Looking Into the Future of Procurement
Most organizations are highly dependent on the procurement function for them to operate 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 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 need to be more 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 should have a clear sense of vision about the needs of this organizational function and set specific and measurable procurement strategies.
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 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 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 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 usage of b2b ecommerce can eliminate processing of requests manually or via telephone and email and instead orders could be made digitally hence cutting on cost and time spent.
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’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 integrates a secure payment platform onto your company’s digital platform for facilitation of your digital transactions. Xfers’ b2b merchant platform has enabled businesses execute 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 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 through Xfers.