Earning countless leads at reduced costs is an all-in-one objective of every organization and will come out feasible with a digital procurement strategy. Digital procurement ultimately provides evidence-based options for buying decision making under conditions of scarcity and improves the accuracy. With Digital procurement,  Strategic sourcing is becoming more auspicious with Supply Base and Costs to reach transparent agreements,  Transactional procurement is becoming more computerized with minimal manual intervention to address inconsistency, and  Supplier relationship management is becoming more dynamic. [...]

Procure to pay (P2P) process has always been hard. The cross-departmental alliance of getting right vendor, negotiating deals, reducing expenditure, and looking schemes to automate the goods buying cycle doesn’t come good without its own glitches. Although Procurement challenges vary business to business and based on an organization’s size. Here are few common procurement challenges that visit businesses of all sizes. [...]

Procurement excellence help businesses improve cost efficiency and drive better business values. Every organization aims to ensure the timely supply of goods and services in line with business goals at reduced risk involved within the supply chain. Co-operation from all departments is needed throughout the organization to source and regulate external resources such as identifying the need for goods or services, evaluating and choosing strong suppliers, negotiating prices and creating buying contracts to get the best. [...]

As Compare to Traditional Paper based Analog and Manual patterns, Punchout Catalogue for MRO Sourcing give modern procurement teams an authentic method to improve not only the speed and accuracy of purchasing processes, but also deliver an Improved Communication with Better Productivity due to faster order processing. Buyers can find better details about items along with their availability, available discounts and related shipping costs in order to book within their purchasing system, which will be updated by the prestigious suppliers in real-time. [...]

One of the major locales that leave enough room and has extreme potential for large cost savings and enhanced efficiency in the supply chain industry is in the procurement of indirect materials that are not directly utilized for the manufacture of industrial goods and services but are of paramount importance for maintenance, repair, and operation of the companies. But many challenges are encountered in the MRO procurement system. [...]

In the MRO sourcing world, various kinds of activities are pursued by the procurement services but since the present global scenario is compelling the companies to shift towards MRO outsourcing and only do the very essential within the company on their part. The primary aim has been improving the quality of the critical operations and significant cost reduction. This shift was due to the impact of the global financial crisis witnessed in 2009. Since then companies have prioritized cost savings over connecting with new suppliers. Though the modern-day distributors are the best in terms of providing service and competitive pricing, they do no justice in providing assured total cost savings from the angle of MRO procurement and that's what differentiates them from MRO integrators. [...]

The challenge of MRO procurement is growing and putting every organization in a need for smarter MRO Procurement. Digital Solutions are adapting gradually for capturing and sustaining more values in MRO Procurement and Supplier Selection Automation system. They are helping procurement functions better understand, analyze, and improve their MRO spend which leads to better contract compliance, inventory reductions of up to 30 percent, and cost savings of 15 to 20 percent. More broadly, these technological solutions can help procurement functions build critical digital infrastructure and analytics capabilities, turning MRO into a value driven category that sets a new edge for alliance between procurement and operations. [...]

Amid Pandemic, high demandable Oxygen Concentrators are proving a boon for the people with breathing disorders. Not only it’s a light weight and cost-effective device but also good for hospital & home use. Oxygen concentrators are devices which work like an air conditioning unit helps to concentrate the room air into pure, medical grade oxygen. It should be of good quality to reap the best benefits of O2 therapy, Else a patient has to struggle for required oxygen to live. [...]

Every organization dreams to pay the best prices for goods or services, saves time by choosing the most reputable vendors, and seeks minimize order delays and faults. Moreover, Supplier, Manufacturer, and the Customer have to be in a single Digital Ecosystem where all relevant data and information can be accessed immediately in the cloud.[...]

Every single creature is fighting against COVID issues and seeking goodness with Personal Protective Equipments. Workplace safety is important to maintain during COVID pandemic in India, but hard to manage when safety items are wrongly used and not up to the recommended standards. Being an employer, Protect yourself and your employees with essential supplies such as Mask, Hand Sanitizer, PPE kit, Touch-less hand sanitizer dispenser, Oxygen Concentrators, Pulse Oximeter to check oxygen level required for breathing and other mandatory safety equipments. [...]