Archive for the ‘Uncategorized’ Category

Staffing Agencies May be the Solution

Friday, January 21st, 2022

 

 

 

Today’s post is by Troy Lowe; Vice President of Development at SafeSourcing.

With the news that 4.5 million workers quit their jobs in November, it reminded me that businesses should look at using staffing agencies to help fill the positions that they have open.  Some are calling this event the Great Resignation.  It does not appear that the workers are just quitting and walking away but they are taking a step back and making choices to change careers to better their work-life balance.  With this influx of new workers, it might be the right time for you to look into getting help finding the right talent for your business.  Using a staffing agency may help you save valuable time and money.

Hiring new employees can be a very daunting task.  Sometimes it can be a real struggle finding the right talent.  Even if you find the right talent the new hire may not fully satisfy your company’s needs.  This can result in wasted time and money.  As a result, a lot of companies choose to work with staffing agencies to help them find the right talent.  When done in-house the vetting process for a new hire can be very time consuming and expensive.  Staffing agencies can help with this because they do all of the vetting and may absorb other costs such as skill assessments, background checks, drug screenings, driving records and training.  Because of this, using a staffing agency ensures that you get qualified candidates that can come aboard and start being productive right away.  Below are some other reasons to consider working with a staffing agency.

  • Faster Hiring Process
  • Better Candidates
  • Save Money
  • Superior Market Knowledge
  • Lower New Employee Overhead
  • Performance Guarantees
  • More Effective Job Descriptions
  • More Access to Experienced Candidates

If you are planning to hire new employees and would like help finding a staffing agency, feel free to contact SafeSourcing.   We can gather all the necessary information for you and help you decide which one meets your needs.  If you would like more information on how SafeSourcing can help your procurement efforts, or on our Risk Free trial program, please contact a SafeSourcing Customer Service RepresentativeWe have an entire team ready to assist you today.

 

 

 

Amusement Park

Wednesday, January 19th, 2022

 

Today’s blog is by Margaret Stewart, Director of HR, and Administration at SafeSourcing.

When reflecting on the last two or so years since the emergence of Covid-19 and thinking about all the many things that have happened and changed since then, the best image I can use to express what this whole time has been like would be an amusement park (albeit a pretty unamusing one). There are a number of different ways an (un)amusement park and our world now are metaphorically similar.

First, it’s easy to get lost. Amusement parks are often pretty large, with endlessly winding roads and new shops and attractions around each bend. It’s difficult to navigate through the maze just as it is difficult to traverse through the world now with so many twists and turns. You may find yourself wandering around, looking for a good place to stop, only to find you are back where you started except no way out. Much of Covid-19 has been like this for so many people and there no gleaming exit sign to show us the way to go.

Second, it’s unpredictable. With each new twist and turn in amusement parks as well as Covid life, we can only guess what we think the future might hold and what will be coming next. Just like the roller coasters that go up and down, all around and back again, the market for so many goods or services (or even companies like GameStop) have been completely unpredictable. Many people have struggled to find things that they normally would an abundance of, like toilet paper in Covid life or just a toilet for amusement park life.

Third, it’s exhausting. With so much uncertainty and the inability to find rest both since covid and at amusement parks, naturally we grow weary of it. We may want things to change and go back to normal, but for now we can reminisce about days before Covid or amusement parks and look forward to a time when normalcy returns. Until then, we must keep striving on and doing the best we can, but there is some help out there. A procurement partner, like SafeSourcing can help you navigate the chaos of the market and help to source the goods or services that you have not been able to find.

For more information on how SafeSourcing can help your procurement efforts, or on our Risk

Free trial program, please contact a SafeSourcing Customer Service RepresentativeWe have an entire team ready to assist you today.

 

 

 

What Exactly are you Waiting For?

Tuesday, January 18th, 2022

 

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

I recently had a conversation with a procurement professional who is responsible for generating savings for his organization. His job is to use his skills to purchase goods and services at a better cost than they have been able to do previously. It’s simple and it’s common.

As you may know, this market has seen astronomical cost increases across nearly every category there is. This poses quite a challenge for the procurement professional as his livelihood depends on his ability to achieve savings.

Yet, there is a tendency within some organizations to view savings as a rigid formula where current cost – new cost = savings. I absolutely get that and have worked for many years to achieve that very goal consistently.

That said, the conversation must shift, and procurement professionals need to be held to a more realistic standard. In this market, cost avoidance is just as valuable. If an organization waits until the market allows traditional savings as defined above, then they will lose out on the savings they can achieve through cost avoidance.

Accepting vendors’ price increases as-is because “not is not a good time” to source a category is to agree to pay more than you have paid before. If you use tools like our eProcurement RFQ, for example, in this market, you might avoid that cost increase altogether.

What exactly are you waiting for?

Contact SafeSourcing with your procurement needs and we can help.  If you would like more information on how SafeSourcing can help your procurement efforts, or on our Risk Free trial program, please contact a SafeSourcing Customer Service RepresentativeWe have an entire team ready to assist you today.

 

 

 

 

 

Don’t lose your well-earned eRFX savings by delaying your Letter of Intent or Contract execution.

Thursday, January 13th, 2022

 

Today’s post is from our SafeSourcing Archives

In today’s post, we will be reviewing some of the issues that could occur when a Letter of Intent (LOI) or a new Contract, doesn’t get executed efficiently after a successful eSourcing RFX.

LOI or a Contract is delayed

When an LOI or a Contract is delayed, the savings identified in the RFX will not start accumulating until the first invoice from the new supplier or the incumbent supplier arrives post contract.  If a Contract is delayed, the RFX Host Company will have to pay the current contracts negotiated terms for products or supplies until the LOI and/or Contract is executed.  Depending on the volume of the items, it could equate to a lot of lost savings.

When RFXs aren’t awarded efficiently

One of SafeSourcing’s many service offerings is identifying historical categories to take to market.  Our goal is to create an RFX calendar that outlines future projects extending at least one year out. We then populate the calendar with past eRFXs that should be reruns due to previously negotiated contract expirations. We then identify upcoming potential spot purchases that are a result of our deep dive with our spend analysis tool into all category spending.  When RFXs aren’t awarded efficiently these rerun dates will change and as a result may cause future issues with the strategic selection of targeted dates for new RFXs. If you slip 5 months which we see way to often, and prices are headed up over 41% of your savings may be lost.

For more information on how we can help your business reduce spending and maintain savings or on our “Risk Free” trial program, please contact a SafeSourcing Customer Service Representative.  We have an entire customer services team waiting to assist you today.

We look forward to and appreciate your comments

 

Crypto Boom!

Wednesday, January 12th, 2022

 

Today’s blog is by Margaret Stewart, Director of HR, and Administration at SafeSourcing.

Possibly one of the biggest changes we have seen in the last 15 years or so, at least financially, has been the rise of cryptocurrency. Even in the last year or two alone, the number of different cryptocurrencies has soared. Perhaps you have wondered what it is, how you even begin, or what it all means economically.

Cryptocurrency is a digital currency that can be bought, sold, traded, or used electronically. In addition, it is also not issued by any country and therefore is not regulated by any origin country, which can allow for more freedom of use and less government regulation. This freedom from regulation and ease of transfer is a leading cause of the rise of cryptocurrency because all you need is a computer to make transactions. There have been downsides to the lack of regulation too. Often hackers will hijack a company website or database and demand cryptocurrency in exchange for the company information release. Because the nature of cryptocurrency being unregulated and secured by cryptography, it means it cannot be traced.

There are good things about cryptocurrencies too. Cryptocurrencies vary and there are a number of different ones out there. With some research, one can discern which currency they think will continue to grow and there are a number of different ways of beginning. One good way to begin is to choose an app or other platform from which you would like to buy, sell, and trade from. While most apps are free, there are varying fees for transactions and finding the right fee base is dependent on how much you plan on spending and how often you think you will make transactions. From there, you can link bank accounts or credit cards to purchase currencies and sell currencies. In some places – which are growing more common – you can even buy goods or services through cryptocurrencies, especially when linked to other pay platforms, like Venmo, PayPal, or others. SafeSourcing  now accepts Bitcoin and Ethereum as forms of payment for all of our services.

For more information on how SafeSourcing can help your procurement efforts, or on our Risk

Free trial program, please contact a SafeSourcing Customer Service RepresentativeWe have an entire team ready to assist you today.

 

 

 

 

Why do our procurement resolutions fail?

Tuesday, January 4th, 2022

 

With the New Year here we tend to use the occasion to set resolutions for ourselves surrounding changes we want to make in our lives. These changes are not isolated from the workplace, in fact millions of 2022 resolutions will directly apply to people’s jobs/careers. Many procurement professionals will look at their decisions and direction and begin to plan changes in those processes as well. Unfortunately for as many people who will try to make changes, many will fail to reach their goals and in today’s blog we will look at a few reasons why that happens.

People don’t know how to get there: There are many places in this world I want to go, some of them are not that far from my home, and yet without preparing directions, or in today’s world, loading a GPS device, I would have no idea how to get there. I may be able to head in a general direction but in time I would get lost and frustrated and head right back home. New changes to your procurement processes are no different. They require a plan of action, directions on where you are going, in order to get to where you want to be. This, of course, assumes a knowing of where you want to be and how to measure whether you actually got there which is all part of the plan.

People forget to take the baby steps: So many resolutions fail because people set goals of losing 50 pounds by June or quitting smoking or managing stress better with the perception that getting there is just a matter or wanting it bad enough or having enough willpower. Willpower like anything that is exercised takes time to get in shape you wouldn’t get off the couch and run a marathon the first day and neither should expect lofty goals and resolutions to be achieved on the first day. Starting with short term achievable goals that can provide momentum is the key. Instead of focusing on a lofty reduction of costs by 20% this year, focus on how you can reduce the time from project start to actual realized savings by 3 days or on including one extra supplier in the process to help you make better choices leading to higher value for the company.

People don’t really want to change: Some resolutions fail because we subconsciously want them to fail. The truth is many of us like to eat food that is bad for us and indulge in habits that are bad for us. Many others are afraid of bettering ourselves in our career because it may someday mean stepping out of our comfort zone into a world with different responsibilities and expectations. This can be especially difficult for people with more introverted personalities. One of your goals may be to increase new projects with new departments within the organization by 15%. In many cases this is going to require selling your department’s service and expertise to those departments and this can be a scary place for some professionals who are fine taking orders. To be successful in types of goals start by knowing where your strengths and weaknesses of your team are and whether you will be able to do the things necessary to achieve the goals/resolutions you are creating.

For more information on how SafeSourcing can help you with your projects, or on our Risk Free trial program, please contact a SafeSourcing Customer Service Representative. We have an entire customer services team waiting to assist you today.

We look forward to your comments.

Covid Excuses are becoming commonplace!

Friday, December 31st, 2021

 

Today’s blog is by Margaret Stewart, Director of HR, and Administration at SafeSourcing Inc.

Since the beginning of the Covid-19 pandemic, people across the globe have faced some extreme situations, from hospitalizations and death to lack of workforce and supplies. While the last two years have been a challenge to say the least, there are still lasting impacts on families, society, and businesses. There have been some great advances, however. We have seen the rapid development and rollout of several vaccines, the dedication and creative problem-solving decisions by schools and employers, and the rise of community help in times of need.

While there are many struggles for many people and businesses, the obstacles the world has overcome have been huge. These struggles for the last two years have started causing some consumers to be less forgiving for covid-related excuses. The reason behind this is that some consumers view the covid-related problems as something that can be expected and should be overcome, so not being able to fulfill business promises becomes the business’s failure to meet expectations and has not upheld the needs of the consumer.

Although not all problems may be predicted, some can be. Things like rising costs and lower supplies can be challenges and obstacles, but not without hope. Teaming up with a procurement partner, like SafeSourcing, can help your business or organization overcome some of the obstacles we all currently face and can help you find the products you need and avoid having shelf space go empty.

For more information on how SafeSourcing can help your procurement efforts, or on our Risk

Free trial program, please contact a SafeSourcing Customer Service RepresentativeWe have an entire team ready to assist you today.

 

 

 

 

Think You Can’t Save On Construction Costs? Think Again!

Wednesday, December 29th, 2021

 

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

For those that follow the industry, you already know that the constraints placed on the construction industry are causing rising costs and limited availability of key construction materials. While I can certainly understand how this is a challenge for most organizations because they are being challenged on just about every procurement need they have, I also have seen how some rise to the challenge and overcome it.

For an example, let’s looks at a couple of recent RFQ event we hosted for a large real estate development company. Using recent quotes and costs from September, we were able to establish a previous baseline cost for items they needed. These ranged from appliances to doors to windows. What we learned was that the vendor community were telling us that the prices per their initial quotes had risen yet again in the last three months by somewhere between 15% and 20%.

What would you do in that situation?

Here’s what SafeSourcing’s customer did. As a result of their RFQ events, they established savings opportunity between 5.6% and 9.4% against the September prices. That’s remarkable in this market and leaves one to question what the real costs are and just how much of the price increases being passed along by vendors is necessary based on the market conditions and how much is margin.

There’s only one way to know.

The only thing to do as a buyer in the face of frequent cost increases of this size is to push back and verify. The best way to verify whether your vendors’ prices are fair is to invite open competition. The best way to host that is with a full-service eProcurement provider like SafeSourcing. To do anything less is to leave these purchases to chance and to risk becoming a high-margin account for your vendors in the name of “the market.”

For more information, please contact SafeSourcing, or keep overpaying!

 

 

Twas the day after Christmas!

Monday, December 27th, 2021

 

Twas the day after Christmas

When all through the land

People were still smiling and happy

Because their holiday had gone just as planned

With malls to be visited and unwanted gifts to return

And exercise to be done and all those extra calories to burn

Most offices are still quiet as their staff s celebrate

While others rush to close out their years business before it’s too late

There’s a new year  coming full of lots of new stuff

We all hope with this congress life doesn’t get any more tough

For businesses public and private and individuals too

Who would all rather focus on what’s exciting and new

Like jobs and raises and a positive end of year review

So on Trump and Pelosi with congress hopefully in tow

Let’s get back to Washington

And end this year with some glow.

Happy Holidays from Safesourcing

We wish you all a very Merry Christmas 2021 and the hope for Peace on Earth.

Saturday, December 25th, 2021

If you can indentify these folks below, We hope they grant you and yours all of your wishes.
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