As digital transformation continues to revolutionize the way business is done, modernizing procurement systems must become a key strategy to support company growth and customer value.
Upgrading the traditional procurement technologies and processes you still use today to cloud-based digital purchasing will make buying for your business as easy as shopping online for an individual, with an equally intuitive user experience (UX). Provided. That’s not all. Moving to cloud-based procurement gives you a powerful set of tools to help you streamline operations, manage spend, and reach your strategic goals.
risk and reward
Organizations often spend a lot of time, money and resources building a network of suppliers to keep their business running. However, global threats to supply chains such as pandemics, climate change, and war continue to emerge. Also, relying entirely on these systems to work flawlessly can jeopardize operations.
To stay competitive and stay prepared for disruption, organizations rely on procurement leaders to innovate and make purchasing more agile. While cost reduction remains a key priority, Deloitte’s 2021 Global Chief Procurement Officer Survey respondents ranked operational efficiency (78%), digital transformation (76%) and innovation (73%) as key listed as a strategic goal.
Digital procurement provides these leaders with solutions to procurement challenges such as easy and secure user onboarding, budget automation, ordering, shipping and invoicing. Additionally, by moving from the basic purchasing data provided by traditional systems to the more sophisticated analytics generated by digital procurement systems, managers can track and control spend, drive compliance, monitor purchasing patterns, and Get insights to meet your larger organization-wide goals.
Solving logistical challenges
As one of the world’s largest energy companies, Chevron’s purchasing needs are complex and diverse. The company overhauled his procurement system in 2018 and leveraged his Amazon Business for its purchasing needs. The one-stop sourcing solution combines the ease and familiarity of the consumer shopping experience with robust real-time analytics, time-saving features, and a suite of spend management controls.
By managing and organizing reorder lists, managers at Chevron’s 300 company-owned gas stations can spend less time in the purchasing process. “We were able to source the items we needed and put them on our reorder list, and we were able to price them competitively,” said Nicole Cannon, operations leader at Chevron. “The manager can go to her Amazon Business and click to add everything she wants to her cart. It’s a five minute process.”
Plus, flexible and predictable delivery options ensure your employees get what they need on demand. For Chevron Gas Station employees, where storage space is at a premium, just-in-time delivery from a curated list was a game changer.
“Most of our products show significant cost advantages,” says Kevin Jackson, logistics manager for Chevron’s Mid-Continent Division. “But the biggest thing is employee morale, because they get what they need faster and with less red tape and steps.”
Tracking progress towards sustainability goals
In addition to increasing efficiency and reducing costs, digitizing procurement operations also provides companies with the tools to track progress against strategic goals such as corporate social responsibility (CSR). Features such as Guided Buying, a benefit of Business Prime, allow admins to designate specific products as priorities, allowing businesses to diversify their suppliers, buy locally, and use more sustainable supplies. You can adjust your spending to support your CSR goals by purchasing
Volvo Car USA (Volvo Cars) uses guided purchasing to scale and source purchases in line with the company’s commitment to sustainability.
Alex Penning, Senior Buyer Expert at Volvo Cars, said: “We are encouraging our retailers to eliminate all single-use plastics. It is important that all retailers have one process. ‘, he says. “We support retailers by subsidizing some of the products we encourage them to use, and we are able to track and see if they have received them. It eliminates a lot of manual work for the Volvo Networks development team.”
Future-proof your business
Organizations must view procurement systems as a strategic business function to outperform their competitors, and cloud-based digital procurement is integral to that strategy. Finding a partner that can help you streamline operations and balance costs and efficiencies is no longer a tactical addition to your growth strategy. Today’s business environment demands it.
By optimizing procurement and moving to a cloud-based purchasing system, organizations can be as agile as they need to be, responding to changing purchasing needs in real time and enhancing overall business performance. The move to digital purchasing allows organizations and employees to focus on their top priorities: developing products and services, achieving strategic goals, and growing their business.
Customers who already use or are interested in using AWS as a cloud service can benefit from Amazon Business’s complementary procurement services to help them make faster and more informed supply chain decisions. can be done based on For example, AWS Supply Chain is his AWS cloud-based application that provides real-time operational visibility to help predict and mitigate inventory risk. As a centralized ordering solution, Amazon Business also streamlines B2B procurement and helps organizations integrate with enterprise-ready procurement tools and systems. Amazon.com experience.
Learn how Amazon business works Help your organization strengthen its procurement and grow.
