How do you procure?

March 14th, 2018

We all procure in some way and how you procure could be affecting your pocket.

 

Today’s blog is by Margaret Stewart, Manager of HR and Administration at SafeSourcing Inc.

Whether for business or personal use, we all procure goods and services we need. Many of us even go further and shop around for what we need, especially if we want a certain quality, price, or customization. But the tools you use and the way you approach obtaining your needs can make a difference in what you pay.

Tools – First, the tools you use can help you get the results you want. If you need a repair on your car, you’d likely use the tools available to you, such as Yelp or Google reviews and Maps. These tools can provide you nearby mechanics and also let you know how to get in touch and get pricing. Just like for personal use, there are tools available if your business needs to source a service or good. Tools like contract management and large supplier databases can help your organization find the suppliers that meet your needs and can help monitor agreements you may make.

Partner – Next, getting help from others is highly beneficial in your procurement efforts. For the car repair example above, using a partner could simply mean getting reviews and feedback from other customers or seeking recommendations from people you know. For a business, reaching out to a professional procurement partner can help in a number of ways. They have the experience and know much of the suppliers available for whatever project you need. They can assist with specifications, pricing, and often have sets of tools you may not have had.

Timing – Finally, timing is significant when it comes to your sourcing project. If you need a mechanic in an emergency and the one you chose with the best price and quality isn’t open on weekends, you will have to change plans. Timing your project accurately can help you get the service you want at the time you want. This is the same for your business. If you wait to source your needed goods until your contracts are expired, your current supplier could dramatically raise prices. This could mean paying much more for what you were already getting until your procurement project can be completed.

The way you approach your procurement can affect your pocket in multiple ways. SafeSourcing can be your procurement partner and work with you every step of the way, bringing experience, tools, and dedication to help you get what you need the best way possible.

For more information on how SafeSourcing can help your procurement efforts, or on our Risk Free trial program, please contact a SafeSourcing Customer Service representative. We have an entire team ready to assist you today.

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