All of you Retailers are paying way more than you should be for just about everything.

November 7th, 2023

Is it because of this inflation BS or are you just scared to test the market.


Today’s post is by Ron Southard CEO and Chief Money Saver at SafeSourcing Inc.

The pandemic scared everyone. The retail industry had moved largely toward single source supply chain initiatives. The last two years has not really seen much movement away from that. The result is that retailers are paying way too much for everything. As a good cop in this equation, I try to keep customers and prospects informed as to market movement on as many commodities, supplies and services as I can. It’s pretty easy, because I can actually look back at what retailers were paying two to four years ago and I can compare it to what other retailers are paying now. The best I can do with that information is share it in a nonspecific way. Example: Two Years ago, you paid X for Y. Last week another customer ended up paying X for the same Y. They are paying less than you are.

My reaction to the above would be, tell me more and tell me how soon we can fix it. In fact, SafeSourcing has reduced its costs on everything we do including interest rates on all types of debt. We can do the same for you.

I know planning for the future and worrying about what to do about shrinking labor pools or lack of shift workers or how to attract more customers away from one format (fast food to C-Store) to yours is all top of mind, but many a fine MBA professor has told their students ITS ABOUT THE MONEY. What are the two most important things to a retailer? People (customers) and Money (cashflow/profit).

I can help you get there sooner rather than later.  Or maybe you’re just waiting to be bought out or get fired.

SafeSourcing is a Procure to Pay SaaS based Managed Services provider of a number of e-Procurement solutions and associated white glove services that are part of our SaaS offered SafeSourceIt™ eSourcing suite . Our average annual savings against all categories are in excess of 24%. Think about what those numbers would do to your bottom line whether they are from cost of goods or expense. Protect your precious headcount because it is the right thing to do,

For more information, please contact a SafeSourcing Customer Services Associate.



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