Corporate Gifting Made Smarter with Dausto

  Gone are the days when corporate gifting was just a procurement activity. With organisations increasing spend on employee engagement, client relationships, recruitment and brand building, the expectations from the gifting suppliers have multiplied manifold.  No more are the days of companies choosing vendors solely on the basis of the lowest quote. Instead, they use structured vendor scorecards to rate suppliers, translating quality, reliability, service, compliance and overall business value into quantifiable metrics. Procurement teams can track supplier performance objectively over time with vendor scorecards. Companies make the decision based on measurable factors whether a vendor can support long-term corporate gifting programmes, not their individual experiences or a successful project. For suppliers, understanding how the scorecards operate can be the difference between securing repeat business and losing valuable accounts. What Is a Vendor Scorecard A vendor scorecar...

  Corporate gifting has always been linked with festive seasons, year end celebrations and special occasions. Procurement teams would start looking for vendors, comparing prices, requesting quotations and rushing to place orders before deadlines every year. This seasonal approach worked for many years but changing business priorities are prompting organisations to rethink the way they manage corporate gifting. Today’s procurement teams are moving away from one-time seasonal buys and toward repeatable gift programs . Companies are shifting from adhoc gifting to structured programs that can be used year round for employee recognition , client appreciation , onboarding, milestone celebrations, loyalty programs and corporate events. A repeatable gifting program is more consistent, offers better financial control and more operational efficiency, and is a preferred option for today’s procurement teams. Budget Better One of the biggest advantages of a repeatable gift program is improved ...

  No more just hampers and promotional giveaways, is the new trend in corporate gifting . Today it is an integral part of employee recognition , customer retention, partner engagement and brand building . Gifting strategy management challenges are becoming more complex. Gifting strategies are becoming more sophisticated. Many companies that once relied on a handful of vendors for the sourcing, branding, packaging and logistics are now re-assessing their approach. Companies are shifting from having lots of suppliers to more vendor consolidation — fewer, more capable vendors who can handle multiple parts of the gifting process. It's about efficiency, consistency, cost control, and a better overall experience. What Is Vendor Consolidation? Vendor consolidation is the process of reducing the number of vendors used by a company and increasing the amount of work done by each vendor. Businesses are abandoning the traditional model where one supplier provides the products, another handl...

  Corporate gifting has become a mainstay of business relationships, employee engagement and brand building . Thoughtful gifts are being increasingly used by businesses to help build relationships, whether it’s to welcome a new hire, reward a top performer, show appreciation to a client or celebrate a festive occasion. But behind every successful gifting campaign is a procurement team sourcing, budgeting, coordinating and delivering on time. To procurement professionals, quality is as important as efficiency. They usually have multiple vendors, small budgets, tight timelines and internal approvals. Many organisations have gift collections to ship. These curated gift solutions remove the hassle of sourcing, without sacrificing quality and presentation. Streamlined procurement procedure Speed is one of the biggest advantages of ready to ship gift collections . Traditional custom gifting consisted of selecting each product, tasting, approving packaging, confirming branding and th...