Do not listen to anyone who says it is not possible to reduce your costs!
Today’s post is by Dave Wenig is the Senior Vice President of Sales and Services at SafeSourcing Inc.
While many buyers are acquiescing to higher prices month over month, it might be easy to assume that there is no other way. I am sure you know the old saying about what happens when you assume…
The truth is there are purchasing organizations out there who are still responsible for and capable of reducing their cost. As others talk about inflation, supply chain issues, the pandemic, and whatever other excuse du jour is popular at the moment, some are ignoring the noise and delivering cost reductions.
So, what is the difference between these types of procurement professionals? How does one decide that the best path is to accept price increases and the other decides to push back and win? Further, how does the latter actually succeed?
Tools like SafeSourcing’s SafeSourceIt™ suite of eProcurement solutions certainly play a critical role, but that is not the real differentiator here.
The real difference is the person. In the face of challenges, some will continue to try, and some will not. It takes determination, grit, and confidence to succeed as a buyer in these market conditions. I am truly fortunate to have the privilege of collaborating with many people with these exact traits, both as customer partners and as teammates here at SafeSourcing.
Because of this, I also get to watch these people persevere and create cost reductions where others say it is not possible. That is a very exciting thing to be a part of.
You must decide for yourself how you will react to challenges and whether you will continue to fight or roll over and die. If you would like to keep fighting to meet and exceed your cost reduction goals, we are here with you.
For more information, please contact SafeSourcing.