Modern procurement processes are becoming increasingly volatile. America’s current economic climate has been challenging for many businesses and institutions, leading to losses and lean budgets for financial, programmatic, and operational needs.
But even in a slowing market, public fleet procurement is a secret weapon that ensures continuous organizational growth. Today, organization leaders can rely on new strategies to more easily procure public fleet vehicles.
Let’s explore the easiest way to do this at scale.
Buying and operating public vehicles presents several unique challenges, the impact of which on modern organizations has become more intense in light of changing circumstances and economic instability.
Traditional methods of public fleet procurement have led to six primary internal and external challenges.
Internal challenges
External challenges
It's becoming increasingly difficult to navigate public fleet procurement without flexible strategies and cutting-edge marketplace tools. Fleet managers must find new ways to reduce long contract times or remove bottlenecks that may affect operational efficiency, while simultaneously balancing a shrinking budget in changing economic circumstances.
Fortunately, this is where cooperative contracts come into play.
Cooperative contracts are far and away the easiest method of procuring public fleet vehicles. This strategy leverages the buying power of multiple groups or organizations to aggregate demand and negotiate better purchasing on behalf of other organizations. Cooperative contracts are commonly employed by public procurement officers at large facilities, although the practice is quickly expanding to organizations of any size or capacity.
Here's what you need to know:
Cooperative contracts offer everything that you need to remain strong in the face of economic change. They require zero commitment, come with no upfront costs, and are available to most organizations.
Getting started with Sourcewell is one of the easiest ways to source and procure public fleet vehicles. In fact, you can sign up in minutes to take advantage of cooperative contracts almost immediately. It takes three simple steps to get started:
If you still have questions about registering with Sourcewell, watch this informative video about the signup process.
Here at Sourcewell, we help public agency buyers procure fleet vehicles faster by fulfilling the time-consuming bid process for them. Through cooperative contracts, we expedite the fleet vehicle procurement process so you can better serve your teams.
Want a faster procurement process? Contact one of our specialists today to buy the fleet solutions you need!