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The Future of Procurement

Most organizations are highly dependent on the procurement function for them to operate efficiently. 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 in order to improve it? It is the responsibility of procurement practitioners to do what needs to be done to make procurement something helpful and that can meet organizational requirements.

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 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 incorporated 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 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 e commerce (business to business, electronic commerce) means that there are no many intermediaries involved during 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 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 money.

Eezee has also made b2b e commerce an easy by providing a single tech platform where companies can secure their industrial supplies readily and economically, while reducing the hassle and time needed to procure these 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 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.