Are you in the middle of planning and sourcing vendors for your school supplies? Here are a few quick tips on how to choose the right vendor
- Increase Cost Efficiency by understanding the source of procurement:There is a reason why supermarkets are able to give you better rates & discounts on each product. They get their sourcing right. Get into the skin of your vendor to understand where he sources from. The closer the level to the original production, the better the rates are. Don't hesitate to look at other countries for procurement. Some countries like China provide excellent cost benefits, beating local rates even with import duties.
- No compromise on quality- If it's a procurement which has long term procurement, don't go easy on quality. Set quality standards for your procurement and invite vendors who promise to deliver the required quality.
- Insist on Just-In-Time delivery- Not too early, not too late, Just-in-time is the mantra. The deliveries should be at your doorsteps right in time for disbursement/usage, ensuring that it doesn't eat storage space. Neither should it be delivered post timelines that you fall short of required resources.
- Go Tech!- If your procurement is centralized and you are a multi school set up, go for a module that can integrates all schools requirement by an effective ERP system.
At EKCO- the Education Supermarket, we believe in being the one stop shop for all your education needs. Procurement and supply chain services are one of our fortes. Log on to www.ekco.in to know more.