With the ever increasing and frustrating situation with supply chain interruptions, many of us are wondering what can be done?
Today’s blog is by Margaret Stewart, Director of HR, and Administration at SafeSourcing Inc.
With the ever increasing and frustrating situation with supply chain interruptions, many of us are wondering what can be done?
Most likely you have seen some shortage of good or supply lately. If not, you may have at least noticed prices going higher and higher. Prices go higher as demand gets higher, and demand gets higher as availability goes does. But as we are seeing now, sometimes there simply just is not any of what we are looking for. This is when having a strategic sourcing partner, like SafeSourcing, can help.
SafeSourcing can help your organization find alternatives to what you are looking for or even come up with plans to obtain the supplies or services you need. For example, collaborating with other organizations can provide a greater buying opportunity for you since it will increase, often dramatically, the volume of the item to be bought. This in turn provides a selling opportunity for a manufacturer or distributor that may have otherwise not been able.
Finding alternatives is another fantastic way to source the goods or services you need. For example, if you need honey, you may not be able to get imported honey you have in the past, but you may be able to source it locally. This adds another benefit of keeping business and revenues local and supporting the investment of a community.
Another option is to find items that are comparable. While this is trickier than the other methods, it can still greatly benefit an organization. For example, if 12-ounce plastic bottles are proving difficult to source, you may weigh the costs and benefits of looking at either a ten ounce or 16-ounce bottle. Sometimes the price difference covers the additional cost of product in those bottles.
For more information on what the SafeSourcing team can offer you, or on our Risk-Free trial program, please contact a SafeSourcing Customer Service representative. We have an entire team ready to assist you today.
