The Unit of Measure…..
Today’s post is from our SafeSourcing Archives.
Do you know the importance of the “UOM”?”
Within the procurement industry, every specification boils down to one thing, the Unit of Measure. Without a consistent UOM within the specification when completing an RFP or RFQ, you will receive quotes all over the board that do not match each other or an industry standard.
The issue with having an inconsistent UOM is that you can potentially make the entire event not valid. There are hundreds of UOMs depending on the industry that you are collecting pricing for. When deciding a UOM to collect pricing, it is typically within the original specifications that the items are based on.
The main concern is that the suppliers need to understand the UOM fully. If they do not, none of the pricing will be consistent. We, at SafeSourcing, make sure that our suppliers know exactly what the UOM is for each event and line item within the event.
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.