Archive for the ‘E-procurement Solutions’ Category

Who are we? Who are you?

Thursday, April 24th, 2014

Today?s post is by Alyson Usserman, Account Manager at SafeSourcing.

I started at SafeSourcing on February 17th. I had interviewed multiple times, and came in ready to learn. Whenever anyone is hired on for a job, friends, family, and random people ask, ?What will you be doing?? Well, for some, that could be a potentially tricky question to answer. I found this question particularly cumbersome because, at the time, I knew what I would be doing, but I didn?t know. I didn?t know that this business is actually pretty tricky. For instance, when you say, ?live reverse auction,? people have one of two reactions. Either they have no idea what you?re talking about, or they absolutely hate them because of prejudgment or a bad prior experience.

While having a conversation last night with Arbonne?s CEO, Kay Napier, she asked me how I currently supported my family. I told her that I work for a procurement company in Dayton, Ohio. She seemed shocked while saying to me, ?I dislike things like that.? It?s a little daunting to have a CEO of a major company stand there and say that she dislikes your job. Talking with her more, I discovered that a past procurement company had promised more than they could provide in savings, a ?fool proof system? that didn?t work, and overall poor customer service. She too, told me that she was shocked after talking with me, and informed me that I was a great saleswoman.

Sometimes, people prejudge a process before actually knowing anything about it. In procurement that is one of the main obstacles I deal with every day. I will call a supplier to see if they have a particular product and then I am asked, ?What company is that, what do you do?? and they become focused on what we do when I am trying to ask questions of them, and their company.

SafeSourcing is a procurement party that is trying to help companies, not hinder them. For more information on how we can help you with your procurement needs or on our ?Risk Free? trial program, please contact a SafeSourcing Customer Service Representative.? We have an entire customer services team waiting to assist you today.

We look forward to your comments.

SafeSourcing’s entire Software Suite is a CLOUD based SaaS solution family.

Wednesday, March 26th, 2014

It’s a brave new world and changing every day. Solutions take less time to get to market due the open source alternatives to traditional development methodologies. The fact is you simply do not need the IT staff from the past to develop and support applications today. And that is why you can buy what you need  when you need it for less than any other company in the procure to pay space from SafeSourcing. If you want to run a single project or automate your entire procurement function, let’s talk.

SafeSourcing recently released our Procure to Pay Suite of applications under the SafeSourceIt™ banner as follows.

1. SafeSourceIt™ eRFX tools including Reverse Auctions
2. SafeSurvey™
3. SafeContract™
4. SafePO™
5. SafeCatalogue™
6. SafeSourceIt™ Global Supplier Database
7. SafeSourceIt™  Product and Services Specification Library

All of the above solutions are offered as a SaaS based cloud offering and can stand alone or function as a sophisticated integrated solution. Customers can buy and use what they need when they need it at the lowest costs in the industry

If you’d like to learn more about our tools or our customers please contact a SafeSourcing customer services representative.

We look forward to and appreciate your comments.

Don?t Overpay for Office Supplies

Thursday, March 20th, 2014

Today?s post is by Sarah Kouse; Project Manager at SafeSourcing

You may or may not know this, but the standard internet price for office supplies is overpriced. With the following ways below, you have the opportunity to obtain an optimal amount of savings.

Price: Ultimately, the standard internet price still has quite a bit of a markup for Office Supplies, especially Office Furniture. Request for Proposals and Request for Quotes can help drive down the price to make sure you are receiving the best price possible. The higher the quantity and total spend, the more savings Office Supply companies will be willing to give you.

Account Conversion Incentives: Many companies will offer an additional savings to either gain or even maintain the business. If the current incumbent feels threatened that you could potentially take your business elsewhere, they may be willing to provide you additional money to stay with them. The more of the opportunity at stake and the longer contract term, the more incentives that will be offered to you.

Category Discounts/Market Baskets: Collecting Category Discounts and Market Baskets are other additional ways to achieve further savings on top of the other two ways above. One benefit of Category Discounts and Market Baskets is that these percent off savings can be applied to additional items, not part of your current general ledger, purchased in the future.

Here at SafeSourcing, we can help ensure you receive significant savings with your Office Supply needs. The average savings can be anywhere from 10% to 20%, and can be even greater as well depending on the items and/or total spend. For more information on how we can help you with your procurement needs or on our ?Risk Free? trial program, please contact a SafeSourcing Customer Service Representative.? We have an entire customer services team waiting to assist you today.

We look forward to your comments.

Don’t Overpay for Office Supplies

Thursday, March 20th, 2014

Today’s post is by Sarah Kouse; Project Manager at SafeSourcing

You may or may not know this, but the standard internet price for office supplies is overpriced. With the following ways below, you have the opportunity to obtain an optimal amount of savings.

Price: Ultimately, the standard internet price still has quite a bit of a markup for Office Supplies, especially Office Furniture. Request for Proposals and Request for Quotes can help drive down the price to make sure you are receiving the best price possible. The higher the quantity and total spend, the more savings Office Supply companies will be willing to give you.

Account Conversion Incentives: Many companies will offer an additional savings to either gain or even maintain the business. If the current incumbent feels threatened that you could potentially take your business elsewhere, they may be willing to provide you additional money to stay with them. The more of the opportunity at stake and the longer contract term, the more incentives that will be offered to you.

Category Discounts/Market Baskets: Collecting Category Discounts and Market Baskets are other additional ways to achieve further savings on top of the other two ways above. One benefit of Category Discounts and Market Baskets is that these percent off savings can be applied to additional items, not part of your current general ledger, purchased in the future.

Here at SafeSourcing, we can help ensure you receive significant savings with your Office Supply needs. The average savings can be anywhere from 10% to 20%, and can be even greater as well depending on the items and/or total spend. For more information on how we can help you with your procurement needs or on our “Risk Free” trial program, please contact a SafeSourcing Customer Service Representative.  We have an entire customer services team waiting to assist you today.

We look forward to your comments.

Retail spend management basics for e-procurement professionals and knowledge workers.

Friday, March 7th, 2014

Todays post is by Ron Southard, CEO at SafeSourcing.

I meet with buyers, category managers and? other e-procurement knowledge workers on a regular basis that want to know what categories are the best to select in the short term to prove the benefit of e-procurement or e-negotiation tools. This quite honestly is not a bad approach for pilot selection as it creates an almost sure thing that results in a lot of excitement and the energy to move the process forward within a company.

Quite often before meeting with a new client, I will analyze their annual report and their summary P&L to get a good idea of where the opportunities are hiding that can have quick hit impact. However in order to have long term viability as a way to conduct the business of buying, a more detailed analysis is required. Quite frankly before you can even begin to discuss vendor or supplier selection, management or evaluation this process is critical to long term success.

Some of the key data required to prepare you for this analysis can consist of but is certainly not limited to the following. All of this data is readily available from a variety of industry sources. Quite often the data is a year old but you can bet it is better than anything else your customer may be using today.

1.?Research and accumulate your specific Industry data
2.?Analyze last years P&L, GL and other financial data sources
3.?Compare your cost of goods with your Industries averages
4.?Compare your gross margins with you Industry averages
5.?Compare your net earnings with your industry averages
6.?Conduct the same comparisons with selected retailers with whom you compete
7.?Compare your departmental sales and contribution margin results to those of your specific industry.
8.?Look for department level anomalies
9.?Look for specific product anomalies within major and sub departments.
10.?Select top categories that are below plan and outside industry average for cost of goods and margin.
11.?Select top products that are underperforming to industry averages and plan

An example of the above might be to look at the major department of grocery and the major category of pet care then drill down to the sub category of cat and dog products and a list of all accessories. Now look at what products are underperforming to the industry and plan.? Continue your analysis with other underperforming categories.

Ask your e-procurement provider how they can assist you in accomplishing this with their tools.

Please contact a SafeSourcing Customer Services Account Manager to learn more about our risk free trial and conducting a category discovery on your behalf.

We look forward to and appreciate your comments.

Of Purple Cows and Procurement

Tuesday, February 4th, 2014

Today?s post is by Steve Schwerin, account manager here at SafeSourcing.

I?m still reading Seth Godin after discovering him a few months ago.? He has authored numerous best sellers including Purple Cow and the Icarus Deception.? Though Godin?s expertise is marketing, it seems to me that almost everything he has to say, in some form, applies to procurement.? You can read about some of his ideas on Fastcompany.com.

In Purple Cow, Godin puts forth the idea that in a world overrun with great products, the way to succeed is to be extraordinary.? This of itself is not a new concept.? How Godin arrives at this thought may have a bit more impact.? He tells the story of traveling through France with his family and being enchanted at a countryside filled with ?storybook cows?.? After a while, though, the family stopped noticing the cows; the once enchanting had become ordinary.? He thought to himself that a purple cow, on the other hand, would grab their attention.? Examples of the strategy driving revenue for cities is fairly commonplace; people drive for miles to see something extraordinary in their minds whether it is to Deadwood, South Dakota to see the spot where Wild Bill Hickok died or the headquarters of the Longaberger company in Newark, Ohio shaped like a giant basket.?

What is your company?s Purple Cow?? It can be a product or a service.? Can you build the extraordinary without an extraordinary procurement company?

We, at SafeSourcing, are here to help you build your Purple Cow.? For more information on how we can help you with your procurement needs or on our ?Risk Free? trial program, please contact a SafeSourcing Customer Service Representative at 888-261-9070.? We have an entire customer services team waiting to assist you today.

We look forward to your comments.

Incremental Discovery

Monday, February 3rd, 2014

Today?s Post is by Michael Figueroa, Account Manager at SafeSourcing.

A procurement project?s development is a back and forth of exploration until all parties have a full understanding of each other. There will be extrenous variables that the procurement profesional will be unaware of, but as long as this is understood it doesn?t have to be a liability. These variables could be unspoken goals of the purchasing party, compliance issues buried under complexity of the law, unspecified product codes, private price forcasting data, unidentified exclusive corporate business agreements, usage, location, or price data, etc etc.

During the process to draw this information out, it will be discovered that there is additional information needed that you never even knew you needed until you asked a completely unrelated question. This is why developing a procurement project often occurs through incremental steps of discovery.

For instance, your first foray into the process may be to ask what the product or service is, what the spend is, and where it?s geographically located. During this first step you will identify NEW variables that need to be informed in your next step, which will uncover new variables to be informed for the next step, and so on. Each time you have a new conference call, sit down meeting, or document draft, the understanding between parties will increase with diminishing returns and with greater amount of detail:

  1. First draft: Understand 60%, Need 40% clarification
  2. Second draft: Understand 80%, Need 20% clarification
  3. Third draft: Understand 95%, Need 5% clarification
  4. Etc etc.

Your goal in the process should be learn what questions need to be answered. Starting with the wrong questions will often lead to developing a project where no one is even aware that you don?t have full understanding because of assumptions made through a SME?s own confirmation bias. Often times the purchaser and the supplier have many assumptions that are unique to their company or industry. It?s our job as procurement professionals to find them out, but if we don?t understand the key concepts behind how knowledge transfer works, we?re bound to make costly ommisions.

For more information on how SafeSourcing can assist your team this process or on our ?Risk Free? trial program, please contact a SafeSourcing Customer Service Representative.? We have an entire customer services team waiting to assist you today.

We look forward to your comments.

It?s Story Time!

Friday, January 24th, 2014

Today?s post is by Sarah Kouse; Project Manager at SafeSourcing

Everything in life always has a story behind it. There?s always a beginning, middle, and end to all experiences and situations. If you don?t have all the pieces to the story line, it leaves the story very choppy and senseless.

Here at SafeSourcing, we are always telling the full story, beginning, middle, and ending. The following are what?s involved in the beginning, middle, and end:

Beginning😕 When the story begins, SafeSourcing starts with research to obtain more information on the product or service to gather a list of vendors/suppliers that can offer the product or service. Once the research has been completed, we then reach out to qualify the vendors to identify that they are fit for what the client is looking for. When the list has been created and qualified, we then obtain approval of the list and any other event documents from the client.

Middle😕 Once the client has approved the list of vendors and the event documents, we then send out the invitation to participate in the RFI, RFP, or RFQ process. After, the invites have been sent to the vendors, we then follow up to confirm their receipt and determine if it is something they are interested in participating in. If someone has push back on the process, whether it?s questions on items, scope, or just the process, we work through to get their concerns taken care of. After the vendors have accepted or declined to participate, we continue to follow up with the vendors to keep them engaged in the process and make sure the process is still running smoothly.

Ending😕 The ending can be compared to the grand finale. This is the most exciting part, the results. Whether it is an RFI, RFP, or RFQ, we compile the results into a report package to present to the client. Involved in this report package is an Executive Summary, this truly tells the story of how everything started and finished. The ending results of the RFx and recommendations of what we recommend is based on the story that developed from experiences during the process with the vendors to physical results and information the vendors provided during this process.

Here at SafeSourcing, we ensure that the story is always complete and thorough. For more information on how we can help you with your procurement needs or on our ?Risk Free? trial program, please contact a SafeSourcing Customer Service Representative.? We have an entire customer services team waiting to assist you today.

We look forward to your comments.

It’s Story Time!

Friday, January 24th, 2014

Today’s post is by Sarah Kouse; Project Manager at SafeSourcing

Everything in life always has a story behind it. There’s always a beginning, middle, and end to all experiences and situations. If you don’t have all the pieces to the story line, it leaves the story very choppy and senseless.

Here at SafeSourcing, we are always telling the full story, beginning, middle, and ending. The following are what’s involved in the beginning, middle, and end:

Beginning:  When the story begins, SafeSourcing starts with research to obtain more information on the product or service to gather a list of vendors/suppliers that can offer the product or service. Once the research has been completed, we then reach out to qualify the vendors to identify that they are fit for what the client is looking for. When the list has been created and qualified, we then obtain approval of the list and any other event documents from the client.

Middle:  Once the client has approved the list of vendors and the event documents, we then send out the invitation to participate in the RFI, RFP, or RFQ process. After, the invites have been sent to the vendors, we then follow up to confirm their receipt and determine if it is something they are interested in participating in. If someone has push back on the process, whether it’s questions on items, scope, or just the process, we work through to get their concerns taken care of. After the vendors have accepted or declined to participate, we continue to follow up with the vendors to keep them engaged in the process and make sure the process is still running smoothly.

Ending:  The ending can be compared to the grand finale. This is the most exciting part, the results. Whether it is an RFI, RFP, or RFQ, we compile the results into a report package to present to the client. Involved in this report package is an Executive Summary, this truly tells the story of how everything started and finished. The ending results of the RFx and recommendations of what we recommend is based on the story that developed from experiences during the process with the vendors to physical results and information the vendors provided during this process.

Here at SafeSourcing, we ensure that the story is always complete and thorough. For more information on how we can help you with your procurement needs or on our “Risk Free” trial program, please contact a SafeSourcing Customer Service Representative.  We have an entire customer services team waiting to assist you today.

We look forward to your comments.

What positions SafeSourcing as an innovator in the eProcurement industry?

Thursday, January 23rd, 2014

Today’s post is by Ryan Melowic; Vice President of Customer Services at SafeSourcing

SafeSourcing was founded on core values that separate us from our competition.  These core values drive the SafeSourcing team and is a key element as to why we are more economical and achieves far better results with our eProcurement projects then does our competition.  The simple core values are:

1.  The highest quality results possible

2.  Keen attention to details

3.  Constant improvement

4.  Veracity and honesty in all the we do

To deliver high quality results SafeSourcing’s team of trained procurement specialists’ research and analyze indentified project categories.   Careful consideration is given to market conditions.  Any other key price drivers are researched and analyzed.   Understanding the category in depth is key to delivering high quality results.

In the eProcurement industry, Keen attention must be given to details.  The details are what allow vendors to compete for your business accurately.  If there is any  lack of clarity in the specification it could mean disaster for a project.

By being willing to constantly improve our process, positions SafeSourcing as an innovator in the eProcurement industry.  We listen to our customers and vendors feedback so we can improve our tools.  SafeSourcing’s procurement specialists participate in programs to further their procurement education.   We want to be the source for experience for all of your company’s procurement needs.

Customers and suppliers have to know they can trust our process.  By never wavering on veracity and honesty, SafeSourcing has proven we are a company to be trusted.  SafeSourcing will always keep this important attribute in mind with decisions we make.

For more information on how SafeSourcing can assist your team with eProcurement Solutions or on our “Risk Free” trial program, please contact a SafeSourcing Customer Service Representative to assist you today.

We look forward to and appreciate your comments.