Procurement spans across all aspects of the financial realm. Do you ‘shop around’ at home and at work?
Today’s post is by Alyson Usserman, an Account Manager at SafeSourcing.
Some say that becoming a parent is the greatest, most rewarding thing you can ever do. While I agree, I am also well aware that it is the most trying times financially. The average cost of raising a child in the United States from birth to age 18 is $241,080, according to the United States Department of Agriculture. I doubt that number includes things like braces, injuries, or extracurricular activities over the years; it is also based on the child leaving the house at age 18. This number is also based on public school education, and a family income of less than $60,000 per year.
So, where does this leave parents who only have one income? Bargain shopping, couponing, and putting off expenses until the very last day possible. It poses the question of what is absolutely necessary and what is not? If it is not absolutely necessary then it is left on the store shelf. They find ways to make their own baby food, finger paint, and sometimes even baby wipes.
However, for the things you cannot make, most of us shop around for the best deals. We look at the value of what we are getting for the money we are spending. Questions often come up like, “How long will this last? Can we reuse it again?” These questions also come up in businesses too. What is the best deal? Who can provide what we need in the most cost efficient way possible?
We, at SafeSourcing can help answer these questions to see if your company can improve on unnecessary spending. We enjoy bringing this blog to you every week and hope you find value in it. For more information on how we can help you with your procurement needs or on our “Risk Free” trial program, please contact a SafeSourcing Customer Service Representative. We have an entire customer services team waiting to assist you today.
We look forward to your comments.