Looking Into the Future of Procurement

Many organizations depends largely on their procurement department or function for them to function 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 needs to be done to be able to enhance its performance? 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 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 should realize that procurement can’t operate 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 where most businesses are embracing technology. With b2b e commerce, the procurement process can be made easier, smarter and overly efficient as it cuts down on the number 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. 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 is good to use a payment disbursement or collections intermediary in order to avoid being scammed. There are many companies that offer such type of service online for example Xfers. Xfers integrates a secure payment platform onto your company’s digital platform for facilitation of your digital transactions. Xfers’ b2b merchant platform has enabled businesses carry out secure transactions worth of millions of money.

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 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, their b2b merchant.