Looking Into the Future 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 obligation of procurement practitioners to do what needs to be done to make procurement something helpful and that can meet organizational needs.
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 should have a very clear sense of vision of the role of procurement plays and set quantifiable and specific 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 ought to realize that procurement can’t work 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 email or phone and rather orders could be made digitally consequently cutting on cost.
Finalizing a b2b e commerce deal is very easy. 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 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 carry out secure transactions worth of millions of money.
Eezee has also 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 and time needed to procure such 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 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.