Tuesday, 11 March 2014

Home advantage: our article posted on Supply Management

Supply Management recently posted an article by Nick Drewe of Market Dojo outlining some top 10 tips for running an eSourcing event, based on his experience of using an eSourcing tool to find a builder for his own home extension.  Here are the opening few paragraphs, and the rest can be found on Supply Management here.

At the end of 2013 Nick Drewe decided to use his professional expertise to electronically 
source a ground floor extension and loft conversion for his 
house. Here are 10 things 
the process taught him.

When none of the initial RFQs my wife and I received via a traditional email and face-to-face process for a ground-floor extension and loft conversion were within our budget, we decided to change 
our approach.

Instead of reducing the scope of works, we embarked upon a competitive bidding process, underpinned by e-sourcing software, involving 96 local building firms. The exercise resulted in a £35,000 (33 per cent) saving against the best of the three initial RFQs and, if anything, an increase in the scope of works due to some excellent market-informed suggestions.

Conducting a full-scale strategic sourcing project on something so close to home (sorry) can feel both risky and daunting. And so I’ve listed the top 10 tips from my professional experience that enabled us to achieve this result.

[The top 10 tips can be found on the Supply Management website here.]

0 comments:

Post a Comment