Tuesday, September 15, 2009

Buying Power

Churches must continue to move forward even in a challenging economy. Often that includes making important purchasing decisions about needed equipment and all kinds of supplies. Here is a very practical article about how a church can maximize its financial resources in purchasing decisions especially when funds are limited.

Buying Power: Taking Advantage Of a Tough Economy For Buying Decisions
by Lee Dean

Eric Guyer was on a mission. The executive pastor of Frontline Church needed to buy 300 new chairs for his downtown Oklahoma City congregation. After conducting research and selecting three vendors to make the first cut, Guyer asked each company to send one chair apiece for a trial run—more accurately, a trial sit.

The trial helped eliminate a poor quality product. "We knew one of the samples would have broken within the first six months," Guyer says. "If we had purchased 300 of these chairs, we wouldn't have been able to return them. But we only bought one and tested it for a week. That ended up being a good deal for us. That's why we don't buy anything in quantity until we've tried it out."

Frontline's "try before you buy" approach is one example of how a church can flex its buying muscle to get the best deal possible and to stretch a purchasing budget that is always limited, but especially so in these difficult economic conditions. Whether your church is buying an item as substantial as a new building or as tiny as a box of plastic spoons, keeping a sharp eye out for the best deal will help guarantee the best stewardship of God's resources.

To add the highest degree of potency to their buying power, churches must successfully answer one basic question: How can we find the ideal combination of price, quality, and reliability of both the product and service of a vendor?

Read the rest of this article here.

Until next time...share the journey and enjoy the ride!

Pat