Today’s blog is by Margaret Stewart, Executive Assistant at SafeSourcing.
Have you ever considered implementing procurement solutions into your business? Find out the pros and cons before you decide.
The smartest way to make a big decision about your business or organization is to do the research and know the ins and outs of what you are getting into beforehand. Often times, big decisions on how you spend your money come with other side effects, both good and bad.
The idea of whether or not to implement procurement into your business’ processes has been a common theme for much debate and numerous articles. Many of these debates and articles say much of the same thing as they are important aspects to consider. This blog will highlight some of the stronger points on both sides of the debate so you can know better make a decision for your business.
Cost – Typically with procurement efforts, a business or organization will reduce their costs of the services and supplies they are already getting, often significantly, without sacrificing any amount of quality. However, the best way to realize those savings is to use an e-procurement provider, which does cost the business some amount of money, but those are typically small compared to the savings achieved.
Technology – Modern procurement efforts are most efficiently realized through the use of technology, like reverse online auctions. This technology can make things both easier and harder in different ways. More suppliers can participate from any location, diversifying options and enlarging competitive bidding. However, preparing businesses to use electronic systems can be time consuming and always runs the risk of human error.
Service – This is one area that often requires finesse. Negotiations, technical assistance, reporting, training, and management of accounts all fall under customer services and ineffective teams can jeopardize relationships with suppliers, possibly affecting any savings found during the procurement efforts. On the other hand, an experienced customer service team can help strengthen relationships with suppliers and even see increased savings.
Although there are many other pros and cons to implementing procurement, the above areas tend to appear in most conversations on the topic. If you decide to integrate procurement into your organization, SafeSourcing can assist you the entire way. Complete with experienced customer services, modern technologies, and a risk free trial offer, SafeSourcing can exceed your needs.
For more information on how SafeSourcing can help you realize the benefits of procurement, or on our Risk Free trial program, please contact a SafeSourcing Customer Service representative. We have an entire team ready to assist you today.