Benefit for Buyers and Sellers

Suppliers benefit from the e-Procurement evolution as they have the potential to grow their business, create a dynamic electronic catalog, and reduce operating costs. Some suppliers already foresee the huge market the internet has brought them to, and are willing to participate with a small portion of their marketing costs. For them to be part of our enormous content is a win-win situation.

As part of our database, suppliers can have access to a new electronic sales channel. These enable suppliers to grow their business rapidly, reaching new markets and further securing their existing customer base. Direct connectivity with customers increase a supplier's business with current customers because it ensures more on-contract buying, reduces leakage, and enhances their relationships with customers.

Content management by Inner Esteem operates a managed content model that provided services and tools to help suppliers build a robust electronic catalog for their new customers. All pricing and availability are transparent to buyers which will benefit buyers of the best and affordable deal they are interested.

Suppliers will realize savings on labour costs through electronic order processing which supports more orders with the same staff level. Through the increased order processing accuracy provided by automated buying procedures, buyers can avoid transcription errors, thereby reducing returns from incorrectly entered orders.

Our database creates stronger supplier relationship among other suppliers who are part of our members. This makes the database acquisition task far less complicated and more cost effective. This relationship can be leverage to an even greater extent when the buyer has selected an e-Procurement vendor that provides front and back-end supplier integration support.

Personalized content eliminate the costly practices of 'maverick' buying and contract leakage by providing user-specific content, i.e. prices, quantities, package deals that are only offered to specific suppliers. This guarantees the awareness of pricing war and buyers being rib-off.

E-Procurement | Introduction | E-Procurement Solution | Benefit for Buyers and Sellers | Conclusion

 

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