The Future of Procurement

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

What is it supposed to achieve? 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 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 bright if the procurement stakeholders think out of the box and approach procurement in a sustainable manner. They should realize that procurement can’t operate in isolation. It should be integrated into the overall company’s strategic vision.

With the “Internet of Things” procurement should also find its presence online. B2b e commerce is the newest way where most businesses are embracing 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 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. All that’s required is logging to a B2B Portal and discover suppliers who offer what you require 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 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 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 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.