Looking Into the Future of Procurement
Most organizations are highly dependent on the procurement function for them to operate efficiently. 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 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 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 ought to have a clear sense of the needs of procurement and establish quantifiable and specific procurement approaches.
The future of procurement is brighter if the procurement professionals develop sustainable procurement approaches. They should realize that procurement cannot 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 smarter, easier and very effective as it cuts down on the amount 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 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 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 carry out secure transactions worth of millions of dollars.
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 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.