The Future of Procurement
Most organizations are highly dependent on the procurement function for them to operate effectively. However, the conventional procurement needs lots of modification in order to meet its intended goals.
What needs to be done to be able to enhance its performance? It is the obligation of procurement practitioners to do what needs to be done to make procurement something helpful and that can meet organizational needs.
Procurement practitioners have to become proactive. They ought to live off their comfort zones, venture out to the organization and find out procurement possibilities and redefine the procurement objectives and set the right direction. They ought to have a clear sense of the needs of procurement and establish quantifiable and specific procurement approaches.
The future of procurement is bright if the procurement practitioners think out of the box and come up with sustainable procurement strategies. They should realize that procurement can’t operate in isolation. It should be integrated into the overall company’s strategic vision.
In the “Internet of Things” procurement should take center stage. B2b ecommerce is the newest way where many businesses are adopting to technology. With b2b e commerce, the procurement process can be made easier, brighter and overly efficient as it cuts back on the number of channels involved in any business procurement process.
B2b ecommerce (business to business, electronic commerce) eliminates lots of intermediaries involved during the procurement process hence smoothening the process. The usage of b2b ecommerce can eliminate processing of requests manually or via email or phone and rather orders could be made digitally consequently cutting on cost.
Finalizing a b2b e commerce deal is very easy. One has to log into a B2B Portal and find providers who sell what is required, their prices and quotes and place your order. It’s good to use a payment disbursement or collections intermediary. There are many companies that offer such kind of service online such as Xfers. Xfers incorporates a secure payment platform on your business’ digital marketplace for facilitation of digital transactions. Xfers’ b2b merchant platform has enabled businesses carry out secure transactions worth of millions of money.
Eezee has also made b2b e commerce an easy by providing a single tech platform where companies can secure their industrial supplies readily and economically, while reducing the hassle and time needed to procure these supplies from different sources. In an Eezee interview, the Eezee CEO, said that through Eezee, one can quickly see a cheap product that suits their specifications and make a purchase decision on the spot.
In their vision of making procurement more efficient and easy, the 2 tech companies, Eezee and Xfers have partnered in an effort to make procurement more exciting. In light of this, Eezee offers a 3% discount on b2b e commerce transactions paid via Xfers, their b2b merchant.