PROCUREMENT AMIDST A RECESSION

For many public procurement professionals, July marks the beginning of a new fiscal year. This year, that busy period involves added challenges like supply chain shortages, increasing cost of goods and services, and a potential looming recession (depending on who you’re listening to).

As public procurement professionals, we’re being asked to perform miracles. We must become more strategic in our procurement decisions and be cost-conscious when selecting suppliers and making purchases --all while meeting the needs and expected outcomes requested by our customers. But we can’t feel crushed by this mounting pressure. This is an opportunity for the procurement community to come together and support each other.

Ask yourself as a public procurement professional:

• Are you looking for ways to help streamline your current job functions when it comes to the procurement process?
• Are you having difficulties verifying the submitted references of a supplier in response to a solicitation?
• Do you want to know more about a particular supplier before you hire them?
• Are you looking for additional information to help you be more strategic in your supplier selection process?

If you answered, “yes” to any of these questions, I could tell you that you’re not alone. But the good news is, there is a platform that allows us to help each other solve these problems. That platform is, Procurated a free website built specifically for public procurement professionals.

Procurated allows you to source and evaluate suppliers using ratings and reviews from your peers locally and across the nation. Buyers find that the supplier performance feedback on Procurated saves them time and allows them to feel more confident when making a purchase. 

So, if you’re finding yourself and your team under extreme pressure due to the global supply chain crunch or having difficulty identifying supplier resources, it might be worth giving Procurated a try. There’s no contract to sign, there’s no written commitment to get started, all you must do is visit us at Procurated and click “Sign up”. You’ll be asked to identify that you’re a buyer and provide your name and work email. It’s that easy to get started.

Procurated is the partner you’ve always needed in support of searching and locating new potential suppliers for your agency.

As someone responsible for the procurement of goods and services for your agency, you’re most likely as driven as I was as a procurement professional to identify and contract with suppliers that can not only meet your agency’s desired outcomes but who are willing to exceed them by becoming a partner with your organization.

Great partners are willing to ensure that you organization is always getting the best service and price possible, even when facing challenging times like supply chain shortages or a looming recession.

Without a tool like Procurated, these partners can be hard to find. So, I challenge you to think of this as a unique opportunity not only to build important relationships with your suppliers, but to create an open communication channel with your procurement peers. By understanding the importance of sharing and having access to supplier reviews, you can contribute to strengthening the public procurement community.

Remember, it’s better to invest in your best performing suppliers now, instead of wasting time with poor performing ones. If we fail to support those who perform well during this challenging time, they may not be able to withstand the long-lasting impact of a recession. We need to make sure the best suppliers make it through these trying times with us.

If you want to learn more about how procurement teams are tackling these challenges and discover how Procurated can help, join us on Tuesday, July 19^th, 2022, at 11:00am PST for our next webinar: Procurement Amidst a Recession

Procurated Webinar: Procurement Amidst a Recession