What is your procurement process?
Today’s Post is by Eli Razov an Account Manager at SafeSourcing.
What is your procurement process? How do you find the products that are required to keep your company operating? Weather it is the raw materials to create your products or the packaging you use to ship it out, there are multiple places to choose these products from. But how do you choose the best? Is it based off of price or maybe the quality? What do you consider value? From sugar to corrugated cardboard there will always be options. Maybe you go with the simple approach, call vendors you hear of from word of mouth. Or perhaps a friend or co-worker works with someone from a particular company and can get you that “in”. You can also take the tech approach and become best friends with Google or a similar search engine.
Great now you have found a few companies, so what to do from here? You call or email for a quote. You talk to someone on the sales side of things and get the information you need by divulging every aspect of your business to try and get a lower price. It doesn’t end there because now you have to do that maybe five more times because you’re not doing yourself any favors by stopping at the first price you get. So now you maybe have five or six quotes. What is the next step? Not sure? Maybe you haven’t gotten this far before or maybe you have and are a seasoned vet.
Well the next step is to discuss terms and nail down specifications. Now what? Where do we go from here? Do you choose the lowest price or maybe look up some reviews? The next logical step is to get samples and compare them to what you have, want or need. Excellent! Now maybe you found the right one but wait, it’s the most expensive! Do you go back to the drawing board or just fork over the dough? All of this process can take weeks and a lot of time out of a company’s already hectic schedule
That is where we come in! Here at SafeSourcing we take the headache out of the procurement process. From start to finish we help with it all. We will find the vendors for you; tailor the specifications to your exact needs. On average, across all companies in many different markets, we drive down pricing around 21% on average. We will do the leg work for you and open up your schedule to do what matters, your business.