Archive for the ‘Uncategorized’ Category

SafeSourcing Announces the Release of a New White Paper

Wednesday, November 29th, 2023

 

Mason, OH – November 28, 2023 – SafeSourcing, Inc., a leading eProcurement company offering a complete Procure to Pay suite of applications supported by their White Glove Seven Step (7) managed services program, has announced they will be releasing a new white paper titled Successfully Sourcing Categories!

In this new white paper titled “Successfully Sourcing all Categories”, CEO Ronald Southard dives into the details as to what it takes to run successful sourcing events and shows the results that can be achieved when the legwork and required research are completed properly.

This white paper is among many that Ron Southard, an industry leading procurement expert, has published over the years The white papers aim to educate those in the procurement field on the nuanced details of what the procurement space has to offer when approached correctly. The white paper will serve as a guide and a tool for those in the industry on what steps can be made to achieve more success in their own sourcing efforts and to demonstrate the overwhelming value of a procurement partner such as SafeSourcing into any organizations sourcing environment. Other titles can also be found at this link to the SafeSourcing Website.

The white paper will be available to industry professionals and the public via the SafeSourcing website, www.safesourcing.com and LinkedIn.

SafeSourcing, Inc. provides cost effective tools under the SafeSourceIt™ product family that allows companies to dramatically reduce cost of goods, capital spending, and expenses in a timely manner while also reinforcing environmental and product safety programs. Focus is placed on a company’s entire spend for all products and services. SafeSourcing’s early-stage client engagement is specifically focused on cost reduction through the use of a detailed seven step, white glove process using the SafeSourceIt™ e-RFX application suite. Visit www.safesourcing.com to learn more.

Contact Information:

Marketing Department, marketing@safesourcing.com 888-261-9070

Happy Thanksgiving Weekend 2023 from SafeSourcing. Who were the Pilgrims?

Wednesday, November 22nd, 2023

 

Todays post is by Ronald D. Southard, CEO at SafeSourcing Inc.

According to the Mayflower Society, as history has evolved, any of the 102 Mayflower passengers who arrived in Plymouth on the Mayflower and survived the initial hardships is now considered a Pilgrim with no distinction being made on the basis of their original purposes for making the voyage.

The Mayflower Pilgrims and their fellow travelers were authors of the first true governing document created in a New World colony. The Mayflower Compact is considered to have set the stage for the Constitution of the United States.

These were the same pilgrims that were responsible for the holiday we celebrate today called Thanksgiving.

We wish you and yours a peaceful and happy extended holiday weekend.

Remember to say thanks to all veterans today, and every day!

Friday, November 10th, 2023

 

Today’s post is from Ronald D.  Southard, Founder and CEO at SafeSourcing Inc.  I am a very proud USAF Veteran. I began my supply chain career as an Inventory management specialist 645XO in the War Materials Department of Base Supply during the Vietnam War. The logistics involved at the time are still advanced to many things industry is doing today. What an education. Thank you to all my veteran brothers and sisters for your service past present and in the future.

SafeSourcing is extremely proud to be a Veteran founded and owned company.


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

 

Short Shipments and Higher Costs!

Thursday, November 2nd, 2023

 

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

We guarantee our results, so if we can’t fix your problem you don’t have to pay us.

At SafeSourcing, we help buyers save considerably on costs by providing tools that enhance the ability to do business in a better, safer, smarter, more streamlined, and cost-effective way. Our Customer Services team is one of the best in the industry at complimenting existing procurement teams to help structure and develop projects in less time for better results. Our flexible service offerings and suite of e-procurement tools deliver savings that can be referenced that are greater than 10 times the cost of our services. Improve GM and Earnings by clicking here, it will come directly to me.

Don’t keep suffering the same problems and answering managements same questions.

Reach out Today

He Who Has the Gold or BITCOIN

Thursday, September 14th, 2023

 

 

Today’s re-post with a twist is written by Ivy Ray, Senior Procurement Specialist at SafeSourcing Inc.

Most people are familiar with the phrase, “He who has the gold, or BITCOIN today makes the rules”, believed to be coined by the writers of the comic strip “The Wizard of Id” originally published in “The Dallas Morning News” in 1964 and later became syndicated. The phrase has been commonly used in reference to oil, one of our most lucrative resources. Currently the oil of the digital era is data. Data rules the world and technology is changing our economies, societies and daily lives.

Our personal data is constantly being collected by retailers and service providers that we utilize every day. Initially this practice was designed as an effort to discover the customers’ likes, dislikes, preferences, needs, and goals and then use that information to shift gears to better meet their needs in the future. Also this assists the supplier in retaining customers by creating incentives for repeat purchases. Our data is valuable and we give it freely in exchange for access, or for discount offers and select promotions.

In some cases, it simply gets taken from us by use of Artificial Intelligence (AI) software such as Facial Recognition Systems and Intelligent Virtual Assistant (IVA). Apple’s Siri, Amazon’s Alexa, Microsoft’s Cortana, and Google Assistant are at the forefront, so it’s no surprise that the current giants that “deal in data”, are Google, Amazon, Apple, Facebook and Microsoft. They are the five most valuable listed firms in the world. Amazon has been systematically collecting data from its customers since its inception as a book reseller in the mid ‘90s and now runs a cloud service and it’s the most powerful cloud service in North America. The global intelligent virtual assistants market size is expected to reach USD 25.63 billion by 2025.

Information from marketing campaigns, customer service inquiries, and purchase histories are encoded and used to run predictive analytics, and projections. The data utilized must be based on complete and correct data. If the data is not complete and correct then projections will have limited value. We all create and utilize data daily. Creating quality data the first time saves time and money in the long run.

Although data is an essential tool, it is only as valuable as its quality. Remember the garbage in, garbage out (GIGO) concept, the quality of output is determined by the quality of the input. As Albert Einstein once said, “Not everything that can be counted counts, and not everything that counts can be counted.”

For more information on how SafeSourcing can assist you in exploring your procurement solutions for your business efforts, or on our Risk Free trial program, please contact a SafeSourcing Customer Service Representative. We have an entire team ready to assist you today.

We look forward to your comments.

 

Social Media Influence

Wednesday, August 16th, 2023

 

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

We all know how social media has impacted our social lives, but how is it affecting other areas of your life?

As many other people do when we get a little bit of down time, I sometimes scroll through the popular social media sites for a little bit of a distraction and entertainment. Something I have recently noticed, though, is the shifting content within those platforms. It shouldn’t surprise me to learn how much money is being spent on marketing and advertising on the platforms I go to reconnect with friends, yet I am still surprised at the trends. It seems that more and more content rarely makes its way to me, yet I see advertisement after advertisement for things deemed to be in my interest based on algorithms and history. In fact, it often makes me less inclined to use those platforms because I get tired of the endless advertising.

Just like television, newspapers, and magazines, marketing seems to have taken up permanent residence in all the electronic and digital platforms, but this time likely at a price I suspect might be no small number. So how do you get your company or organization out there and get some recognition and potential new business? For many organizations, they simply cannot compete with larger companies and cannot foot the bill for the type of social media advertising that really makes an impact.

This is how working with a procurement partner can help. Whether you are selling goods or buying goods, a procurement partner, like SafeSourcing, can help connect you with other organizations that are also looking to buy or sell goods or services. A partner like this can help connect you using RFQ tools that provide the right companies, products, and services together for everyone’s gain.

Contacting a procurement partner could be the right way to go if you have found that the high cost of advertising and declining overall opinion of those platforms are not the way your organization would like to go.

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.

Continuous Replenishment (CRP)

Wednesday, August 2nd, 2023

 

 

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

Does following a CRP Program ensure that you are getting the best market price at all times.

Continuous replenishment is an ordering process based on the exchange of electronic data between a store and a distributor that indicates when a store is running low on a product and needs a new shipment of the item. CRP programs reduce inventory levels and operating costs by having products delivered on a frequent, as-needed basis. With CRP, consumer demands–based on scan data, warehouse movement, and sales forecasts— drive warehouse replenishment orders and shipping. In the most common form–vendor managed continuous replenishment– the distributor‘s warehouse transmits data daily to the vendor on inventory levels and store orders; the vendor is responsible for creating the orders necessary to ensure that the warehouse can meet the retailer ‘s product needs.

If you’d like to learn more about SafeSourcing’s  E-Procurement solutions that can assist in making sure that your costs are as low as the market will possibly allow, please contact a SafeSourcing customer services associate.

Want to make your smart thermostat even smarter at home and the office?  

Tuesday, July 18th, 2023

 

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

A few years back I wrote a BLOG about smart thermostats.  In this Blog I wanted to touch base on something that you can do to make your house even more comfortable if you have a smart thermostat or are thinking of purchasing one.  A friend of mine told me about these add on sensors that you can purchase for some smart thermostats that allows you to help control the temperatures in other rooms of the house that may be warmer, or cooler based on their location.  Using these sensors, you can let your thermostat know which room or rooms should be at a certain temperature at certain times of the day.  All you have to do is place the sensor in the desired room either by hanging it on the wall or placing it on a shelf or table.  You can have multiple sensors throughout the house and prioritize each sensor using the app.  For example, if you work from home and your home office is too hot or cold during the day you can set the temperature and time for that sensor and the thermostat located elsewhere will use that sensor and make the temperature in that room the temperature that you programmed.  You can then have another sensor in your bedroom and program that sensor for a certain temperature at night and the thermostat will adjust so that the temperature in that room is set at the programmed temperature for comfortable sleeping.  And like I stated in the last BLOG, using a smart thermostat and these sensors can save you approximately 20% on your heating and cooling.  Below are some other benefits of a using smart thermostat.

Benefits of a Smart Thermostat

  • Save a lot of Money.
  • Reduce Energy Use which saves more money.
  • Control Remotely
  • Displays Energy Consumption in Real Time

At SafeSourcing, we can gather all the necessary information for you and help you decide what thermostat fits you or  or our businesses  needs as well as any other area of your energy costs.

 

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 t

Ten intangibles we bring to the table from our associates in a recent internal survey!

Wednesday, July 12th, 2023

 

 

Todays post is from Ron Southard, CEO at SafeSourcing.

I am very proud of the results of a recent internal survey that identified 80 intangibles that our employees and management believe SafeSourcing brings to our customers. Here are ten that have a great impact on our customers.

  1. SafeSourcing’s staff is passionate about Saving Companies money.
  2. SafeSourcing is willing to develop new solutions or strategies to meet our client’s needs.
  3. SafeSourcing’s staff is willing to put in the extra effort needed to meet our client’s timelines.
  4. SafeSourcing’s employees bring extreme category knowledge to all events they execute.
  5. SafeSourcing develops and provides detailed custom reporting on complex events.
  6. SafeSourcing works to keep our costs low so we can offer an extremely competitive pricing.
  7. SafeSourcing’s white glove customer service is second to none.
  8. SafeSourcing’s leadership team truly cares about the wellbeing of their employees.
  9. SafeSourcing truly cares about sourcing safe products and services.
  10. SafeSourcing is committed to continuous improvement and desires to lead our industry.

If you would like more information on how SafeSourcing can help you improve your sourcing results,  or to learn more about our risk free trial, please contact a SafeSourcing Customer Services representative.

We have an entire team anxious to assist you.

 

 

A timely Repost of How do you control Maverick Buying?

Friday, July 7th, 2023

 

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

That is a two-sided question, isn’t it? When a product or service is under contract, and someone is then assigned the issuing of P.O.’s or ordering from a contract, they are not the buyer? And what if other parts of your company do not come to that person when they run out of something? Let us say it is as simple as copy paper. How do you are Work from Home associates restock when they run out? This is a pretty simple issue to address, however, most do not, and all of your negotiations buy an actual buyer, not user are wasted.

Maverick buying refers to any company or employee purchase that does not meet a company’s purchasing policy. This includes using off-contract methods of procurement and non-authorized purchases. Also called Rogue Purchasing, Maverick buying, for example, is when employees buy office articles at the local store around the corner instead of from the supplier with whom the company has negotiated a framework agreement and, therefore, specific discounts. Maverick buying makes the agreement with the supplier more expensive because the volume of the framework agreement is decreased or the goods are purchased at too high a price.

SafeSourcing is an eprocurement company that operates across multiple industries. We endeavor to act as an additional source of industry information on our website with our SafeSourcing white papers, daily blogs, SafeSourcing Wiki. We also monitor daily Industry Updates and Alerts as well as audit and offer vetted procedures to ensure contract compliance and utilization. To learn more, please contact a SafeSourcing customer services associate.