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The Future of Procurement

Many organizations depends largely on their procurement department or function for them to function effectively. However, the conventional procurement needs lots of modification in order to meet its intended goals.

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 more exciting and something useful to the organizational setup.

Procurement practitioners have to become proactive. They should move out of their comfort zones, go out to the organization and find out procurement possibilities and redefine the procurement goals and set a different 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 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 incorporated into the overall organization’s strategic vision.

With the “Internet of Things” procurement should also find its presence online. B2b ecommerce is the newest way where many businesses are adopting to technology. With b2b e commerce, the procurement process can be made easier, brighter and overly efficient as it cuts back on the number of channels involved in any business procurement process.

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 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 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 business’ digital marketplace for facilitation of online 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 Executive Officer, said that via Eezee, an individual can easily see a cheap product which suits their specifications and make a buy decision immediately.

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, their b2b merchant.

Source: official website

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