As we approach the end of the third quarter of the calendar year, many of us are .....
Today’s post is written by Ivy Ray, Account Manager at SafeSourcing Inc.
As we approach the end of the third quarter of the calendar year, many of us are reflecting and assessing how we faired this year. Did we accomplish what we had resolved to do? Statistically, the top ten (10) New Year’s resolutions made, involve making better choices, whether it is for a healthier lifestyle, spending more time with family, or making better financial decisions.1
The end of the fiscal year is the time when businesses take an accounting of how well the company is performing, financially, and making an effort to finish the year strong. Planning and forecasting financial goals for the next year also focuses on a plan for making better choices.
This calls for better financial management, cost control and less organizational waste. Many organizations are beginning to re-evaluate their purchasing processes, and identify new ways to control spend. We have e-procurement tools that will meet their needs.
Identify Opportunities
Opportunities are usually triggered by a business requirement for a product or service.
- Equipment
- Components
- Raw materials
- Completely finished products
- Hazardous waste handlers
- Transportation carriers
- Maintenance service providers
Supplier Evaluation
In-depth evaluation is required for major purchases of products and services. It begins with a list of potential suppliers. Existing suppliers with good track records should not be ruled out.
SafeSourcing helps buyers save considerably on costs by providing tools that enhance the ability to do business in a better, smarter, more streamlined and cost effective way. To learn more about SafeSourcing’s innovative products and services that have been developed exclusively by retail professionals for retail professionals, please visit the SafeSourcing website.
A goal without a plan is just a wish. (quote: Antoine de Saint-Exupery)
For more information on how SafeSourcing can assist you in exploring your procurement solutions for your business 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.
1 http://www.statisticbrain.com/new-years-resolution-statistics/
