Are RFx forms a huge pile of paper in your company? Do you still submit orders on endless Excel forms? Do you get tones of emails with offers or spend ages on searching new suppliers? Watch our short video and see how NextBuy procurement platform can change your everyday work life!
There are 4 key features which matter in business: : fluency, flexibility, visibility and forecasting. Those features are most wanted by business leaders while selecting and implementing software supporting various teams’ work. Every system, whether for HR, Finance or Sales should:
be so flexible to answer the needs of the companies which do not operate in a standard way
provide data flow
be able to analyze the data
A transparent procurement process ensures equal access to all the process elements for all its participants and suppliers (certainly, except the sensitive data). Procurement methods, procurement process rules (for example, acceptance workflow), legislation, evaluation criteria (such as attaching significance to the particular criteria), technical specification, supplier rights should be definitely transparent.
Small and medium-sized enterprises, so the SMEs ( according to the European standards those are the ones hiring from 10 up to 250 employees, while the companies with less than 10 employees onboard are defined as micro companies) account for 99% of all firms in the European Union, contribute most of total employment and are an essential element of every developing economy. In the UK alone there are 97.000 SMEs formed each year! SMEs spend between 45% and 60% of sales revenue on procurement of raw materials and professional services. Small business owners are increasingly subscribing to cloud-based software services too.
Why should procurement executives also consider GDPR? GDPR applies to both controllers and processers of data and business needs to present compliance in terms of GDPR regulations. That why procurement teams need to be prepared as well. To make it at least a bit easier, we’ve prepared GDPR checklist for procurement teams!
According to one of the consulting companies research 50% of CEOs have no idea what a procurement team really does. According to another survey 58% of CEOs think that procurement is uneffective and needs to be re-organized. How to change this attitude and debunk the myths? Procurement software and online auction platforms may be a perfect solution in that case! Not only do they support procurement teams work, but also they bring a huge value to the C-level employees.
You get a task to work on a purchasing strategy for the company. Huge challenge, isn’t it? And it doesn’t necessarily have to be completed successfully. All depends on how we kick off the project and how the change management is going to be coordinated. How to start and keep a cool head? We have a hint for you!
Suppliers aren’t responding, the phone is silent and the whole decision making process is much longer than usually? No feedback and response may really disturb the work of procurement teams or even make it impossible. Are you working in an international company and the holiday peak happens in different months? That definitely won’t make the situation better. But it doesn’t have to be wasted time. Buyers and procurement experts may take advantage of this time effectively and get ready for the next intense months. How?