Today’s post is by Steven Belvin, Account Manager at SafeSourcing
The Best Market Value is always right around the corner right? Wrong. In fact, it can be quite challenging for a business to find the Best Market Value for their goods. Before finding Best Market Value, we must first understand what Best Market Value mean; and in order to do that, we must break the term down into two separate terms, Best Value and Market Value.
Best Value is defined as the best service or product for the cheapest price that can be acquired by a company. The Business Dictionary defines Market Value as, “The highest estimated price that a buyer would pay and a seller would accept for an item in an open and competitive market.” Now that we understand both terms we can see the Best Market Value is not always the lowest price. There are actually many things that are taken into consideration when determining the Best Market Value. There is the price, the quality of product or service, the quantity, and even experience.
To truly find the Best Market Value, you would have to go through multiple steps. A few of these steps would be to call multiple companies, gather correct contact and pricing, compare pricing amongst the separate companies, and many other steps. As one can see, this might take a little time to find the Best Market Value and it’s not like you have a workshop full of elves at your disposal. This is where SafeSourcing comes into play. Let us be your “workshop full of elves” and take care of all your sourcing needs. We take pride in being able to provide you with the Best Market Value and provide you with a great ROI. I encourage you to put us to the test this upcoming year and see how much we could save your company.
For more information on how SafeSourcing can assist your team with this process 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.
market value. BusinessDictionary.com. WebFinance, Inc. December 12, 2016 <http://www.businessdictionary.com/definition/market-value.html>.