As the saying goes, necessity is the mother of invention.
Today’s post is written by Ivy Ray, Senior Procurement Specialist at SafeSourcing Inc.
As the saying goes, necessity is the mother of invention. Most often, it is not necessary to recreate the wheel; you just have to make the wheel more efficient. Some of our nation’s top inventions were created to make a task faster, or a product better than it was. This was true for the food wars during and after WWII.
C.E. Doolin, of Texas, did not create the fried corn chip known as Fritos, nor is Herman Lay the creator potato chips. Using the model of Henry Ford’s assembly line, they each developed and created a way to mass produce a better, more shelf stable product that we enjoy today. Doolin and Lay battled for years to maintain the market share for snack foods within their regions.
Once they had perfected their product to be resistant to spoilage, they each rallied to convince the U.S. Government to provide it as a filling snack for the troops who were serving all across the world. The competition remained fierce for years until they combined forces in the 1960s to become Frito-Lay, one the largest snack food manufacturers in the nation. Currently, revenue from the U.S. grain-based snack and bakery industry accounts for over $100 billion in annual retail sales.
The procurement role has been around since the ancient times, and has evolved over time. The basic benefit of supply chain management is to acquire the necessary materials to keep businesses running. Supplier competition drives savings and gives your organizations the ability to focus on quality and dependability. There are currently several e-procurement platforms on the market; however the benefits of using an e-procurement solution that offers a complete procure-to-pay suite of applications to help your organization reach your strategic goals. SafeSourcing has improved the wheel of procurement and will partner to help you improve your organization’s bottom line.
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