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e-procurement providing the ultimate solution in streamlining bulk pro By Kobster Elite

  in Marketing | Published 2017-01-29 02:19:47 | 131 Reads | Unrated

Summary

With e-procurement providing the ultimate e procurement solution in streamlining bulk procurement, business buyers are now finding it easier to save money as well as time and improve upon the Supply Chain Management. Kobster has introduced this innovative process of placing orders for bulk procureme nt, replacing the old system of sending the list of products to the CRM team for placing their orders. The new system has revolutionized the process of placing orders and procurement in bulk quantity by just downloading the product file and then uploading it in the portal after making necessary changes.

Full Content

With e-procurement providing the ultimate e procurement solution in streamlining bulk procurement, business buyers are now finding it easier to save money as well as time and improve upon the Supply Chain Management. Kobster has introduced this innovative process of placing orders for bulk procurement, replacing the old system of sending the list of products to the CRM team for placing their orders. The new system has revolutionized the process of placing orders and procurement in bulk quantity by just downloading the product file and then uploading it in the portal after m

aking necessary changes.

With this e procurement tool, buyers will be able to streamline their procurement process without having to go through the hassle of browsing the different categories of products, selecting the items to be purchased and then listing them and sending to the CRM team. As an e-procurement solution provider, Kobster has ushered in an innovative process of bulk procurement which provides an array of advantages to their customers. First of all it pays for corporate and SMEs to invest in e-procurement technology, which provides the advantages of saving the cost of purchase and at the same time increase the efficacy of the Supply Chain Management. The primary advantages of this e procurement solution include:

  • Reduction in costs – It is through eliminating errors, rework and paper work that e-procurement helps in reducing costs. Supplier relationships become structured and volume of purchase is leveraged, enabling improvement in the system and enhancing the performance of the suppliers.
  • Increase in productivity- Items that are obtained by internal customers can be obtained from an approved catalogue of items through online ordering and requisition system. The production staff can concentrate more on improving relationships with the suppliers instead of having to process the orders.
  • Visibility of spending- Centralized tracking of all transactions helps in exhaustive reporting on all requisitions, order processes, items purchased and payments made.
  • Having controls- This system ensures that proper authorization applies for each transaction by having the process of approval and formal workflow standardized and thus there is an improvement in the compliance with the policy.

To get the desired results, an approach to e-procurement is needed that is fully integrated. The advantages of e-procurement can only b realized fully when the processes and the systems are properly managed. The e procurement tool helps in creating the standard documentation for procurement like requests for information, proposal and quotation. This method is a proven one which help to source quality products and create the framework agreements to find the best prices. Investing in e-procurement can help streamline the process of procurement while saving on the cost of purchase. The bottom line benefits like process efficiencies, reduction in cost, having control over spending and compliance make this e procurement solution the best one. Thanks to Kobster, an e-procurement solution provider for boosting the confidence of their customers upon them as the biggest B2B market place in India. This innovation in bulk procurement can further strengthen the relationships with the suppliers. 

21pbn

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