fast e-procurement.
For more information on this topic, please contact a SafeSourcing Customer Service Representative.