The Future 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 something helpful and that can meet organizational requirements.
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 organization’s strategic vision.
The “Internet of Things” as seen procurent function slowly going digital. 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 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 ecommerce deal is very 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 is good to use a payment disbursement or collections intermediary in order to avoid being scammed. There are many companies that offer such type of service online for example 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 dollars.
Eezee has additionally 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 needed to procure such supplies from different suppliers. In an Eezee interview, the Eezee Chief Executive, stated that via Eezee, an individual can quickly see a product that meets their specifications and make a purchase decision immediately.
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.