Buying Groceries is a SNAP!

April 3rd, 2013

SNAP is The Supplemental Nutrition Assistance Program (SNAP)

Today’s post id from Debbie Wilcox, Vice President of Marketing and Professional Services at SafeSourcing.

A recent article in the Wall Street Journal listed an astounding fact that 47.8 million Americans are currently on the food stamp program. The total food stamp benefits paid out in 2012 totaled $74.6 billion dollars. The new program,  which has been renamed the Supplemental Nutrition Assistance Program (SNAP), has made buying groceries easier for recipients by introducing a debit type card that can be used to purchase approved items.

Even though an unbelievable 15% of the US population receives food stamp benefits, the qualification levels are pretty strict. To qualify for food stamp assistance, a family of three has to have a household income not exceeding $25,000. Many families could not get by without this assistance to help fill a basic need of proving food and meals.

So, beyond making the program easier to use, how can we help individuals and families make their dollar stretch further? By providing nutritional and healthy food and private label products at the best possible price. SafeSourcing can help grocers and other retailers ensure they are able to purchase products at the most competitive rates from a broad selection of suppliers through an e-negotiation sourcing event. We assist companies every day reduce their cost of goods, which means those companies can pass along savings in the form of lower prices to their customers.

Working together, we can make a difference. To find out more, contact a SafeSourcing representative today.  

We look forward to and appreciate your comments

SafeSourcing is great at eRFX execution, but what else do you do?

April 2nd, 2013

This is a question that usually follows a successful eRFX implementation!

Our SafeSourceIt™  family of products and services is extensive and includes the following

SafeSurvey™ –  An easy to use survey tool for internal and external data gathering

SafeDashboard™ –   A customized snapshot for your projects, reports and KPIs

SafeDocuments™ –  A repository of all documents related to sourcing events. Share large files with stakeholders at multiple locations

SafeContract™ –   A repository for all contracts with detailed search capabilities. Issues reminder emails for renewal dates, price reviews, etc.

SafePO™ –   A complete Purchase Order system

SafeCatalog™ –   A customizable online ordering catalog

All of the above provide their own unique and very attractive ROI that help companies to drive new or retain existing savings associated with their eRFX implementation. They can be purchased individually or as an integrated suite and are offered in the form of cloud based SaaS solutions.

If you’d like to learn more about any of our SafeSourceIt™ family of solutions, please contact a Safesourcing customer services account manager.

Check back tomorrow to learn about some more of our cost cutting initiatives.

We look forward to and appreciate your comments

May the reason for Good Friday & Easter bring the world Peace!

March 29th, 2013

Have and enjoyable Good Friday and Happy Easter from your friends at Safesourcing!

good friday photo: Good Friday good.jpg

Trading with the European Union (EU) Countries.

March 28th, 2013

Does the EU face challenges and should we still be considering them in our sourcing strategies?

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

I like to read a lot, most CEO’s do. Some studies say that CEO’s read a minimum of 50 books per year. That certainly does not count the amount of trade periodicals, news media, white papers, blog posts and leisure non book related material I know we also read. After all how else would we keep up with what’s going on in our industries and the world. All of this helps as a foundation to strategic thought that is critical to our company’s evolution.

During my reading, it is probably of no surprise to anyone that much negative has been and will continue to be written about the European Union or EU. There have even been those that question sourcing from EU companies based on the potential for risk.

I thought it might be helpful for those of you that are not aware of who the EU is and why they are such an important source of import to the United States and in fact all of North America

Much of the information below can be attributed to the EU Website.

The European Union is the world’s biggest trader (surprised?), accounting for 20% of global imports and exports. Free trade among its members was one of the founding principles of the EU, and it is committed to liberalizing world trade for the benefit of rich and poor countries alike. The EU simply is committed to free and fair trade

The European Union is made up of the following 27 countries, with some being members since as early as 1952. Another 10 countries are in the process of becoming EU members. The population of the EU is 503,663,601 and unemployment is 11.9% (and we think we had issues in the U.S.)

1. Austria
2. Belgium
3. Bulgaria
4. Cyprus
5. Czech Republic
6. Denmark
7. Estonia 
8. Finland 
9. France
10. Germany
11. Greece
12. Hungary 
13. Ireland 
14. Italy 
15. Latvia 
16. Lithuania 
17. Luxembourg 
18. Malta 
19. Netherlands
20. Poland 
21. Portugal 
22. Romania
23. Slovakia 
24. Slovenia 
25. Spain
26. Sweden
27. United Kingdom

The goal of the economy of the EU is the creation of the single market and the corresponding increase in trade and general economic activity which has transformed the EU into a major trading power. The EU is trying to sustain economic growth by investing in transport, energy and research, while also seeking to minimize the environmental impact of further economic development. Gross domestic product (GDP) a measure of the economic activity for the period of 2010-2014 is listed below as a percentage change over the previous year with (f) equaling forecast.

1. 2010 2.1% 

2. 2011 1.5% 

3. 2012 -0.3% 

4. 2013 0.1% forecast 

5. 2014 1.6% forecast

This author believes that any global sourcing initiatives should have in the past and should continue in the future to include strong companies with head offices in the EU. It is incumbent on your sourcing team and partners to provide the proper vetting.

If you’d like to learn more about using EU based companies in your sourcing strategies, please contact a SafeSourcing customer’s services account manager. And don’t worry; our applications are multi lingual and being used globally. We don’t have to just do currency conversion and source in U.S. English, the application supports 67 languages including double byte countries.

We look forward to and appreciate your comments

Congratulations to our SafeSourcing 2013 SDCE “Pros to Know” award winners

March 19th, 2013

SafeSourcing CEO Ron Southard is pleased to announce their four winners of the “Pros to Know” award for 2013

According to Supply and Demand Chain Executive, Honoring the supply chain’s best and brightest, Supply & Demand Chain Executive’s “Pros to Know” include professionals proactively working to improve their business’s functions in a number of categories—including manufacturing and production output; procurement; logistics; risk mitigation strategies; sourcing; financial operations; packaging and distribution; transportation; and much more.

Now in its 13th year, the Supply & Demand Chain Executive “Pros to Know” awards recognize both ends of the supply chain. This includes honoring the “providers,” which includes individuals from software firms, service providers, consultancies or academia who helped their supply chain clients or the supply chain community prepare to meet industry challenges. This also includes honoring the “practitioners,” e.g., those supply chain executives who demonstrated leadership by managing risk in the supply chain; provided competitive advantage; and delivered value to the bottom line.

SafeSourcing winners include the following.

  1. Ronald D. Southard, Chief Executive Officer
  2. Mark  A. Davis, Sr. Vice President and COO
  3. Deborah H. Wilcox, Vice President of Marketing and Professional Services
  4. Ryan J. Melowic,  Assistant Vice President  Procurement Center Of Expertise

We are very proud of our team’s award winners for 2013 and endeavor every day to provide the type of service our customers deserve that results in such awards.

To speak with one of our pros please contact a SafeSourcing customer services account manager.

Congratulations to our SafeSourcing 2013 SDCE ?Pros to Know? award winners

March 19th, 2013

SafeSourcing CEO Ron Southard is pleased to announce their four winners of the ?Pros to Know? award for 2013

According to Supply and Demand Chain Executive, Honoring the supply chain?s best and brightest, Supply & Demand Chain Executive?s ?Pros to Know? include professionals proactively working to improve their business?s functions in a number of categories?including manufacturing and production output; procurement; logistics; risk mitigation strategies; sourcing; financial operations; packaging and distribution; transportation; and much more.

Now in its 13th year, the Supply & Demand Chain Executive ?Pros to Know? awards recognize both ends of the supply chain. This includes honoring the ?providers,? which includes individuals from software firms, service providers, consultancies or academia who helped their supply chain clients or the supply chain community prepare to meet industry challenges. This also includes honoring the ?practitioners,? e.g., those supply chain executives who demonstrated leadership by managing risk in the supply chain; provided competitive advantage; and delivered value to the bottom line.

SafeSourcing winners include the following.

  1. Ronald D. Southard, Chief Executive Officer
  2. Mark? A. Davis, Sr. Vice President and COO
  3. Deborah H. Wilcox, Vice President of Marketing and Professional Services
  4. Ryan J. Melowic,? Assistant Vice President? Procurement Center Of Expertise

We are very proud of our team?s award winners for 2013 and endeavor every day to provide the type of service our customers deserve that results in such awards.

To speak with one of our pros please contact a SafeSourcing customer services account manager.

Companies can have continuing success when re-running prior e-procurement events.

March 18th, 2013

One area of commonality that has historically made this a difficult task is the perceived lack of new suppliers.

Today?s post is by Ron Southard CEO at SafeSourcing Inc..

There are creative techniques that can insure the sustainability of your strategic sourcing or reverse auction events after your first successful run. Since you have already conducted or should have conducted your detailed discovery and analysis, a robust supplier database such as the SafeSourceIt? Global Supplier Database should permit you to do the following.

Conduct a detailed supplier discovery
Rank suppliers
Size
Experience
References
Environmental certifications
Safety Certifications
Coverage area
Develop a three year supplier game plan
Develop a three year time line? for all categories
Identify suppliers for each event over the three years
Develop a three year supplier rotation schedule for those suppliers.
Role play internally? each year supplier scenario for each category
Ask the following questions
Who will you invite and why
Keep in mind the unique benefits of distributors and manufacturers
Discuss award the business strategies such a multi-vendor or regional
Review alternative scenarios
Review impact on non-awarded suppliers
Determine which suppliers will be invited back and why such as prior incumbents, recent winners and? strong regionals
Determine what new suppliers from your database search will be invited for the next rotation.
Don?t invite too many, don?t invite to few.

If you?d like to learn more about creative strategies to keep your supplier participation fresh, please contact a SafeSourcing customer services representative.

We look forward to and appreciate your comments.

Why are there so many people saying there are no savings available today when using reverse auctions tools?

March 14th, 2013

Please read on to see why this is complete Phooey!

Today?s post is from Ronald D. Southard, CEO at SafeSourcing

The following are just a few examples of some recent savings:

1.? 29%?? Computer Equipment

2.? 24%?? Landscaping

3.? 44%?? Payroll Processing

4.? 21%?? Packaging

5.? 34%?? Office Furniture

6.? 25%?? Bottled Water

7.? 44%?? Drug Tests

8.? 22%?? Shipping Supplies

9.? 41%?? Background Checks

10. 25%?? Handheld Scanners

11. 24%?? POS Hardware Maintenance

Here?s a little bit more about SafeSourcing.

SafeSourcing is an eProcurement company offering a complete Procure to Pay suite of applications. The heart of our family of products is our popular SafeSourceIt? reverse auction technology. We can help you reduce cost, improve efficiency and extend the reach of your procurement team with results that can be referenced by executive suite contacts typically generating an ROI of greater than 10X that is immediately measureable in the current financial quarter.

If you?d like to learn more about reducing your costs, please contact a SafeSourcing customer services representative.

We look forward to and appreciate your comments.

The ebb and flow of business and the impact on your supply chain!

March 13th, 2013

Have you ever noticed how members of our media often only start to form consensus on current events when it is too late to do anything about them?

Today?s? guest post is from Steve Schwerin and account manager at SafeSourcing

Have you ever noticed how members of our media often only start to form consensus on current events when it is too late to do anything about them?? You will see an article here or there about a topic until all of the sudden the topic is everywhere.?? The fact is that the chattering class is not forecasting or managing risk for your business; you are.? The burden of forming a coherent picture out of fragmented information falls on you and your team including your procurement professional.

I came across a few articles recently that caused my mind to wander onto how sourcing strategy continues to evolve.? While the subjects of the articles in question varied, they spoke to the need of forward thinking in business.

One article from the New York Times contrasted just-in-case vs. just-in-time supply chains, another from the Economist was about how growth in India is heavily government subsidized, while Bloomberg reported that Ford is reshoring some of its engine work to a plant near Cleveland, Ohio.? All spoke to reasons why business is constantly in flux.

Labor costs approaching threshold😕 Low-cost labor in China and India has been the rage for at least two decades now.? Will this continue indefinitely?? If you merely take what you read at face value, you might be led to believe this.? That being said, as over-seas labor costs rise, what is the threshold where labor savings no longer offset the extra hassle and overhead?

Uncertain growth😕 Sure, China and India have grown rapidly.? Does this mean they will continue to grow at the same pace indefinitely?? Again, if you take much of the news over the past few years at face value, this is what you might think.? One risk is that the economies of China and India are heavily subsidized; this certainly cannot last forever.? No one wants to be left holding the bag when this ride comes to an end with no manufacturing or vendor footprint in the U.S.

Turnaround Time😕 Manufacturing overseas means slower turnaround time.? For some products, this does not matter.? For many, though, time sensitivity is a very competitive issue.? Will this apply to more and more products in the future?

Transportation costs and time😕 Transportation does not just include fuel costs, though fuel costs do continue to rise.? Transportation costs also include labor, machinery, taxes, fees and time.

The time has come where businesses like Ford are responding to these changing costs and risks.? Of course, Ford is not making its facilities or procurement department available to you.? There are other resources available to you these days, however.? Why not work with procurement professionals to negotiate better service or lower prices from suppliers here in North America?? The nominal price might not be quite as low as something from India or China, but what is the overall value?? I?m sure you already believe that any successful procurement strategy is not built on media consensus.? We can help you act on that belief.

If you?d like help with your sourcing needs, please contact a SafeSourcing customer services representative.

The high cost of choice

March 8th, 2013

If you live in the USA, you are probably accustomed to having an extremely high level of autonomy in how you shape your daily existence.

Please enjoy today?s guest post from Michael Figueroa and account manager at SafeSourcing.

If you live in the USA, you are probably accustomed to having an extremely high level of autonomy in how you shape your daily existence with the choices you make. Our entire culture has great emphasis on freedom, and not just in the areas of life, liberty and the pursuit of happiness. Peripherally, we sometimes grandfather this concept into the areas of freedom to choose user experiences, social networks, flavors, styles, displays, and information inputs. Living in the information age has left us more options to choose from than we often know what to do with. There is so much information available in fact, that Google, Microsoft and others, some of the biggest companies in the world, afford their existence off of our need for someone to help us aggregate our information.

There are many opinions about what will come after the information age, though a common theme around most of them is prioritization, organization, and clean-up.? Theories about this ?clean-up age? revolve around the recognition that our extreme availability of choices can have high costs for those who haven?t been given the tools to manage it. We have no shortage of problems or information about them, but have not necessarily been taught the logic skills to understand, given the algorithms to sort and identify, or focused on the vision necessary to prioritize.

This overflow of options and lack of direction creates a situation in which we have high opportunity cost. When we only have one choice, we don?t have the opportunity to be disappointed with our choice because there was no better alternative. But sometimes we make decisions and realize after the fact that there was a better alternative. Sometimes the array of options is so huge and complex it is overwhelming, and the decision making process itself is costly, especially when decisions are made out of exasperation instead of deliberation. The more opportunities we have, the greater potential we have to achieve satisfaction, and conversely, the most potential to feel unsatisfied with the choices we make after the fact.

Some of the major considerations we make at SafeSourcing when analyzing purchasing data are;

??What are the client?s objectives

??What are the common denominators

??What is the baseline

This allows us to provide information in a format that is relevant to the project, establish commonalities for side by side comparison, and understand where that takes us in comparison to our starting point. The result is changing information from being paralyzing, to information that is actionable. We take the costly array of choices you have from being dangerously unknown, to understandable for what sourcing choices can be Safe.

To learn more about sourcing safer products and services please contact a SafeSourcing customer services account manager.