Today’s blog is by Margaret Stewart, Director of HR and Administration at SafeSourcing.
As companies get the new year underway, there are likely a whole slew of things they are going over, from modified budgets to new processes. One key aspect that should be on everyone’s list are areas to examine for procurement. Setting up a list of 10, 25, 50, or even 100 different product or services that your organization could take a closer look at can be a great jumping off point to begin with your procurement team or procurement partner.
When reviewing the initial list, a procurement team or a procurement partner like SafeSourcing will look at a number of different aspects around those products or services. Price increases are one aspect that can be reviewed and addressed when undergoing a procurement process. Perhaps the incumbent vendors you have worked with for many years has regular price increases built into a contract that grow despite what market conditions do. This is another great reason to have your procurement team review what options you have for sourcing.
If your organization wants to get started with procurement efforts but isn’t sure where to begin or which categories, they should look at first, talk to SafeSourcing. We can analyze your spend and invoices and begin researching areas that would benefit your organization the most – a truly custom fit dependent solely on what your company hopes to gain and fitting your own goals.
When reviewing data, a procurement partner like SafeSourcing can set timelines that are timely, but do not short any essential aspects along the way. Using a procurement partner can free up your own procurement team’s time to focus on other important roles within your company, all while still delivering the service and value you expect from your own.
For more information on how SafeSourcing can help your procurement efforts, or on our Risk
Free trial program, please contact a SafeSourcing Customer Service Representative. We have an entire team ready to assist you today.