If there’s one superpower nonprofit professionals learn with experience, it’s the ability to make the most of every dollar. It's born from the same passion driving their mission to support people, causes and communities. Managing indirect costs is an area where administrators can sometimes squeeze a little more efficiency out of their budgets.
Do you have a purchasing team? Do you just make purchases on an as needed basis? Do you feel you struggle with undermanaged spend due to lack of a purchasing strategy? YOU ARE NOT ALONE! Nonprofits, small businesses, and even large corporations struggle with purchasing and optimizing spend.
When people buy groceries, they decide which stores will save them money and offer the products they need. Some stores require membership fees; some focus only on specialty groceries, while others provide the widest possible range of products. Group purchasing entities work in a similar way. Like the grocery store example, understanding the subtle differences is key to finding the right purchasing partner.
As a nonprofit, we know you are focused on bigger and better things than furniture. When it comes down to it though, 9 times out of 10 there are certain pieces that are vital to the success of your organization.
Each new year comes with a lot of excitement for a fresh start, but also a lot of stress for the unknown. As a nonprofit organization, you don’t know what the year holds, but you do know what you want to accomplish—helping as many people as possible! Although there will be obstacles within the market, we want to support you in your mission.
