Horizontal Exchange

May 10th, 2022

For businesses, this may not be the way to get your best price.


Today’s post is by Ronald D. Southard, CEO at SafeSourcing Inc.

For businesses, this may not be the way to get your best price.

While SafeSourcing is not an exchange per se, our services are horizontal in that we offer the same SaaS based white glove eProcurement services to customers in multiple industries such as Retail (all verticals), health care, distribution, sports and education to name a few. It is surprising how many industries can source the same products and services and try to do it in so many ways, often to lacking results.

The Horizontal exchange is an e-marketplace that facilitates transactions for goods and services across several industries. A horizontal e-marketplace connects buyers and sellers across different industries or regions. A horizontal e-marketplace can be used to purchase indirect products such as office equipment or stationery.  Horizontal exchanges focus on leveraging expertise in a particular business process across number of industries. Service industries lend themselves well to a horizontaexchange. The most active horizontal exchanges today are competing in the realm of e-procurement.

If you are using a horizontal exchange,  and you’d like to learn more about how SafeSourcing can source your products and services for less, please contact a SafeSourcing customer services associate.


Source: http://EzineArticles.com/3740530

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