Sourcing in Q3 2022: Very Few Caveats Remain  

August 8th, 2022

We’ve experiences more vendor participation in RFQ events and nearly all categories are open to be sourced.   

 

Today’s post is by Dave Wenig is the Senior Vice President of Sales and Services at SafeSourcing Inc.

Last month, I shared a small list of categories as an example of where SafeSourcing’s clients have been successfully sourcing their needs using our eProcurement tools. That list was meant to represent a sample but was certainly not exhaustive.

The reality is that over the past several months, we have seen a reduction in the number of vendors who are not able to quote in our customers’ RFQ events across nearly every category we source. Here again is that list I shared last month. Below, I will share a little more about what we are experiencing.

  1. Paper Coffee Cups
  2. Waste Removal
  3. Equipment Rentals
  4. Plastic Cutlery
  5. Labels
  6. Print Fulfilment
  7. Bottled Water
  8. Retail Displays

Again, this is just a sample. We are adding to the list daily. There are only a few categories that exist that I would consider to be caveats, which is an incredible improvement over this time last year.

One of the most noticeable factors (from SafeSourcing’s point of view) is vendor participation. We are souring categories today that have dramatically improved year-over-year. An example is sausages. Last year, sausage vendors were barely able to commit to volumes, let alone quote competitively. This year, we are seeing the full roster of potential vendors lining up to earn our customers’ business.

I am not here to talk about the factors today, I am just pointing out that there are many positive signs and from SafeSourcing’s perspective, you should be seeing very few supply chain challenges at this stage. If you think you are still experiencing supply chain issues and wonder if others are seeing the same, let me know and we can trade notes on the categories.

For more information, please contact SafeSourcing.

 

 

 

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