Efficient Sourcing Tips With Marc Elliott, Co-Founder of GoMaterials

From episode: EP41 - Revolutionizing Plant Sourcing: Unveiling Go Material with Marc Elliott

Willie: We had asked you to provide us three topics you would like to talk about during this recording. And one of them is efficient sourcing tips. So talk to us about that.

I mean, the most efficient ways to Go Materials!

Willie: Go Materials guys.

At the end of the day, efficient sourcing, whether you can outsource it as a great thing for your business, I know you're going to pay a bit more on the material, but think about it. You're saving a full -time salary, a full -time job to do it. Whatever it is, broker platform, anything it is. These people do it day in, day out. They're very efficient. They have good networks with their suppliers. They have pre -negotiated discounts, whatever it is. So a lot of times too, you're not even saving that much money. To meet to me, the most efficient way is outsourcing it. If you do choose to do it in house, we have contractors that have done it in house and have switched their operation to just working with us, but if you do choose to do it in house, I would say, make sure that you're well set up to receiving updated inventories from your suppliers or making sure that materials reserved ahead of time, but not too far out of time and then communication with your customers huge on efficiently sourcing because at the end of the day, something's available one day. It's not available the other. You need to make sure you're communicating to your end user, whether it's commercial building, the city or a residential customer. Things change quickly, specs change, whatever it is. So that's really the one -on -one and efficient sourcing.

Willie: No, it's a hundred percent. Everything you said there is spot on and it's very true. Not everyone, thinks like that. It's like buying a car. It's like, all right, I'm going to buy the older car to save some money, but then you got to deal with it breaking down. Or it's like, Hey, I'm going to go buy the new car, the new truck. I'm going to pay, you know, $800, $1000, $1500 bucks in today's world for the truck and now you're getting away from having any downtime. So that's basically what it is. It's like, do you want to deal with it on your own and have fun and try to learn all this and work a hundred hours in a day, or would you rather free up your time and let the pros take care of it? They can do exactly what you need them to do. Yes. You're going to pay a little bit more, but you're going to pay a little bit more regardless at the end of the day. And time is really so priceless.