Education Paris

Blog

Short Course on Businesses – What You Should Know

The Future Possibilities of Procurement

Most organizations are highly dependent on the procurement function for them to operate effectively. 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 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 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 ought to realize that procurement can’t 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 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 ecommerce (business to business, electronic commerce) eliminates lots of intermediaries involved during the procurement process hence smoothening the process. 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 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 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 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 CEO, said that through Eezee, one can quickly see a cheap product that suits their specifications and make a purchase decision on the spot.

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.