Procurement Masters

Over the last period, the role of procurement has transformed rapidly. The need to improve supply chain sustainability and affectivity and of course, to boost profitability mostly, has turned procurement into a vital part of the company that can save a lot of money.

Bestauction.com joins the DMZ’s Bootcamp!

I never believed that we could get such great savings on a single service. We have found that by being able to confront several suppliers, we can compete with a company that not only suits us best, but also offers an unbeatable price. And all this under the pressure of competition and the effort to gain business.

The goal of most organizations is to reduce costs through streamlining procurement processes. The introduction of electronic applications into the procurement process opens up opportunities for significant cost reductions. The introduction of electronic reverse auctions is currently one of the most popular forms of electronic procurement processes. Many organizations declare the introduction of electronic reverse auctions is saving them from 10 – 20% of their costs.

The current Covid-19-crisis has tested our readiness to manage the whole procurement process from the very beginning till the end and to cope in this disruptive and constantly changing business environment. The situation is changing rapidly and the spread of the virus around the world has created so many problems not only in this fields of activities.

Billions of people are being affected by the new COVID-19 pandemic, setting off an unprecedented global health crisis.