The Right Contact One of the biggest benefits of the B2B market is that it puts buyers and sellers in contact with each other. This means that buyers can have access to a wide range of products and services, as…
The business world is often slow to warm to new ideas, especially when they disrupt processes that have existed for many years. The world of supply chain is no different. Procurement departments have been utilizing things like purchase requisition forms…
Procurement is a vital aspect of business, and it's only going to become more important in the coming years. The most common trends in procurement include artificial intelligence (AI), digital marketplaces, and predictive analytics. Let's take a look at what…
In a world where data drives decision-making and the speed of business is accelerating, it's no surprise that procurement teams are looking at digital solutions to streamline their processes. That's why we've seen an explosion in demand for cloud-based procurement…
The supply chain has always been a process that businesses have had to navigate. It’s a necessity for companies to find the best products at the most affordable price points, while also making sure those products arrive on time and…
Digitalizing Procurement Processes Reducing costs in the supply chain continually needs new and innovative processes. Large procurement departments have sprinted to the digital world with Procure to Pay (P2P) Solutions. The integration of these systems with an online B2B marketplace…
Countries around the world are shifting their efforts towards one important concept– yet one that isn’t particularly new. “Localization” refers to the renewed focus of procurement on buying from local companies, purchasing local products, and supporting local services. This idea…
You have a digital procurement process, but you're not seeing the value you expected. What now? One of the most common assumptions made by large enterprises is that having a digital purchasing system means they have unlocked all the potential…
B2B vs B2C Common Features The common features of both B2B and B2C marketplaces are very similar: user login page, search bar, filtered settings, seller reviews, shopping baskets, checkout pages, and some form of a dashboard or shopping window. While…
A B2B (Business-to-Business) marketplace is an online platform that helps businesses to buy and sell products or services from each other. It uses technology to connect buyers and sellers across the world. B2B marketplaces are a new way of doing…