Looking Into the Future of Procurement

Most organizations are highly dependent on the procurement function for them to operate efficiently. However, the conventional procurement needs lots of modification in order to meet its intended goals.

What needs to be done to be able to enhance its performance? 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 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 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 company’s strategic vision.

In the “Internet of Things” procurement should take center stage. 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, 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 telephone and email and instead orders could be made digitally hence cutting on cost and time spent.

Finalizing b2b e commerce dealing is quite simple. 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’s good to use a payment disbursement or collections intermediary. There are many companies that offer such type of service online for example 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 dollars.

Eezee has additionally 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 needed to procure such supplies from different suppliers. 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 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.