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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 needs to be done in order to improve it? 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 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 a b2b e commerce deal is very easy. 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 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 execute 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 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 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.

Recommended reference: https://www.xfers.com/