When promotional products are purchased by several buyers or different location and departments within one company, inconsistency and inefficiency can result. Organizations overcome these by creating a “company store” - a website placed on the internet or intranet. The company places a pre-approved selection of branded merchandise used for everyday business needs - business gifts, customer appreciation, uniforms, etc.
Turning a fractured process into a streamlined system allows organizations to:
Improve Brand Integrity - Products and decoration are pre-approved, making sure the organization’s logo follows its identity standards and consistent across all products. Decisions and judgment calls are now out of the hands of individual buyers.
Save Time - A simple online transaction means that staff no longer has to coordinate back and forth with suppliers to get their products. Pre-approved and already set up products have quicker turnaround times as well.
Reduce Redundant Costs - If multiple buyers are purchasing the same product, each order will incur its own set up or run charges. By consolidating purchases, multiple charges turn into one.
Control Purchasing - Integrating budgets into the company store allows the organization to control how much an individual buy can purchase and makes sure allotted funds are used appropriately. Cost centers and manger budgets can be preset to meet overall company budgets.
Leverage Purchasing Power - Consolidating purchases allows an organization to take advantage of volume discounts which can lead to significant savings.
Supply Chain Control - Organizations have greater visibility of the supply chain ensuring the each supplier is compliant with social, environmental, and safety regulations so there are surprises.
To pay the bills I have to mention that Newton offers comprehensive services designed to help organizations realize these benefits - including e-commerce, inventory management, and fulfillment. Feel free to discuss these solutions below.