What do mobile devices and procurement have in common? Both are setting trends, changing the market landscape and replacing traditional processes with much faster and convenient modern ones. Mobile devices or smartphones are ubiquitous in today’s fast paced world and this penetration is set to increase as the technology becomes cheaper and widely available. Be it a smartphone, tablet or a wearable device, these have had a strong impact on daily life as well as on the business processes. Procurement, on the other hand, has come a long way from just being a purchasing function to now being able to devise strategies and make informed decisions. Organizations have identified the benefits of adapting to the latest technological trends, thereby transforming the way the procurement professionals do business.
Organizations have adopted mobile procurement strategies that include software that are optimized for computers as well as mobile browsers to keep up with the latest trends thereby facilitating access from every platform. Integrating old processes with newer technology has made the lives of procurement professionals easier, faster and convenient. It is one of the pivot or the focal point of the entire organizational supply chain. Let us have a look at the benefits of mobile strategies and solutions.
Anywhere and Anytime, Always!
Mobile procurement solutions allow buyers to work from anywhere, allowing them to make purchases remotely or on the go. Flexibility is an important factor in sourcing and purchase processes, which helps the business create a competitive edge over its competitors. Every function including procurement has adapted to mobile strategies facilitating flexibility in work. At SpendEdge, we help clients to gain granular insights about business trends and forecasts thereby facilitating saving opportunities and driving profitability.
Creating a Competitive Edge with Data Access
These mobile procurement solutions are a new thing in the industry, which means there is all the more a reason for the organizations to adopt and adapt to this new technology. These solutions help in reducing the time required to process approvals and applications at every level in the organization, thereby expediting the process. Top management professionals know for a fact that the sourcing function is handicapped without the right data and information, therefore making data access across multiple platforms inevitable for its success. This means that by implementing mobile strategies within the organization, the chief procurement officers (CPOs) and other sourcing professionals will have access to information at the touch of a button, or screen.
Enhancing and Expediting Employee Experiences
Procurement is a vital part of the entire supply chain process and therefore it is essential for the organization to integrate its processes with mobile solutions. Mobile procurement solutions offer user-friendly interfaces, facilitating easy navigation, thereby enhancing workforce efficiency. This enables the sourcing professionals to source faster, eliminating the traditional roadblocks and as a result creating a satisfying experience for all the stakeholders – internal as well as external.
Are your strategies mobile friendly? Are you contemplating mobile strategies that can facilitate sourcing functions and are still in doubt? Don’t worry we’ve got your back. At SpendEdge, we provide actionable insights on procurement and supply market which will help businesses make strategic decisions thereby driving profitability and growth.
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