{"id":958,"date":"2019-08-02T10:00:32","date_gmt":"2019-08-02T14:00:32","guid":{"rendered":"https:\/\/www.homesteadoutdoorproducts.com\/blog\/?p=958"},"modified":"2019-07-31T11:21:01","modified_gmt":"2019-07-31T15:21:01","slug":"three-reasons-to-consider-more-than-price-when-choosing-vendors","status":"publish","type":"post","link":"https:\/\/www.homesteadoutdoorproducts.com\/blog\/2019\/08\/02\/three-reasons-to-consider-more-than-price-when-choosing-vendors\/","title":{"rendered":"Three Reasons to Consider More Than Price When Choosing Vendors"},"content":{"rendered":"<p class=\"p1\"><span style=\"color: #488ca7;\"><b><a href=\"https:\/\/www.homesteadoutdoorproducts.com\/blog\/wp-content\/uploads\/2019\/07\/Story1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-961\" src=\"https:\/\/www.homesteadoutdoorproducts.com\/blog\/wp-content\/uploads\/2019\/07\/Story1-300x185.jpg\" alt=\"\" width=\"300\" height=\"185\" data-size=\"576x355\" srcset=\"https:\/\/www.homesteadoutdoorproducts.com\/blog\/wp-content\/uploads\/2019\/07\/Story1-300x185.jpg 300w, https:\/\/www.homesteadoutdoorproducts.com\/blog\/wp-content\/uploads\/2019\/07\/Story1.jpg 576w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/> <\/a>In the last <i>Homestead Post<\/i>, we shared three productivity- and quality-boosting principles from management consultant W. Edwards Deming. In this issue, we\u2019ll talk about another important Deming concept: <\/b><i>End the practice of awarding business on the basis of price tag alone.<\/i><\/span><i> <\/i><b><i> <\/i><\/b><\/p>\n<p class=\"p2\">When choosing vendors, price means little without considering the measure of quality and efficiency that you get. Securing value when purchasing tools, equipment, materials, or services requires long-term thinking beyond the dollars and cents on a price sticker.<\/p>\n<p class=\"p2\">Buying goods or services from whoever gives the lowest price may seem to be a cost-effective way to do business. However, it can backfire.<\/p>\n<ul>\n<li class=\"p4\"><span style=\"color: #658c65;\">Jumping from one vendor to the next based on prices requires a good deal of administrative time and may result in getting inferior materials.<\/span><\/li>\n<li class=\"p4\"><span style=\"color: #658c65;\">In comparison, having a single, trusted source for a product or category of products helps ensure consistency in quality and availability of materials to meet your needs and deadlines.<\/span><\/li>\n<li class=\"p4\"><span style=\"color: #658c65;\">Dealing with one vendor simplifies accounting, minimizes paperwork, and streamlines ordering.<\/span><\/li>\n<\/ul>\n<p class=\"p2\">In today\u2019s competitive business environment, you can find a lower price on almost anything that you want to buy\u2014but that doesn\u2019t ensure value. Value comes from forming a long-standing relationship with a vendor that is dependable, trustworthy, and dedicated to satisfying your needs.<\/p>\n<p class=\"p1\"><span style=\"color: #488ca7;\">To learn more about Deming\u2019s principles, visit The Deming Institute website at <a href=\"http:\/\/www.deming.org\" target=\"_blank\" rel=\"noopener\">www.deming.org<\/a>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the last Homestead Post, we shared three productivity- and quality-boosting principles from management consultant W. Edwards Deming. In this issue, we\u2019ll talk about another important Deming concept: End the practice of awarding business on the basis of price tag alone. When choosing vendors, price means little without considering the measure of quality and efficiency&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-958","post","type-post","status-publish","format-standard","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/www.homesteadoutdoorproducts.com\/blog\/wp-json\/wp\/v2\/posts\/958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.homesteadoutdoorproducts.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.homesteadoutdoorproducts.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.homesteadoutdoorproducts.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.homesteadoutdoorproducts.com\/blog\/wp-json\/wp\/v2\/comments?post=958"}],"version-history":[{"count":2,"href":"https:\/\/www.homesteadoutdoorproducts.com\/blog\/wp-json\/wp\/v2\/posts\/958\/revisions"}],"predecessor-version":[{"id":963,"href":"https:\/\/www.homesteadoutdoorproducts.com\/blog\/wp-json\/wp\/v2\/posts\/958\/revisions\/963"}],"wp:attachment":[{"href":"https:\/\/www.homesteadoutdoorproducts.com\/blog\/wp-json\/wp\/v2\/media?parent=958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.homesteadoutdoorproducts.com\/blog\/wp-json\/wp\/v2\/categories?post=958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.homesteadoutdoorproducts.com\/blog\/wp-json\/wp\/v2\/tags?post=958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}