The time-cost of finding savings.
Today’s post is from Patrick Quinn, Account Manager at SafeSourcing Inc.
As supply chain issues persist, many businesses have found it frustrating to find not just the best quotes from suppliers, but any competitive quotes at all. The sourcing process can be incredibly time consuming when seeking the right suppliers, and the very real possibility exists that at the end of the day, your new prospective supplier can only quote at a higher price than your current supplier is already providing. If that happens, your business must now decide between keeping your current supplier and starting the whole process over again to hopefully find a better price on the market. If your business goes through this enough times, eventually you’ll find a supplier that can save you money. But, this cost saving measure comes at the price of all the time you spent on suppliers, and not any other issues that your business might be facing.
This is a problem that rarely exists for SafeSourcing’s customers. Our eRFX events are filled with quality vendors competing for your business. The persistence that it takes to find a supplier that truly earns your business is a practiced skill that pays off huge for you during our events.
Each event is unique to us, and is given the same level of commitment as the last. Vendors are constantly researched, contacted, invited to our events, trained on our tools, and contacted again, all to find competitive quotes, no matter the market environment.