The Future Possibilities 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 needs to be done in order to improve it? 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 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 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) eliminates lots of intermediaries involved during the procurement process hence smoothening the process. 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 b2b e commerce dealing is quite 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 crucial to use a trusted payment disbursement or collections intermediary in order to prevent scams. There are many companies that offer such kind of service 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 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 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, their b2b merchant.