Getting To The Point – Stores

The Future Possibilities of Procurement

Most organizations are highly dependent on the procurement function for them to operate effectively. But is it is currently structured, procurement has not really met the organizational requirements and hence there is need to move from the conventional procurement and modify this crucial function in order to meet the fast changes experienced in organizations.

What needs to be done to be able to enhance its performance? It is the responsibility of procurement practitioners to do what needs to be done to make procurement more exciting and something useful to the organizational setup.

Procurement practitioners have to become proactive. They should avoid their comfort zones, venture out to the marketplace and rediscover procurement possibilities and redefine the procurement objectives and set new goals. They should have a very clear sense of vision of the role of procurement plays and set quantifiable and specific procurement strategies.

The future of procurement is brighter if the procurement professionals develop sustainable procurement approaches. They ought to realize that procurement can’t work in isolation. It should be integrated into the overall organization’s strategic vision.

With the “Internet of Things” procurement should also find its presence online. B2b ecommerce is the newest way where many businesses are adopting to technology. With b2b e commerce, the procurement process can be made easier, smarter and overly efficient as it cuts down on the number of channels involved during business dealings.

B2b ecommerce (business to business, electronic commerce) means there are no many intermediaries involved throughout the procurement and supply of products. The use of b2b e commerce can eliminate processing of orders manually or via telephone and email and instead orders can be made digitally hence cutting on cost and time spent.

Finalizing b2b e commerce dealing is quite simple. All that’s required is logging to a B2B Portal and discover suppliers who offer what you require and place your order. It is good to use a payment disbursement or collections intermediary in order to avoid being scammed. There are many companies that offer such kind of service online such as Xfers. Xfers integrates a secure payment platform onto your business’ digital marketplace for facilitation of online transactions. Xfers’ b2b merchant platform has enabled businesses carry out secure transactions worth of millions of dollars.

Eezee has also made b2b e commerce a possibility by providing a single tech platform where businesses can procure their industrial supplies easily and efficiently, while reducing the hassle and time needed to procure such supplies from different sources. In an Eezee interview, the Eezee Executive Officer, said that via Eezee, an individual can easily see a cheap product which suits their specifications and make a buy decision immediately.

In their vision of making procurement more efficient and easy, the two companies, Eezie and Xfers have partnered in order to make the procurement experience more exciting. In light of this, Eezee offers a 3% discount on b2b e commerce transactions paid via Xfers, their b2b merchant.

Suggested Post: helpful resources