When should you consider a generic product?

June 17th, 2016

Comparing alike products and deciding which is best can be a very daunting task.

 

Today’s post is by Troy Lowe; Vice President of Development at SafeSourcing.

Comparing alike products and deciding which is best can be a very daunting task. Should you buy a name brand or will the generic option meet my needs?  These are a few questions that can enter in your mind during the decision making process.  Some people feel more comfortable purchasing name brands.  If this is the case, you may be able to get the name brand item cheaper than the generic by watching sales, using coupons or utilizing price matching.

Some items purchased may not make a difference in cost because of the frequency purchased. For example, choosing a generic food item; it may be a little cheaper but you only purchase it once or twice a year.  In this case you may want to settle for the brand that you enjoy.

When it comes to more expensive items you may want to purchase a generic over the name brand if it’s something that you may only use a few times a year. If it is something that will be used more frequently then you may want to stick with a reputable brand that is known for its durability and warranties.

When purchasing over the counter medications, you may want to purchase the generic form. These generic medications are regulated by the FDA and must contain the same active ingredients, strength, dosage form, route of administration and label.  This ensures that the generics will have the same benefits as the brand name equivalents.

Keep in mind that buying a generic product doesn’t always mean that it is an inferior product. Some generic products are often made by the same name brand companies but are packaged differently.

Interested in learning how SafeSourcing can help your company run more efficiently? Like to try a risk free trial?  Please don’t hesitate to contact a SafeSourcing Customer Service Representative. Our team is ready and available to assist you!

 

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