Lessons Learned About Businesses

The Future Possibilities 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 is it supposed to achieve? 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 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 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.

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 use of b2b e commerce can eliminate processing of orders manually or via telephone and email and instead orders can be made digitally hence cutting on cost and time spent.

Finalizing a b2b ecommerce deal is very 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 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 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 through Xfers.