Why Do I Need A Solution Sourcing Partner for My Technology and Digitization Solutions? You might think, "I have a procurement team for that” or “I can do that myself” and anyway, these solution sourcing partners just add to the cost, don’t they? Wouldn't it be cheaper for you to go direct? It's a valid concern, but let's unpack this and explore the real value a solution sourcing partner brings to the table. Extended Access and Expertise Your procurement team works hard, but their reach is limited compared to a dedicated solution sourcing partner. These partners have deep market knowledge and access to a broader range of technology and digitization solution providers. They are constantly scouting the landscape for the latest innovations and niche players. This extended access means you're not just choosing from a list of well-known vendors but potentially discovering hidden gems that are perfect for your unique needs. Strong Relationships and Lower Costs A solution sourcing partner often has established relationships with vendors, sometimes spanning years. These relationships can translate into preferential pricing and terms that you might not access when going direct. Their deep market connections can unlock deals and discounts, effectively reducing the overall cost of the solution. Far from adding to the cost, they can actually ensure you get the most competitive price available. Prioritization of Your Requirements When engaging directly with vendors, you might just be another customer. However, a good solution sourcing partner acts as an advocate for your needs. They present the solution company with multiple business opportunities over time and so, their established relationship with vendors ensures your requirements are prioritized. This means better customer service, faster response times, and solutions more closely tailored to your specific challenges. In conclusion, a good solution sourcing partner is not just an additional layer in your procurement process. They are a valuable ally who can provide extended market access, leverage strong relationships to reduce costs, and ensure that your needs are front and center. Engaging a solution sourcing partner is a strategic move towards harnessing the best technology and digitization solutions available, all while optimizing your investment. #Technology #Digitization #SolutionSourcing #BusinessStrategy #Innovation www.rigby-hall.co.uk
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Managing Director - Senior Expert at Blue Ocean Group
6moAdrian Hall You said it right. A solution partner is not another layer it is the missing link. I have experience that and now trying to share experience on that.