Why you should budget for an eSourcing solution

Yes, it’s that time of the year again, John Lewis have released their masterful Christmas advert (as usual), the Coca-Cola truck is on its way and we begin the final countdown towards the end of the year.

If you’re anything like me, you might already be thinking about your savings targets and budgets for next year. Hopefully, you’ve reached a point where you are considering introducing an eSourcing solution.

Spending a lot of your time and money on buying goods or services from suppliers? Then we might just have the perfect present for you! Market Dojo!

Wondering just how an eSourcing solution can help?

Centralise your information – Say goodbye to emails and those excel spreadsheets! Take your sourcing activities to a single online portal and you’ll increase visibility amongst your organisation, de-mystify the market, and still have a complete audit history of your activities that your accounts team will love.

Standardise your approach – Have you ever considered inviting more suppliers to take part in an RFQ and stopped yourself because of all the extra emails, questions and different templates you’ll receive back? By utilising an eSourcing solution this is no longer an issue and you’ll be thankful for the extra competition.

You can increase the number of suppliers you invite with no extra overhead. Pre-qualification questionnaires will be centralised through the tool and help you to make more efficiencies of the process. In addition, all of your suppliers will be responding in the same fashion through the system saving you some precious extra time.

Hit those savings targets – Start 2017 off with a bang by aggressively attacking those savings targets. Run an eAuction to determine the true market value. If you’re having to run 3 bids and a buy, then why not run an eAuction to ensure you’re getting the best value. After all, average savings from an eAuction in our tool is an impressive 21%!

Fear not, if you’re just running RFQ’s, then an eSourcing system will allow you to easily invite more suppliers, increasing competitiveness and potentially helping you make those all-important savings.

It doesn’t cost as much as you might think – Market Dojo offers affordable and flexible options. You can run unlimited monthly events from just £500, and there’s no minimum contract duration!

You can even use the software for a couple of months to understand its value before committing to a longer term deal. Simply, the potential ROI is stupendous! We regularly see our clients see ROI savings % in triple figures and yes I did say TRIPLE figures!

Isn’t it about time that you treated yourself and bought that procurement tool that you just know will make your life that much easier and better?
Contact Lewis for more information.

Market Dojo helps procurement professionals negotiate better with our on-demand eSourcing tools. If you’d like to find out more, get in touch or register for free and play around with our software for yourself!