Simple Question? Do you believe you are getting the biggest bang for your buck?
Today’s re-Post is from our archives ar SafeSourcing
What was true three years ago, still is today!
Do you believe you are getting the biggest bang for your buck? We know you are not, because the data does not lie. Are you getting the best prices for your goods and services? What about your expense area or capital programs. Everyone would like to believe that they are. Many are not. Companies obviously buy larger volumes than a private buyer, and resultantly see better pricing. Unfortunately you are not always getting the best price. We have historical data that proves this. Typically you already have a vendor for your all spend areas. Any time you need to place an order you may send in a PO. Every once in a while you may see an increase in pricing with a reasoning attributed to rising index prices or something of the like. But how are you sure this should affect you and how can you tell is this is the best price for you?
SafeSourcing has launched a SafeCollaborative Sourcing Program which brings many of our clients together to increase buying their power. By combining our clients’ like items and taking them out to market, we can increase the volume needed and, therefore, decrease the price. We will be looking to take a Plastic T-Shirt bag event out to market within the next month. This is a great opportunity for everyone to participate in an event for an item everybody needs. While most companies may have their own particular specifications regarding size, mil, weight, and color, these bags typically are sold by the same vendors and manufacturers. So combining everyone’s needs we can ensure a lower price for a higher volume therefore helping you get the lower price.
We have run collaborative events for just about anything you can source. Temporary Drivers, Legal Services, Healthcare, Landscaping, Real Estate as well as the more common daily use items like paper goods. There really is no category that we do not have expertise in. We run them dozens of times per year, companies run them once every year or three. Who do you think has the most experience in the current market? We also know where every single vendor in the space is regardless of geography. You may not.
If you have something you would like to have us take to market, we are sure there are a few more clients that would like to join and take advantage of these savings. Please contact a member of the SafeSourcing team for any inquiries or RFQ events you would like us to help with.
For more information on how SafeSourcing can assist you or on our “Risk Free” trial program, please contact a SafeSourcing Representative we have an entire team waiting to assist you today.