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

I’ve enjoyed my conversations with Mahdlo Executive Advisors, specifically Eric Steller who is the Principal at Mahdlo and Andrew Teitscheid who is a senior advisor and CRO. We’ve been exploring  the procurement space over the last several weeks to try and understand how Mahdlo’s advisors and customers can benefit from the use of Procurement Best Practices, specifically “Procurement as a Service” or PaaS.

Today’s Video:

This video explores why Artificial Intelligence whose use grows in procurement daily may not be the be all, end all in the procurement space just yet. Specifically, as it applies to “Procurement as a Service”. We also spend a little time discussing Blockchain and Quantum computing to add a little spice to the conversation about my favorite subject, all things procurement.

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.

For more information on what the SafeSourcing team can offer you, or on our Risk Free trial program, please contact a SafeSourcing Customer Service representative. We have an entire team ready to assist you today.

Procurement as a Service

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

Oftentimes today companies will seek ways to streamline operations and enhance efficiency. One area ripe for innovation is procurement—the process of sourcing and acquiring goods and services necessary for business operations. Enter Procurement as a Service (PaaS), a modern approach that offers organizations a flexible, efficient, and cost-effective solution to manage their procurement needs.

Procurement as a Service (PaaS) is a model where a procurement partner assists or manages a company’s procurement activities, which typically include strategic sourcing, supplier management, contract negotiation, procurement transactions, and spend analysis. By leveraging PaaS, businesses can access specialized expertise, advanced technology, and scalable resources without the need for significant internal investments.

One of the most compelling advantages of PaaS is cost reduction. By implementing procurement functions, companies can reduce overhead costs associated with maintaining an in-house procurement team. Additionally, PaaS providers leverage their extensive supplier networks and negotiating power to secure better pricing and terms, resulting in further savings.

PaaS providers bring specialized knowledge and experience to the table. They stay up-to-date with industry trends, regulatory changes, and best practices, ensuring that their clients benefit from the latest insights and strategies. This expertise can be particularly valuable for companies lacking procurement proficiency or those entering new markets.

Business needs fluctuate, and PaaS offers the flexibility to scale procurement activities up or down as required. Whether a company is expanding rapidly or facing a downturn, PaaS providers can adjust their services accordingly, ensuring that procurement operations remain aligned with the business’s current needs.

PaaS providers utilize advanced procurement technologies and tools, such as e-procurement platforms, spend analysis software, and supplier management systems. These technologies streamline procurement processes, reduce manual tasks, and improve overall efficiency. As a result, companies can focus on their core competencies while the PaaS provider handles procurement intricacies.

Procurement as a Service represents a transformative approach to managing procurement activities in today’s dynamic business environment. By leveraging the expertise, technology, and scalability offered by PaaS providers, companies can achieve significant cost savings, enhance efficiency, and mitigate risks. As the business landscape continues to evolve, embracing PaaS can provide a strategic advantage, enabling organizations to stay competitive and focused on their core objectives.

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.

The following video as promised yesterday focuses on how companies that may have invested in technologies of alternative sourcing providers like Ariba, Coupa, GEP and others regardless of SaaS or Enterprise implementations can still take advantage of SafeSourcing’s Procurement as a Service “White Glove” Managed Services unique “Eight Step” process in order to drive incremental results while continuing the use of your competitive solution providers tools. While the SafeSourcing process has eight major steps, there are as many as seventy (adjusts based on cumulative learning) individual touch points. The vast majority of these are handled by our SafeSourcing Customer Services Team of Procurement Knowledge Workers with input from your team procurement team where needed.

Detailed Video Response to yesterday’s introductory post relative to SafeSourcing’s Procurement as a Service “White Glove” Managed Services unique “Eight Step” process. Please Click here to view.

SafeSourcing is a Procurement as a Service Provider that delivers significant financial results utilizing our  SafeSourceIt™ procure to pay suite of applications in order to deliver guaranteed improvements to companies’ gross margin, expense, and net earnings.

Our services are delivered utilizing our unique eight step white glove delivery model that can also be delivered using competitive procurement solution providers tools in order to improve your teams’ results. Our  SafeSourceIt™ Global Supplier Database that includes over 557,000 vetted and experienced vendor/suppliers provides our customers with access to suppliers that are responsive and interested in competing for your business.

To learn more please contact a SafeSourcing Customer Services Representative

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

I recently completed a series of interviews with Mahdlo Executive Advisors Eric Stellar Co-founder and Principal and Andrew Teitscheid CRO regarding our service delivery model and how it might be deployed using competitive solutions providers tools like Ariba, Coupa, GEP and others in order to improve upon a company’s results annually.

The following video is the third session and serves as an introduction to a detailed discussion that will be published tomorrow as to how and why our eight-step white glove service approach can improve operating results for companies year after year regardless of the tools they use.

Please click on this link to view the video. Linked In Interview

Please enjoy and I certainly appreciate your comments.

SafeSourcing is a Procurement as a Service Provider that delivers significant financial results utilizing our  SafeSourceIt™ procure to pay suite of applications in order to deliver guaranteed improvements to companies’ gross margin, expense, and net earnings.

Our services are delivered utilizing our unique eight step white glove delivery model that can also be delivered using competitive procurement solution providers tools in order to improve your teams’ results. Our  SafeSourceIt™ Global Supplier Database that includes over 557,000 vetted and experienced vendor/suppliers provides our customers with access to suppliers that are responsive and interested in competing for your business.