Baseball and eProcurement are interconnected at SafeSourcing
Today’s post is by Dave Wenig, Vice President of Sales and Services at SafeSourcing, Inc.
Any SafeSourcing customer know we measure eProcurement success using baseball terminology. It’s a fun way to monitor the level of savings achieved as our customers watch their online Request for Quote (RFQ) Events. Today’s blog post is the first in a series in which we will take a deep dive into the different levels of savings and highlight some of recent wins in each.
SafeSourcing tracks these savings levels in real time as our customers watch their live RFQ Event via an easy-to-understand baseball diamond.
- Single– savings over 5%, but less than 10%
- Double– savings over 10%, but less than 15%
- Triple – savings over 15%, but less than 20%
- Home Run – savings over 20%, but less than 25%
- Grand Slam – savings over 25%
The typical SafeSourcing RFQ Events results in a Home Run as our average savings is 24.8% across all customers and categories. While the average savings is a Home Run, our actual results vary widely depending on the category. In the coming installments in this series, recent wins at each savings level will be highlighted. Our customers know that, while Home Runs and Grand Slams are incredible, it’s just as important to get a base hit as we work through all of their spend categories over time.
In the next installment in this series, we will highlight examples of how even a Single is impactful and worthwhile. We’ll discuss when you might expect a Single and why you should actually try for them just as you would a Grand Slam.
Contact SafeSourcing if you’re interested in learning more about how RFQ Events can help your company advance the bases and achieve savings.
For more information, please contact SafeSourcing.