Applegate Marketplace is encouraging UK SMEs to learn from consumers and shop around for the best deals.
It claims that UK firms could cut millions from their cost base by seeking out the best deals for everyday items, from low-cost supplies, such as tea bags, staples and lightbulbs, to larger items like printers and printer supplies.
Its survey of 726 SME senior decision-makers reveals that the nation’s smallest businesses are the savviest shoppers, being 50% to100% more likely to shop around and compare prices on office staples than larger counterparts.
Stuart Brocklehurst, CEO of Applegate Marketplace, said: “It is a concern that small businesses seem to be growing out of savvy buying as their business grows – rather than growing into it. As these businesses grow, patience to obtain the best value deteriorates and maverick spend can increase.”
To simplify procurement for small and medium-sized businesses, Applegate Marketplace has introduced a new online buying tool that streamlines the sourcing of multiple quotes for products and services. Applegate PRO reduces time spent on request for quotation and purchase order processes from hours to just minutes.