Cold calling is a necessary part of all businesses, not just sales.

July 10th, 2018

I come from a history of cold calling....

 

Today’s post is from our  SafeSourcing Archives

I come from a history of cold calling. When my mom was in junior high (circa 1955), my grandmother started her own catering business. A hard working Hungarian immigrant, she would sit at their kitchen table every Sunday afternoon after church and call the family of every single young woman listed in the engagement announcements to ask if they had decided on a caterer. My dad is a mechanical engineer, turned salesman, who spent the bulk of his career in the tool and dye industry selling everything from diamond grinding wheels to linear ball bearings.

I guess you could say that I was born into it. Although I resisted for the first several years of my career, once I finally gave in to the sales call, I never looked back. One of my favorite parts of the sales cycle is the cold call. It’s the first introduction of the product or service that you have to offer to a person or business that may have a need for it. I see cold calls as a challenge, each one a fresh opportunity. Apparently not everyone feels the same way. Here are a few suggestions that might help your cold calls be a little less frightening and a little more fun… like mine!

  • Be Confident. Go into each call with confidence and optimism. You are a business professional providing a viable product or service to someone whose company might very well have a need for it.
  • Listen. You’re prepared. You have a good understanding of your value proposition and basic understanding of the businesses that you’re calling on. Now have a conversation, paying close attention to what’s being communicated verbally and otherwise.
  • Be Yourself. Believe it or not, discomfort is easily perceived over the phone. You do not have to be unnaturally pushy or super aggressive to make sales calls. Using your own assets and unique personality to create a genuine rapport can be much more effective.
  • Speak at a Normal Speed. Or even slightly slower than normal, and enunciate. You want to do everything you can to help your potential customers hear what you’re saying. There is nothing worse than struggling to understand someone who is speaking too quickly or mumbling.
  • Be Succinct. Get to the point quickly, keeping in mind of course that if your potential customer feels like engaging in a little small talk to feel more comfortable, you’ll be happy to oblige.
  • Know Who To Ask For. When making sales calls, do your best to understand who the decision maker is for your particular product or service. For some clients, it might be VP of Marketing, for others it could be the head of Human Resources. Learn who makes the final decision before picking up the phone, so you’re not wasting their time or your own.

Would you like to learn how SafeSourcing could help your company run more efficiently? Interested in a risk free trial? Please don’t hesitate to contact SafeSourcing. Our team is ready and available to assist you!

We look forward to and appreciate your comments.

 

eProcurement Time to Value

July 5th, 2018

Setting expectations for fast results

 

Today’s post is by Dave Wenig, Vice President of Sales and Services at SafeSourcing,

In eProcurement, one important, yet often overlooked measure of success is time to value. Of course, one of the primary goals of any eProcurement strategy is to reduce spend for the goods and services that an organization requires.

For the sake of this post, I am defining time to value as the time between when you determine that you would like to host an eProcurement event, such as a live Request for Quote (RFQ), to the time that you can begin ordering with the newly negotiating pricing from that eProcurement event. I tend to see that we focus heavily on the savings result, but far less on the amount of time that was required to complete that project. The reality is that those two goals are both important and actually complement each other. The sooner you conclude your eProcurement event, the sooner you are able to realize the savings.

There are several key reasons why an organization needs to monitor time to value closely. A contract expiration date is one factor that creates pressure to attain results quickly. When a contract is set to expire or to automatically renew, it is important to negotiate quickly to avoid any unfavorable outcomes. Another factor is seasonality. For certain products and services, the negotiation must be done in advance of a particular season. For example, in northern climates, snow removal contracts should be in place well before the possibility of snow.

Every organization will set its own time to value success criteria. I always advise that projects should typically range from four to six weeks and that clients should expect to see significant savings that can be achieved and realized in the current quarter.

Dave Wenig is a Regional Sales Manager at SafeSourcing. Dave, or any member of the experienced team at SafeSourcing, would be happy to discuss how SafeSourcing can help you achieve faster time to value in your eProcurement efforts. For more information, please contact SafeSourcing.

We look forward to your comments.

Telephone Skills 101

July 3rd, 2018

The world has gotten smaller with technology.....

 

Today’s post is by Gayl Southard, Administrative Consultant, SafeSourcing.

The world has gotten smaller with technology. You can be connected around the globe in seconds by computers and telephones. Businesses can reach people in seconds that were entirely inaccessible years ago.  The phone may be best tool available.  That being said, why are we so bad at it.  Here are some techniques to consider when making a call.

  • When your call is answered, ask if this is a good time to talk. Get the name of the person that answers the call. Use their name when speaking with them.
  • You want to answer the call on the second or third ring. Speak slowly and articulate what you are saying. If you switch to speakerphone, make sure your connection is still acceptable. Focus on the caller, do not interrupt. Make sure your cell phone ringer is off.
  • Make sure you are not eating or chewing gum. Do not shuffle papers.
  • Your voice should be pleasant when answering a call. Some people recommend smiling when you answer a call. You want to make sure your customers feel they are important.
  • Try to start all calls with good news, even if you have bad news to report.
  • Have an agenda that you wish to accomplish.
  • Start early in your career to keep track of 100-300 most important people in your network. Keeping track of people’s birthdays can really help a sales person. People like to be acknowledged and remembered.
  • Call ahead to make sure your customer is there before making a cold call.
  • When leaving a message start with your name, day, date, and time and guarantee you will call back in 24 hours. Set aside a specific time to return calls each day.

Resources———————————————————

Harvey MacKay, AZCentral, 4/9/2018

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

 

Single-Use Plastic to Eventually Become a Thing of The Past

June 26th, 2018

So why all the “sudden” changes?

 

Today’s post is written by Heather Powell, Manager of Major Accounts and Special Projects at SafeSourcing Inc.

McDonald’s announced this week that by 2020 all of the UK will use paper straws. In the US McDonald’s will be test alternative straws to the plastic version. Sea World already uses paper straws and has eliminated plastic shopping bags and A&W in Canada will offer paper straws only by the end of this year.

So why all the “sudden” changes? As you may know, even though oceans cover more than 70 percent of the Earth, humans have dumped so much plastic into them that animals such as pilot whales are dying from consuming it. By 2050, according to a prediction from the MacArthur Foundation, there will be more plastic than fish in our oceans unless something drastically changes in the meantime. Also, this past spring, reports came out that over 83% of our bottled water contains plastic particles.1

Laws are changing globally to combat the single-use/disposable crisis to our environment. For example; styrofoam cups are banned in California and California is also looking to make new laws to include plastic straws.

Our landfills are filling up with plastics such as water bottles, coffee pods, ziplock bagies, cereal bags, and many more items that typically don’t get recycled. Think back to what you have thrown away in the past 24 hours, how much of it was a plastic that couldn’t be recycled?

What are your business practices to emlinate or reduce your use of single-use plastics? Have you looked at alternative products? Long term what are your company goals to reduce waste or your carbon footprint?

SafeSourcing offers a wide variety of business solutions to your purchasing needs and one of those solutions is research and market changes. We at SafeSourcing can do the leg work for you to find alternatives and give the current market pricing and fluctuating market trends.

Are you interested in more information on how SafeSourcing can assist you in exploring your procurement solutions for your business or on our “Risk Free” trial program for RFPs and RFQs, 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.

References:———————————————————————————————————

  1. https://www.inc.com/minda-zetlin/mcdonalds-plastic-straws-phasing-out-uk-britain.html

The Importance of Maintaining Your Dryer Vent

June 22nd, 2018

Do you need help cleaning your dryer vent?

 

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

A friend of ours recently used a local company to clean their dryer vent.  From being a fireman in the past, I know that clogged vents can lead to overheating and fires, but I did not know there are companies that specialize in this service.  I guess the reason I did not know this is because all of the places that I had lived in the past had the dryer located on an outside wall. Because of the location, the vent was usually less than a foot long because it went straight through the wall to the outside. To clean the vents, I would just move out the dryer twice a year and manually inspect the vent and use a vacuum to clean up any residue.  This isn’t the case in our new house. The laundry room is located in a central part of the upstairs so the vent is located in the wall and goes under the floor boards to an outside wall. Because of the length, there is a greater possibility of having a clog.  These clogs are not just fire hazards, as stated above, but can also cost you a lot of money by lowering the efficiency of the drying.  Clogged or partially clogged vents restrict the airflow which causes the dryer to take longer and be less efficient.  It also makes the machine work harder which causes wear and tear leading to costly maintenance repairs.  As you know, dryers do contain lint traps but these traps do not trap all of the lint that is produced when drying which leads to the possible build up within the vent.  So it is recommended that you clean the vents at least once a year.  Below are some common signs that you may need to clean your vent.

  • Longer drying times
  • Damp or moldy smelling clothes
  • Lint visible in the opening outside
  • Outside vent flap not opening during use
  • Outside of dryer and clothes are very hot
  • Noticeable burning smell

If you need help with your dryer vent maintenance, we can gather all the necessary information for you and help you decide which company meets your needs.  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 today.

 

Accept Change​!

June 19th, 2018

Even if you can't embrace change, you should learn to accept it!

 

Today’s post is by Dave Wenig, Vice President of Sales and Services at SafeSourcing Inc.

Chances are, at some point, that you have had to face some unwanted changes in your life. Some changes are personal and some are professional, but they aren’t always fun. You may have been advised by friends or loved ones to embrace change. I’m not trying to tell you that at all. I am telling you that you should learn to accept change.

In eProcurement, change is usually the name of the game. That holds true for the vendors that participate in our online Request for Quote (RFQ) events and it is also true for our clients who are the hosts of these RFQ events. I thought I would share my perspective on change as it relates to vendor and client in eProcurement.

Vendors 

Change comes with the territory for vendors in an eProcurement RFQ. Whether you are an incumbent vendor or not, the results of the RFQ event are likely to bring change. This can be a very positive change. Vendors invited to participate in an RFQ event have an opportunity to secure new business through their participation. The host of the RFQ event might be one that the vendor has been calling on for years, or the host may be a net new sales opportunity. Either way, the potential for a positive change is there. Incumbent vendors might be more reluctant to the change. Certainly, there is risk in any such process that the incumbent vendor may not be awarded after the RFQ. That’s not always the case. Either way, it’s best to accept the change and make the most of the opportunity.

Clients 

The client who is hosting the RFQ event must also accept change. As a result of the RFQ event, their award decision may mean that they will be awarding to a new vendor. This might not be a vendor that they have worked with in the past. For this reason, there are always steps in the process which will allow this change to be managed by the client. One of the most common ways to manage this change to ensure that it is successful is to request and review samples. There are many other ways as well. This is meant to be a positive change. While savings is important and one of the largest benefits of the change that comes with this process, it is not the only benefit. Change can also come in the form of product or process improvements or in service levels. Accepting change and being open minded is very important.

I don’t view change as positive or negative. There are definitely times when change falls pretty directly into one of those categories, but the concept of change doesn’t imply either. In eProcurement, change should be accepted and managed. Perhaps through acceptance, you might even find you’ll be able to embrace it.

For more information as to how SafeSourcing has been able to assist its clients adapt to the ever changing world of procurement best practices, please contact a SafeSourcing customers services account manager.

We look forward to and appreciate your comments.

 

 

 

 

 

Procurement Expectations

June 18th, 2018

What are your expectations for your procurement process?

 

Today’s blog is by Margaret Stewart, Manager of HR and Administration at SafeSourcing Inc.

If you have never utilized e-procurement or used a procurement partner, you may not know what to expect when first beginning. Typically, a procurement partner works with your team to assist with the procurement process. This can mean a number of things, and could include e-procurement tools, like those offered by SafeSourcing. These tools and the expertise of a procurement partner can greatly help with the success of your own efforts and can help your organization realize more savings, more opportunities, and a more streamlined and quicker process.

When working with these tools and your procurement partner, it is important to outline what you hope to achieve from the process. Making your expectations known can help direct those procurement efforts to produce the results most sought. For example, if an organization is seeking to use a new product in store, a procurement professional can help research that product, list potential suppliers, and provide a market estimate of costs to implement that product. If an organization is expanding into a new region, your procurement partner can source everything you might need, from construction companies and building supplies to products to fill the new stores. Even if a company is looking for a private label product from a certified green vendor, that is what your procurement partner would focus on finding.

Ultimately, utilizing e-procurement, and especially a procurement partner, can help you attain the results you hope for. However, if expectations aren’t known or aren’t relayed, the outcome may not align with what was wanted. A procurement partner’s job is to help your organization get the results it desires and works with you and for you to ensure the outcome is a success, because when your organization succeeds, so does your procurement team.

For more information on how SafeSourcing can help your procurement 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.

 

 

Time Management and Procurement

June 6th, 2018

Does your procurement department seem like they never have time? SafeSourcing can help.

 

Today’s post is from our SafeSourcing Archives.

Does your procurement team seem like they never have time?

I would argue that working in procurement is one of the busiest careers. Between management of internal projects, working with suppliers on an individual basis, and working with customers, it is easy to forget tasks that are not considered a high priority.

Tools that SafeSourcing uses to manage time effectively:

1. Outlook Calendar- Typically my entire day is planned on my calendar, with reminders set.
2. Task List- Organized by priority first thing in the morning.
3. Checking things off- When you complete a task, make sure you mark it complete.

If your procurement team still seems extremely busy, you may want to consider partnering with a 3rd Party Procurement firm, such as SafeSourcing. Effective time management leads to successful events, and those results lead to savings. Time Management is huge when it comes to managing successful events.

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.

Phone Addiction in the Office

June 5th, 2018

Although smartphones allow people to get their jobs done remotely.......

 

Today’s post is by Gayl Southard, Administrative Consultant, SafeSourcing.

According to a study by Dscout Inc., a mobile app research firm, the average person taps, swipes, pokes their phones 2,617 times each day. That adds up to 2 hours and 25 minutes everyday!  Chief Executive, Jason Brown, of Brown, Parker & DeMarinas, observed while giving a business presentation, the majority in attendance were all fiddling their phones.  He was so angered by this that he issued a company edict: “Don’t show up at a meeting with me with your phone.  If someone shows up with their phone, it’ll be their last meeting.”

Although smartphones allow people to get their jobs done remotely, they are also the leading productivity killers at the job. Research conducted by the University of Texas, revealed that the shear presence of a smartphone on the desk, untouched, the cognitive performance  was lower than if the phone was stored in a purse, pocket, or a coat hanging near the workspace.

Mat Ishbua, CEO of United Wholesale Mortgage banned phones from meetings two years ago, and recently requested that his executive team refrain from using their phones to and from meetings. He stated that you are never too important not to say hello to fellow employees or make eye contact.

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

References…………………………………………….

John Simmons, WSJ, 5/17/2018

Scope of Work

May 31st, 2018

Let’s detail the function of a Scope of Work.

 

Today’s post is from our  SafeSourcing Archives.

When a business issues a request for proposal or request for quote, it will include specific information relating to that project. This information must provide adequate details for respondents to determine if the RFP or RFQ is applicable to their business structure and if so, how to respond. A comprehensive scope of work delivers that pertinent information.

The scope of work details the services the selected vendor will provide on the specific project and the work that will be performed, frequently under contractual obligation. The scope of work lists performance requirements, normally references specifications, and will include a list of deliverables. The scope of work describes how the required work will be completed, with specific tasks listed with their deadlines. The task descriptions may also include methods desired for completing given tasks.

When entering into a purchasing agreement, many times the first document may not be the purchase agreement itself, it will likely be a purchase specification or scope of work that will use an existing agreement. It is possible to have a rock solid purchase agreement but still have difficulties if your purchase specification, statement of work or scope of work is not suitably written.  In the event of a dispute between the parties, these documents endure the same examination as the purchase agreement’s terms.

An accurate scope of work acts as a roadmap for your project, keeping it focused and on track. From a purchasing perspective, it is critical as it details what is being purchased, quantities, item specifications, amongst other critical purchase requirements.

We enjoy bringing this blog to you every week and hope you find value in it. 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.