The Future of Procurement
Many organizations depends largely on their procurement department or function for them to function effectively. But as is presently structured, procurement has not really met the organizational requirements needs of businesses and hence there is need to move from the traditional procurement means.
What is it supposed to achieve? 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 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 cannot work in isolation. It should be integrated into the overall organization’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, smarter and overly efficient as it cuts down on the number of channels involved during business dealings.
B2b e commerce (business to business, electronic commerce) means that there are no many intermediaries involved during 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 a b2b ecommerce deal is very simple. 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 such as Xfers. Xfers integrates a secure payment platform onto your company’s digital platform for facilitation of your 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 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 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.