Procurement Expectations

June 18th, 2018

What are your expectations for your procurement process?

 

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

If you have never utilized e-procurement or used a procurement partner, you may not know what to expect when first beginning. Typically, a procurement partner works with your team to assist with the procurement process. This can mean a number of things, and could include e-procurement tools, like those offered by SafeSourcing. These tools and the expertise of a procurement partner can greatly help with the success of your own efforts and can help your organization realize more savings, more opportunities, and a more streamlined and quicker process.

When working with these tools and your procurement partner, it is important to outline what you hope to achieve from the process. Making your expectations known can help direct those procurement efforts to produce the results most sought. For example, if an organization is seeking to use a new product in store, a procurement professional can help research that product, list potential suppliers, and provide a market estimate of costs to implement that product. If an organization is expanding into a new region, your procurement partner can source everything you might need, from construction companies and building supplies to products to fill the new stores. Even if a company is looking for a private label product from a certified green vendor, that is what your procurement partner would focus on finding.

Ultimately, utilizing e-procurement, and especially a procurement partner, can help you attain the results you hope for. However, if expectations aren’t known or aren’t relayed, the outcome may not align with what was wanted. A procurement partner’s job is to help your organization get the results it desires and works with you and for you to ensure the outcome is a success, because when your organization succeeds, so does your procurement team.

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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