New White Paper Provides Step-by-Step Guide to Identify and Address Key Procurement Challenges
CINCINNATI, Sept. 25, 2015 /PRNewswire/ — Vinimaya, Inc., a leader in providing transformational Procurement marketplace solutions, has just released a new white paper that provides insights into identifying and solving key procurement challenges through the successful deployment of a well-planned approach. The free white paper, Twelve-Step Program for Implementing a Successful eProcurement Marketplace Strategy, discusses 12 key steps to help organizations develop and maintain a successful eProcurement plan that will drive compliance, efficiencies and savings.
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The paper states that industry benchmarks have shown that approximately 30 to 50 percent of an organization's external spend is on indirect goods and services. These purchases include office supplies, IT resources, electronic equipment and accessories, software, stationery, printing, consultants and contractors, etc. It also cites studies that have shown that a 5% reduction in purchasing costs can improve an organization's bottom line as much as a 30% increase in sales.
The white paper is designed as a guide to help procurement leaders develop a comprehensive strategy that will drive marketplace user adoption, reduce rogue (out-of-contract) spending, identify and measure the important KPIs, manage supplier catalogs, foster compliance, increase savings and realize organizational goals. The paper discusses how an organization's eProcurement strategy should be conceived holistically–as an integrated part of the overall procurement strategy–to ensure that business objectives are met.
Additionally, Vinimaya's white paper provides insights into developing a consumer-like, B2B procurement marketplace that makes it easier for shoppers to find the products and services that they need quickly, while ensuring the items are from the approved/preferred suppliers through the use of guided buying.
Vinimaya's complimentary white paper is available for download at:
http://www.vinimaya.com/resource-type/white-papers/
About Vinimaya
Vinimaya is a MBE-certified company and a thought leader and innovator of procurement and B2B marketplace solutions for some of the largest organizations in the world. The company is committed to a solutions-focused approach and working closely with global clients to define current and future procurement pain points that greatly improves the way they do business. Visit www.vinimaya.com. Twitter: @vinimaya_inc.
Contact:
Paulie Anthony
Director of Marketing
614.397.7490 (mobile)
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