A business-to-business or B2B marketplace is a place for you to procure your business needs online. It is a haven for those wishing to connect with a variety of suppliers. Backed with cutting-edge artificial intelligence-based data cleansing and classifying technology, Purchasing Platform has more than just a transactional B2B marketplace on the menu. Here are the top 7 advantages of using a B2B marketplace such as Purchasing Platform for the purpose of eProcurement –
- Options Galore
Purchasing Platform is a centralized vendor marketplace ideal to meet a multitude of suppliers for all your business eSourcing, Catalog Management, and procurement needs. With over 1,000,000 discounted products daily on offer, there is also the comfort of knowing that with its Price Match Guarantee you will get the most competitive pricing for the products.
- Ease Of Automated Processes
Switching from conventional paper-based purchasing to automated eProcurement will save you productive time that your team can spend on operational tasks instead of tedious purchase processes.
- Seamless Inventory Management
The eProcurement suite of Purchasing Platform gives you the option of linking your inventory real-time with your profile, giving you complete control over your inventory, helping you gain better control over your inventory and considerably reducing inventory and storage costs.
- Invaluable Data Insight
With regular reports on your spending habits and purchasing trends, you will be more empowered to make future purchase decisions with a procurement software.
- Market Research Locus
A B2B marketplace like Purchasing Platform also gives you the advantage of conducting a rigorous market research by showcasing a vivid database of vendors and products in its catalog marketplace.
- Aggregation Of Buying Power
With features such as Employee Spending Limits, Purchasing Transparency, and Management Approval on Orders, Purchasing Platform is a P2P group buying platform offers aggregation of buying power in your hands completely.
- Open Relationship With Suppliers
Your relationship with your suppliers will be on your terms. There is no obligation or any long-term contract in a B2B marketplace that will bind you to the vendors. This gives you the ease to pursue procurement on your terms and based on your business’ needs.