Today’s post is by Ron Southard, CEO at SafeSourcing Inc

We have just finished refreshing our website while taking a slight rebranding action that positions SafeSourcing as a Procurement as a Service provider of strategic sourcing solutions. While our SafeSourceIt™ continues to be deployable in a Software as a Services model, our SafeSourceIt™ family of products can all be delivered via our white glove service approach that can also be deployed using our competitors’ or customer developed products.

Our mission is pretty strait forward. SafeSourcing assists our customers in reducing costs to increase gross margins and net earnings while supporting their growth plans and maintaining and or retraining where necessary their employee headcount that may be displaced by cost reductions.

SafeSourcing was Founded in 2008 and is an e-procurement company offering a complete cloud based procure-to-pay suite of applications and services under our SafeSourceIt™ banner.

We are very proud of our cloud-based offerings that include our SafeSourceIt™ eRFX sourcing suite,   offering eRFI’s, eRFP’s and eRFQ’s. SafeSourcing has evolved to offer additional cloud-based solutions including SafeContract™, SafePO™, SafeDocument™ and our SafeSourceIt™ Global Supplier Database that includes over 557,000 vendor/suppliers that want to bid on your business. All are supported vis SaaS and PaaS models.

Today, SafeSourcing is a global Procurement as a Service (PaaS) provider. This means that we can deliver our services using our own platform or competitive platforms that our customers may have already purchased but may not be achieving the benefits for which they had hoped. We accomplish this through our unique “Eight Step” detailed White Glove managed delivery program.

SafeSourcing has been able to deliver savings on all areas of cost including cost of goods, expense, and capital. We have averaged twenty-four percent more than our customers were able to negotiate on their own. As such, our historic ROI is greater than ten times and in many cases, companies receive an ROI on their subsequent roll-out during our guaranteed pilot stage.

If you are interested in further information, please contact a SafeSourcing customers services representative.

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

With the prices of vehicles, the way they are now I am sure you are like everyone else and trying to find a way to keep your existing vehicles longer.  That means that you need to follow the maintenance schedules for your vehicle and hope that this will help extend the life of the vehicle.  Just like keeping yourself healthy, you need to routinely maintain your vehicles so that bigger problems do not arise.  To check and see what items need to be maintained and how often you can refer to the manual that came with the vehicle when purchased.  One of the biggest clues to a problem is when the check engine light comes on.  In order to see why the light is on you can go to your local mechanic or you can purchase an Onboard Diagnostic II (OBD-II) scanner.  Below is a BLOG that I wrote a few years ago explaining OBD-II scanners and how to use them to diagnose your vehicles issues when the check engine light is on.

An Onboard Diagnostic II (OBD-II) scanner is a device that is used to read information from the computer within vehicles that were built after 1996.  There are two types of OBD-II devices.  The first are basic code readers which can read and clear codes.  The second are scan tools which can provide more information about specific codes and provide access to recorded and live data.  The scan tool is the more expensive of the two and offers a variety of features not found in the basic reader.  The devices are fairly simple to use and connect to a standard connector usually located under the dash.  Some of the devices are Bluetooth or Wi-Fi enabled and can connect to your smart phone using apps that are available for download.  There is many apps available that offer unique features, you just need to make sure it is compatible with your OBD-II device you own.  To use the scanner, simply plug the device into the vehicle’s connector, connect to the device using your smartphone and then open the OBD-II application.  The most common use for the device is reading current trouble code(s).  These are codes that can be given off by the check engine light, check transmission light, ABS light, airbag light or other modules.  These codes can be accessed and cleared by using the downloaded application.  Depending on the application you may also be given additional information about the trouble codes such as possible causes and possible fixes for the recorded code.  Below are some other diagnostic features that are available with a scan tool and compatible application.

• Engine Temperature
• Fuel Rate
• O2 Sensors
• MAF Airflow Rate
• Batter Voltage
• Vehicle Speed
• RPM

If you would like some help finding the right scanner, we can gather all the necessary information for you and help you decide which one will meet your needs.  If you would like more information on how SafeSourcing can help you, please contact a SafeSourcing Customer Service representative.  We have an entire team ready to assist you today.

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

Businesses today are continually searching for ways to streamline operations, reduce costs, and gain a competitive edge. One of the most significant advancements in this journey is the convergence of e-procurement and artificial intelligence (AI). This powerful combination is not just transforming procurement processes but is also setting the stage for a more efficient, transparent, and responsive supply chain ecosystem. Artificial Intelligence has been a game-changer across various industries, and procurement is no exception. When integrated with e-procurement systems, AI brings a host of benefits that fundamentally reshape how businesses manage their purchasing activities.

One of the most significant advantages of AI in e-procurement is its ability to analyze vast amounts of data quickly and accurately. AI algorithms can process historical purchasing data, market trends, and supplier performance metrics to provide actionable insights. These insights enable procurement professionals to make informed decisions through a number of diverse ways.

The integration of AI into e-procurement is still in its initial stages, but the potential for growth is immense. As AI technology continues to advance, we can expect even more sophisticated applications in areas such as cognitive procurement, where AI systems can learn and adapt to the nuances of an organization’s procurement processes. Additionally, AI’s ability to process natural language and interact with users through conversational interfaces could lead to the development of intelligent procurement assistants that simplify the purchasing process even further.

As we move forward, the continued evolution of AI in e-procurement will likely usher in a new era of innovation, where procurement is not just a back-office function but a key driver of business success.

For more information on how the SafeSourcing Ai tools can help your organization, or on our Risk Free trial program, please contact a SafeSourcing Customer Service representative. We have an entire team ready to assist you today.

Today’s post is by Ron Southard, CEO at SafeSourcing Inc

According to Research and Markets, The Procurement as a Service Market is expected to grow from $7.4B in 2023 to $13.2B in 2030. That’s a CAGR of 8.65%.

As our customers know, we have shifted our focus away from Software as a Service where you use our tools to source your goods and services to Procurement as a Service where we use our tools to do it for you. An additional benefit here is that we will also do it for you using your tools like Ariba or Coupa and others. So, no lost investment. The benefit to you is the capability of taking more categories to market in a shorter period of time and get a better return on your investment. SafeSourcing’s average savings on eRFX  events over the last five years is greater than twenty-four percent. No one in the industry gets those kinds of numbers. SafeSourcing’s average tenure for our procurement knowledge workers is eleven years. So why hire someone new?

While our services cover all eRFX  types such as RFI’s, RFP’s and RFQ’s, SafeSourcing also provides services in Spend Management, Contract Management, Document Management and supports it all with our SafeSourceIt™ Global Supplier Database.

Talk to SafeSourcing about our unique “Eight Step Process” a White Glove Procurement as a Service offering for taking any category to market with our tools or yours.

Today’s post is from Ronald D. Southard, CEO of SafeSourcing Inc.

1. Interest on US debt was equal to 76% of income tax collected in June
2. Consumers are paying as much as 26% on credit card debt and can’t afford basic needs.
3. Non-bank lending rates are stupidly high, and terms are ridiculous.
4. Bankruptcies continue to mount.
5. In March 2024 alone, there were 59 new corporate bankruptcy filings most in part due to high interest rates.
6. Several notable retail companies have filed for bankruptcy in 2024.

Yup, the policies are working so let’s just keep doing what we are doing.

SafeSourcing can help you reduce costs immediately. Then you can share it with your customers and employees.

Don’t just sit around, do something.

For more information on how the SafeSourcing Procurement as a Service can help your organization, or on our Risk Free trial program, please contact a SafeSourcing Customer Service representative. We have an entire team ready to assist you today.