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The Future Possibilities of Procurement

Most organizations are highly dependent on the procurement function for them to operate efficiently. But as is presently structured, procurement has not really met the organizational requirements needs of businesses and hence there is need to move from the traditional procurement means.

What needs to be done to be able to enhance its performance? It is the obligation of procurement practitioners to do what needs to be done to make procurement something helpful and that can meet organizational needs.

Procurement practitioners have to become 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 brighter if the procurement professionals develop sustainable procurement approaches. They should realize that procurement cannot work 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, brighter and overly efficient as it cuts back on the number of channels involved in any business procurement process.

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 b2b e commerce dealing is quite simple. All that is needed is logging into a B2B Portal and find suppliers who sell what you need, their quotes and prices 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 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 dollars.

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 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.