Determining how and where to start with eProcurement
Today’s post is by Dave Wenig, Vice President of Sales and Services at SafeSourcing.
Years ago, I wrote another blog posting called “Getting Started.” At the time, this topic was among the most common in all of the conversations I had. All this time later, that is still true. While the titles have not been as direct as that first blog, I have written several others that share this theme. Today, I am revisiting this again. In “Getting Started,” we considered some basics which I’ll seek to update here today.
One of the basic points that we considered back in 2012 was the importance of leveraging your eProcurement Services provider as a partner to help establish a plan. This is even truer today than it was then. Like in many fields, constant improvement and innovation has greatly changed the world of Strategic Sourcing. One way that your partner is able to help you develop a plan better today than in the past is through advances in analytics. Offerings like SafeSourcing’s own SafeSpendAnalysis™ which allow for increased visibility into a company’s spend have been vastly improved over the last few years. The insights that tools like this generate fill in enormous gaps in the knowledge that an organization has and also give that organization the tools to create a plan that is based on actionable intelligence. Now, more than ever, you should rely on an experienced partner as you get started.
In the blog from 2012, I also wrote about relying on the experience of your partner as you get started. Along with the tools and the understanding needed to determine your plan, your partner can also help you execute against that plan. A partner like SafeSourcing will have many years of experience to call upon which includes specification templates, suppliers, strategic advice, and more.
In 2012, I wrote that “The next question you will ask is “why didn’t I start sooner?” If you haven’t started yet, I encourage you to do so. In the last several months, I’ve had that exact conversation as our clients have realized the capabilities of eProcurement and have lamented about lost savings opportunity because they sourced products and services before they engaged with us and know they have likely overpaid.
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