Procurement Partners Staff

Recent posts by Procurement Partners Staff

1 min read

Vendors Save with Business-to-Business Procurement Automation

By Procurement Partners Staff on Fri, Apr 20, 2012 @ 10:00 AM

iStock_000014716574XSmall-resized-600If you’re a vendor providing suppliesfor health care facilities, schools, or hotels, it can be a challenge to keep up with all the various aspects of your business. You have to find new customers and take care of your current ones, all while trying to keep your prices competitive and your costs under control. 

Meanwhile, you’re dealing with thousands of purchase orders, invoices, and other transactions each year. The procurement process can be very complex, especially as your business grows and develops. Business-to-business procurement automation can simplify your distribution process while saving you money.

What exactly do we mean by “automation”? Are we suggesting that you hand over control of the entire process? 

Not at all. Think about it in terms of an automobile. A car has all sorts of automated parts. But cars can’t drive themselves. (At least, not yet!) A car still needs someone to be in control and make the decisions about steering, accelerating and braking.

There’s no one-size-fits-all solution for every vendor, or even for each one of your individual clients. We understand you need a system that is adaptable, flexible, and customizable to meet the needs of your growing business and your various customers. That’s why we've built numerous customizable features into our innovative automated solution. And you can always add or change features quickly and easily.

Procurement Partners is committed to bringing value and savings to our vendor partners. Working together, we can create a positive ongoing commerce experience for you and your customers. Our tools, information, and automation can help promote communication and accuracy between you and your clients while increasing your sales and lowering your costs. 

With Procurement Partners, you are always in the driver’s seat, but we’re there to help keep things running efficiently. Contact Us to learn more.

Topics: Procurement Automation business-to-business procurement procurement automation best practices
1 min read

Save Money by Improving Your Procurement Process

By Procurement Partners Staff on Thu, Apr 05, 2012 @ 09:00 AM

iStock_000019812779XSmall-resized-600With prices rising, it may be time to take a closer look at procurement. For many businesses, the procurement process represents a valuable opportunity to save money and reallocate resources. In a recentBain & Company executive survey, more than half of the respondents said cost pressures constrain their ability to make strategic investments. Considering that procured costs can represent 25 to 60 percent of a company’s total costs, it’s well worth examining how this process could be managed more effectively.

Despite procurement’s significance and cost-saving potential, there is plenty of evidence to suggest that for many companies, this is an area with lots of room for improvement. When Bain & Company surveyed executives about their experience with past procurement management initiatives, 72 percent of the respondents felt that they do better and save substantially more than they have in the past. This belief was expressed just as often by the heads of procurement as it was by CEOs and CFOs.

While most executives realize they could reduce their procurement costs, actually making it happen is no easy task. Without a predefined, systematic plan for reducing costs, most organizations never fully reach the potential savings. But again, it’s not easy to create and implement such a plan. For example, 77 percent of the executives surveyed noted that their companies’ procurement efforts are especially weak when decisions are fragmented across many buyers. 

This study demonstrates the need for better integration of the procurement process. In fact, research indicates that by implementing the right tools and processes in a number of key places, you can cut procurement costs by 10 percent. Procurement Partners offers a wide variety of automation and cost containment processes to help you save that 10 percent, or even more. Contact us to learn more.

Topics: cost containment process cost saving eProcurement procurement process reduce procurement costs real savings


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