The Future of Procurement
Most organizations are highly dependent on the procurement function for them to operate efficiently. 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 is it supposed to achieve? 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 need to be more 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 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 stakeholders think out of the box and approach procurement in a sustainable manner. They should realize that procurement cannot work in isolation. It should be integrated into the overall organization’s strategic vision.
The “Internet of Things” as seen procurent function slowly going digital. B2b e commerce is the newest way in which most businesses are copying up with technology. With b2b e commerce, the procurement process can be made smarter, easier and very effective as it cuts down on the amount of channels involved during business dealings.
B2b ecommerce (business to business, electronic commerce) eliminates lots of intermediaries involved during the procurement process hence smoothening the process. 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 is needed is logging into a B2B Portal and find suppliers who sell what you need, their quotes and prices 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 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 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 improving procurement experience, the two companies, Eezee and Xfers have made a strategic partnership. In light of this, Eezee offers a 3% discount on b2b e commerce transactions paid via Xfers.