Cost effectiveness in the e-procurement process

by Inactive User
All enterprises rely upon a competitive bidding process to achieve better value for money.

e-procurement for better value for money
All enterprises rely upon a competitive bidding process to achieve better value for money. It is also true that they all have unique needs when it comes to purchasing. What you do and where, how you operate and how you want to your company to grow and evolve all shape the way you purchase goods and services.

With hook biz, you have a range of variables to meet needs, as well as the flexibility you’ll want in the future as your business and market evolve. Its social network component facilitates the information gathering on the range of products and/or services available in the global market that would suit the requirements of the purchaser, as well as potential suppliers from miscellaneous geographical areas and industries.

All these range of information is the best way for procurement officials to design the e-procurement process to achieve the best “value for money” and add up to 30% savings.

When designing the tender process, officials should be aware of various factors. The efficiency of the procurement process will depend upon the bidding model adopted, but also on how the tender is designed and carried out. Transparency is indispensable for an efficient procurement procedure.

Increase transparency

Whatever the size of your organization, knowing what and where you are spending is vital to fiduciary responsibility. With hook biz, you get a clear, in-depth view of bids, quotes and purchase process. You can compare proposals and negotiate directly with suppliers in a more informed way.

Gain insight

Effective decision making requires the right information and astute analysis. hook biz gives you superior access to multiple proposals so you can turn information into intelligence. You can also access suppliers and products/services information to help you get all that you can out of your e-procurement processes.

Improve Efficiency

With traditional purchasing processes, activities like information gathering and data entry limit how efficient procurement teams can be. hook biz is designed to streamline, simplify and automate purchase process, helping ensure secure access to numerous bids and direct negotiation to suppliers, while reducing time-consuming manual processes, so your people have time for more productive tasks.

Therefore, e-procurement platform and social network for information gathering as hook biz small and medium sized businesses can save thousands of dollars (or euros) per year. This way, hook biz gathers numerous tools for increasing efficiency and productivity and connects businesses across the globe for easier internalization of companies. Register users just need to explore its marketplace potential and stay tuned.