So, what’s on your procurement roadmap this year?

February 9th, 2023

Maybe it should be just good old COST REDUCTION. Because you’re paying too MUCH!

 

Today’s post is by Ronald D. Southard, CEO at SafeSourcing Inc

I was just reading a post from my friend Jason Busch at Spend Matters on LinkedIn. He was discussing investment in our space #procurement which always seems to draw interest from the investment community both Private Equity and Venture Capital.

A quote from Jason caught my attention, as it is what we do and what we have done at SafeSourcing for years. “Reframe (or extend) your value proposition to cost take out and cost reduction. Historically these solutions did fine in past recessions. Hard dollar savings never go out of style.  Even some carbon solutions can be reframed this way”! Jason also went on to say to “Consider services and solutions “surrounds” to improve the numbers if you’re not already nailing your plan”.

Isn’t it funny that the bottom-line basics of procurement are what they always have been, provide services (ours are white glove) and solutions that reduce costs, improve profits and earnings amongst other related deliverables.

SafeSourcing is a Procure to Pay SaaS based provider of a number of e-Procurement solutions and associated white glove services that are part of our SaaS offered SafeSourceIt™ eSourcing suite. These include but are not limited to SafeContract™, SafePO™, SafeDocument™ and our SafeSourceIt™ Global Supplier Database that includes over 557,000 vendor/suppliers.

For more information, please contact a SafeSourcing Customer Services Associate.

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