The success of Amazon Business for procurement has shown that e-procurement, as well as B2B Marketplace, has come to stay. Amazon Business was launched in 2015 and reached its millionth-customer mark in July 2017, just two years after. The platform signed more than 400,000 businesses and over 45,000 sellers within its first year of operation. It also reached $1 billion in revenue within the same year.
No doubt, e-procurement business model has come to stay. Small businesses, as well as big businesses, have come to realize the importance of e-procurement in their business. The use of Amazon Business and other procurement platforms will not only helps businesses save cost but enjoy faster transactions, efficiency, and better inventory management.
Amazon Business and other platforms of such nature make it easier for businesses to purchase products from one another. This business model simplifies the purchasing process and offers a suite of procurement services to every type of business and organization. As a small business, you can make your procurement process efficient by leveraging Amazon Business.
What Are the Advantages of Using Amazon Business or B2B Procurement Platform?
- Higher Discounts
You will enjoy bigger discounts when you join forces with other business to procure the items you need for your business. This business model enables small business owners to join resources with other small business owners or even big corporation to solve their procurement needs.
- Faster Transaction
The use of Amazon Business or B2B Procurement Platform allows a business to make transactions faster. You can see all the sellers in one place. This will help you reduce your workload. You can now focus on other core areas of your business.
- Lower Prices
You can be able to enjoy lower prices. These platforms are created to help you negotiate lower prices for the goods and services you purchase through the platform. You can save as much as 10% to 35% when you are using Amazon Business or other platforms such as PurchasingPlatform.com.
- Better Inventory Management
The use of Amazon Business or PurchasingPlatform allows you to control your inventory from one portal. You can get a valuable insight from the data provided by this platform. You can use this data to streamline your purchases and better manage your inventory.
Conclusion
Amazon Business has shown that B2B Marketplace is a great business model. Fortunately, you have a number of options when you are looking for a B2B Marketplace. You can get started by getting a customized plan for your business from PurchasingPlatform.com.
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