Don’t manually file your email anymore.

July 23rd, 2014

Experts weigh in on avoiding email filing time-traps

Today’s post is by Michael Figueroa, Account Manager at SafeSourcing

In my never-ending quest to squeeze more time out of each day, I find myself at odds with colleagues who believe that we MUST manually file away every email that touches our inbox into its own appropriate sub-folder to maximize efficiency. However, when I want to access an old email, I just type in a relevant email address or similar search term and, and within seconds, there it is. Of course my observation is strictly anecdotal, so let’s look at some empirical research.

     ● In a 2011 study by IBM it was said; “People who create complex folders indeed rely on these for retrieval, but these preparatory behaviors are inefficient and do not improve retrieval success. In contrast, both search and threading promote more effective finding” 1.
     ● The IBM study went on to suggest that the reason why people typically manually file their email is because they feel overwhelmed with the volume of messages they receive, and manually filing each message gives them a sense of control.
     ● Microsoft published a “best practices” guide to Outlook that made similar recommendations; “Reduce the number of places where you manually file messages. Reduce the mental tax of filing by relying on search to locate messages”2.  
     ● There are multiple technology reviewers and business consultants that repeat the “do not manually file” mantra from Harvard Business Review 3 , Mindtools , and Productivity Hacks , need I go on?

If you have an extremely slow computer or exchange server, or a shared group email address, or stringent archiving requirements due to legal concerns, etc, dispersing your email into multiple folders can definitely be beneficial. However, most of these process can be automated by setting up “move” rules for incoming mail, and don’t need for you to spend time manually clicking and dragging. There are a lot of reasons to manually file all of your incoming email, but efficiency is not one of them.

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.

[1]  Whittaker, Steve et al. “Am I wasting my time organizing email?: a study of email refinding.” Proceedings of the SIGCHI Conference on Human Factors in Computing Systems 7 May. 2011: 3449-3458.

[2] “Best practices for Outlook 2010 – Outlook – Office – Microsoft.” 2011. 11 Jul. 2014 <http://office.microsoft.com/en-us/outlook-help/best-practices-for-outlook-2010-HA102459562.aspx>

[3] “Tip for Getting More Organized: Don’t – Michael Schrage …” 2013. 11 Jul. 2014 <http://blogs.hbr.org/2012/01/tip-for-getting-more-organized/>

[4] Sarah Pavey. “Managing Email Effectively – Mind Tools.” 2011. 11 Jul. 2014 <http://www.mindtools.com/pages/article/managing-email.htm>

[5] “Productivity Hacks: I Empty My Inbox Every Day | LinkedIn.” 2014. 11 Jul. 2014 <http://www.linkedin.com/today/post/article/20140121110513-6126609-productivity-hacks-i-empty-my-inbox-every-day>

Understanding the underlying nature of competitive bidding when using e-negotiation tools.

July 21st, 2014

There are several important elements companies must understand in order to drive competitive bidding when using e-negotiation tools.

Todays post is from your team at SafeSourcing and is a question we get all of the time. Even from customer currently using e-negotiation platforms.

Competitive e-bidding is the process of a host company inviting and obtaining bids via the internet from competing incumbent and other suppliers in response to published specifications, by which an award is made to the best overall bid that meets or exceeds the specifications in areas such as price and quality.
 
The above process contemplates giving potential bidders a reasonable opportunity to bid, and requires that all bidders be placed on an equal playing field.

The purpose of competitive bidding is to stimulate competition, prevent favoritism, and secure the best goods and services at the lowest possible price, for the benefit of the host company.

Ideally each supplier must bid on the same documented specifications, terms, and conditions, but not necessarily for all the items. This can be a key to driving the savings you desire
 
When disassembling spends data companies should look at individual line items, product deciles groupings and potential market baskets that specialty suppliers may be able to provide bids for. This can reduce the opportunity for full service suppliers to manage the overall gross margin of their bids by certain high margin offerings and can resulting in  more competition and price compression.

Competitive bidding cannot occur where specifications, terms, or conditions prevent or unduly restrict competition, favor a particular supplier, or increase the cost of goods or services without providing a corresponding tangible benefit to the host company.

If you would like to look at ways to better analyze your spend data, contact a SafeSourcing customer services representative.

We look forward to and appreciate your comments.

Are you ‘too close’ to your company?

July 18th, 2014

A lot of individuals become so involved and engaged that they aren’t helping anymore, is this you?

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

Let’s talk about Bob for a minute. Bob is usually a great employee, he comes in early and leaves late, he even works from home on a regular basis. Bob is usually the first to volunteer when a new project is proposed to his company. He’s invested in the company, and in return, the company has invested in him.
 
Bob sounds like the perfect employee. However, he becomes so invested in his projects that he overlooks errors, and red flags. Sometimes, he overlooks the errors with strategy that could potentially arise and sometimes says, “This is how we always do it!” He yields average results for savings and sometimes does not understand why a procurement event didn’t go according to his “plan.” His strategy is usually the same, and he often neglects to take into account the factors that are associated with that particular industry. He has no idea if the plastic index has risen or fallen, he doesn’t always have a good supplier base, and sometimes, his events lead to subpar savings for his company.

Bob is overly invested, and cannot see the red flags that he is creating for his company. Bob is still a really great employee but maybe he needs some help with a fresh set of eyes and strategy. Maybe Bob needs someone to point him in the right direction depending on the product or industry. Or maybe Bob simply has too many tasks and not enough hours in the day.

If Bob sounds familiar, let SafeSourcing help. We have an entire customer service team that can help with your procurement needs. Please contact a SafeSourcing Customer Services Account Manager.

We look forward to and appreciate your comments.

Dog Days of Summer

July 17th, 2014

So, why is this time of year called that and what exactly does it mean?

Today’s blog is by Margaret Stewart, Executive Assistant at SafeSourcing.

So, why is this time of year called that and what exactly does it mean? Since the dog days of summer are fast approaching, now is a good time to look at that phrase and those other “dog” idioms we all know.

Dog Days of Summer. According to several sources, the Romans associated the hot weather with Sirius because it is the brightest star in the constellation, Canis Major, meaning Large Dog. As for the timing of Dog Days in the Northern Hemisphere, it usually occurs from mid-July through August.

Can’t Teach an Old Dog New Tricks. For any Mythbusters fans out there, you probably already know that this is false. You can, in fact, teach an old dog new tricks. The same idea can be applied to people and businesses too. For example, the old dog could be your company and the new trick could mean new technology. New tricks help keep businesses going strong throughout the years.

It’s a Dog Eat Dog World. This saying refers to how competitive the world can be, ruthless and without constraint.  This phrase can easily apply to business as well, more specifically how competitive an industry can be. When it’s a matter of eat or be eaten, learning a few new tricks could come in handy.

Every Dog has its Day. This means that everyone gets a chance, eventually. It is meant to motivate, especially if times are trying. This is especially true in business. If things aren’t going as planned, opportunities will arise, perhaps today.

Dog and Pony Show. This colloquialism refers to something highly promoted, hyped up, or overly-staged performance meant to sway the audience opinion, like in commercials or politics. This saying should regularly be kept in mind when referring to business. Recognizing a dog and pony show for what it is can help a business stay cautious of possibly poor or traumatic decisions.

It’s a Dog’s Life. This saying means that one’s life is hard, poverty-stricken, and poor. The saying shows its age because when first appearing in the 16th century, dogs did not have the life they often have now. For many of our K-9 companions, life is anything but hard. It may even be pampered as the pet care industry flourishes. In 2007, New York real estate tycoon Leona Helmsley infamously left a fortune to her pet Maltese. This has led to a new definition of “a dog’s life,” meaning to have a carefree, pampered lifestyle. You really can teach an old dog new tricks.

If you would like more information on how SafeSourcing can help your business learn new tricks 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.

There are challenges to every group and the development of the group is imperative to its success.

July 16th, 2014

Within every organization there is a time when new groups are formed to achieve a specific goal.

Today’s post is by Shelly Hayre; Project Manager at SafeSourcing.

Bennis and Shepard’s group development model (Bennis, W. G. (1956). A Theory of Group Development. Human Relations, 9(4), 415-437). explains two phases that a group will experience, with each phase has three sub-phases. The first phase groups experience is dependence. In this phase groups experience dependence, counter-dependence, and resolution actions. The second phase is interdependence. In this phase groups experience enchantment, disenchantment, and consensual validation.

Phase One Dependence

Sub-phase One – Dependence

This sub-phase is the start to a high performing group. This sub-phase is when team members spend time sharing information about themselves. The group is searching for a common goal to share within the group. They want to get to know each other, but also feel a lack of direction. The group is in need of the facilitator for direction.

Sub-phase Two- Counter-Dependence

During this phase groups begin to get hostile toward the structure of the group and facilitator. Members of the group begin to openly question the competence of their leader and openly express dissatisfaction.  The leader is not addressing the group’s needs and begins to express these concerns openly. The group will also try and impose structure within their group. They will work towards electing roles and forming an agenda.

Sub-phase Three- Resolution- Catharsis

Resolution is the final sub-phase of phase one, dependency. The leader starts to step down to allow the group to function on its own by assigning roles and responsibilities to members. Groups begin to discuss member’s roles and responsibilities. The attention and alertness of the group heightens and more time and attention is focused on “becoming a group”. The group begins to find its place in the setting and confidence is built within the group.

Phase Two Interdependence

Sub-phase Four- Enchantment- Flight

Enchantment, sub-phase four, begins the second phase, Interdependence. This sub-phase is when everyone becomes happy, cheerful, and friendly with each other. Issues and disagreements are ignored due to the level of happiness around the group. This sub-phase is when the group starts to plan parties, outings, and events to spend quality time with everyone. There is a level of comfort and bonding going on during this sub-phase. This level of “happiness” is short lived though. The breakdown of this sub-phase will lead into sub-phase five.

Sub-phase Five- Disenchantment- Fight

This sub-phase is when some separation in the group occurs. The group divides and begins to form subgroups. The team members will go out of their way to form subgroups within their group.

Sub-phase Six- Consensual Validation

The final phase of Bennis and Shephard’s Theory of Group Development is sub-phase six.  This phase forces group to examine themselves and members demonstrate self-awareness of their own involvement. Members begin to have meaningful discussion and effective problem-solving. The subgroups that may have been developed in sub-phase five fuses together to accomplish the task.

Knowing the phases a group will encounter may make the ride smoother. It can be very stressful at times. Regardless of the phases, you still have a common goal and the results delivered from your group will be the only important piece in the end. Did your group go through each phase or are you currently experience one of these phases?

At SafeSourcing, we can help your group with its common goal. We may not be able to help with sub-phase five, but we can certainly keep your team focused throughout each phase.

We look forward to and appreciate your comments.

Ref. (Bennis, W. G. (1956). A Theory of Group Development. Human Relations, 9(4), 415-437).

Developing a Starting Point – Part 2 of 2

July 15th, 2014

re you starting your documents over with each project or leveraging templates and processes to streamline the effort?

Today’s post is by Mark Davis; Sr. Vice President and COO at SafeSourcing.

Yesterday we discussed some of the template documents your procurement team and/or 3rd party strategic sourcing partner should be developing in order for your projects and those of other departments can go more smoothly.  Template supplier research, communication and Requests for Information/Proposal were the first items and today we will finish off three other areas that can benefit from having templates established in advance.

Terms & Conditions  – Terms and conditions are the one document that many procurement departments have spent a lot of time on and yet we still see that those documents have not been shared well with the rest of the organization and also that instead of developing 3 or 4 templates to fit projects for very different categories that a “one-size-fits-all” approach has been taken leaving subject matter experts to spend more time removing what doesn’t apply than if they had started from scratch.  Terms & conditions should have background about the company and established rules and guidelines for how a sourcing project is expected to flow from the timeline through payment terms to communication to where the responses should be submitted.  Having a separate document that details the slight differences some categories will need (index price reviews, samples, testing, reporting, etc.) should also be developed to help guide other departments in designing initial documents that protect the company.

Specifications – Specifications are going to different from project to project.  Sometimes they will be on file somewhere, sometimes they will be a cut sheet in a filing cabinet and sometimes they won’t exist internally at all.  It is difficult to come up with a “standard” for product and service specifications and many times your 3rd party strategic sourcing provider will have a good library any way.  What is important at this stage is to create templates that help business owners ask the questions of their suppliers, gather details and detail out what will be needed in order to source the category.  These types of documents can be standardized and like other sets of documents, should be broken out into at least 3 or 4 category types so the information gathered can be focused on that category.

Template Reporting – Standardizing reporting packages can be extremely beneficial to any procurement department because it can shape how a project is shaped before any details are gathered.   Knowing the information needed to make an award decision at the end will dictate how the project is structured to ensure that information is gathered and can be analyzed in true “apples to apples” format.  Many times the contract stage of procurement is very similar and the data needed for contracts and to make award decisions is also very similar.  Developing this in advance is a big key to strong sourcing projects.

For more information on how SafeSourcing can help your team develop your library of template documents 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.

Developing a Starting Point – Part 1 of 2

July 14th, 2014

Are you starting your documents over with each project or leveraging templates and processes to streamline the effort?

Today’s post is by Mark Davis; Sr. Vice President and COO at SafeSourcing.

When we deal with new customers we often find that even in large companies the presence of standard template documents, standard operating procedures, specifications and reporting templates is not a given.  Many times we spend the first couple weeks with a new customer just working with them to develop the library of documents they will need to move forward with sourcing projects with us.  Over the next two days we will take a look at some of these documents we help our customers develop and the value having them brings to their future sourcing projects.

Supplier Research Templates – Supplier research is a funny thing for many procurement departments.   Many times the list of potential suppliers consists of current incumbents, previous suppliers or suppliers who have cold-called someone in the department or delivered a presentation.  Many times this group will have a couple of major players in the industry and maybe a niche player or two but it is usually not exhaustive by any means.  The question then becomes “Who is missing and what information do we need to know about them before doing business with them?”  Determining what this list of information is (Company size, age, customer base, reputation in the industry) will help you or a 3rd party gather the information on new players in advance or during the course of an Request For Quote or Proposal.

Supplier Communication Templates – One thing that very few procurement departments ever think to standardize is the communication that happens internally with the business owners and externally with the suppliers, both incumbents and non-incumbents alike.  Many of these communications will be tied to a flow of activities that needs to occur during the course of the project such as the email notifications to incumbents suppliers of the project, invitations to submit proposals, notifications to internal subject matter experts requesting any information they might be privy to, etc.  Many times these communications do not need to be changed much from project to project and a strong 3rd party strategic sourcing partner should be able to help you develop these from past experience.

Template RFIs/RFPs – It is rare that many companies will have an exhaustive Request For Information/Proposal template library and many will not even have a template for a baseline document from which to start.   It is best to begin with baseline templates that any department can use that have the same language that has been approved by the company’s legal team.  SafeSourcing recommends at the very least developing baseline RFI/RFP templates for services, products, computer software and, if applicable, for resell products.  This will give departments a great start from which to start new RFIs/RFPs and will feed other documents such as scorecards and reporting templates that will be able to be standardized based on this initial collection of data.

For more information on how SafeSourcing can help your team develop a library of useful documents for sourcing events 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.

Part II of II. Why is it so important for retailers to address e-procurement software now?

July 10th, 2014

Wal-Mart is coming, Wal-Mart is coming and Wal-Mart is coming.

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

In yesterdays post of the same title we discussed many reason why using these tools can help to make your company more competitive and profitable at the same time. What we left out is that the might also keep your company in business.

A number of years ago as a young sales person I traveled to a regional retailers store to demonstrate the newest scanner/scale technology. Yes, believe it or not there was a time when scanners and scales were not an integrated product. I had practiced my demo for days and planned on using labor reduction, customer throughput and error elimination as part of my ROI discussion. When I arrived at the store and met the manager I asked him to find some produce that I could demo. What was curious to me was that there were no customers in the store and I mean none. The manager explained that Wal-Mart had opened a Hyper Mart down the street. These were much bigger than today?s Super Centers. All the productivity in the world could not help this retailer as the competition offered greater selection and better pricing. Throughput, error reduction etc. did not matter because customer traffic was down substantially. This retailer is no longer business today.

I am not against Wal-Mart or any other quality retailer like them that wants to compete for new business. Tesco from the UK actually came to the U.S. with their small Fresh N Easy format a couple of years ago. What should concern retailers, acualty smaller ones is that Wal-Mart now plans to open small urban stores that are predominantly focused on groceries. Because of whom they are and how they buy. small retailers and I mean regional and small chains will not be able to compete, will loose business and unfortunately some may fail.

E-procurement tools just might be what allows your company to compete and exist. It will take quite a while for Wal-Mart to test and roll out this model, so now may be a good time to prepare by improving your bottom line and creating your own war chest.

As an example, SafeSourcing does a lot of work with regional and small drug store chains. These chains have seen average savings of 24.7% during the last year using our tools. That?s not bad for an industry with a 1.5% bottom line.

If you’d like to learn more as to how SafeSourcing can improve your earnings, please contact a SafeSourcing customer services account manager.

Give us a call at1-866-623-9006; if you don?t save you don?t pay.

We look forward to and appreciate your comments

Part I of II. Why is it so important for retailers to address their e-procurement software needs now?

July 9th, 2014

Supply chain technology continues to evolve daily but the benefits of what has been available for over a decade continues to elude many retailers, and it should not.

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

Nothing else that a retailer is doing including remodels, customer marketing campaigns, new formats, new products or any thing else focused on sales increases can have the impact on your bottom line that e-procurement tools can. If you choose to use hosted or SaaS based offerings, the cost is so low as a percentage of savings that it?s almost silly. If you want to free up some cash in order to fund those other opportunities mentioned above now is the time to reach out to companies like SafeSourcing.

Cost of goods and services is the largest area of retailers P&L. Focus on this area can drive cost from their business immediately. Since the early 1990?s, initiatives focused on the customer? in the form of CRM programs, Efficient Consumer Response initiatives, and Large scale data warehouses or decision support systems have been implemented, but have not appreciably improved the bottom line for many retailers.. E-procurement solutions? immediately improves the effectiveness of buyers and category managers by offering them a broader universe of choices over a shorter period of time, without the need to conduct detailed research, and as such makes their job easier.

Calculating the dollar and percentage return on investment at the conclusion of an e-procurement event is immediate so the ROI in most cases is also instantaneous. Historical savings in the retail industry? have averaged? as much as 20% and in? many cases has been as much as 10X or greater. In almost all cases these are direct savings versus budgeted expenses. As such the dollars drop directly to the bottom line and can easily be converted to basis points of improvement that are factual and reportable within a current quarter. To this authors knowledge there are no other applications or tools that can make this claim.

If you’d like to learn more as to how SafeSourcing can improve your earnings, please contact a SafeSourcing customer services account manager.

Or, just give us a call at 1-866-623-9006; if you don?t save you don?t pay.

We look forward to and appreciate your comments.

Increasing Your Online Presence

July 7th, 2014

Are you working with your Marketing departments to find the best providers to increase your online presence?

Today’s post is by Mark Davis; Sr. Vice President and COO at SafeSourcing.

Last week it was announced that Kroger Company had agreed to buy the online health and vitamin provider, Vitacost, so that they could add a new selling channel for additional nutrition and healthy-living products.   In the move they will be able to leverage the technical and logistical expertise Vitacost has developed to improve its online presence against a slew of online retailers who are cutting into Kroger markets.  While not every company has $280 million to improve their online presence, there are a few key areas to focus on that will help internal departments source products and services to help accomplish the same goal.

Strong web content – There are a few things to look at when creating a strong site for customers.  The first above everything else should be the ease with which customers are able to find what they are looking for.  The content needs to be fresh and current to keep customers coming back to the site and customers need to be able to conduct transactions at all times.  This may not include every type of transaction but if an online version of the company is going to exist it should be useful to customers even outside of business hours.  Finally, the content should be packed with several industry key words so that the site will continue to be included high in search engine results.   Many web development companies can assist with keeping this updated regularly and many will guarantee results for the most important key words.

Mobile, mobile, mobile – Take a trip to any restaurant, bar, retail outlet or other social establishment and one of the first things you will notice is that everyone has a phone, and many of them have their noses frequently buried in them.  This is not a trend that is going to go away soon and will likely get worse.  People are attached to their phones and use them for bank transactions, dinner reservations, making purchases and many other types of activities so making sure a site is mobile-ready to get information and conduct business is critically important.  Once that is established, developing smart-device specific applications that leverage other capabilities of the phones is something virtually every company will need to do at some point.  When people walk into businesses, they EXPECT to have the capability to do things with their mobile devices that take advantage of technologies like Wi-Fi and GPS.

Create goals and measure progress – Part of knowing the success of changes to an online presence is to set goals for each of the pieces being adjusted and includes changes that may not be made directly to the site itself.  Areas such as the messaging being sent through social media sites like LinkedIn and Facebook may not be a part of the main website but their message and what customers are responding to is very important and need to be measured as well because they affect the overall strategy.  Google Analytics is a great tool to begin using to help track the activity but there are also many 3rd party companies who can help remove some of the trial-and-error process many companies face when they try doing it on their own.  The beauty of online marketing is how quickly goals can be measured and how easily they can be adjusted if the initial plans do not work as expected.

For more information on how SafeSourcing can help your team find partners that will increase you online presence 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.