What is standardized procurement?

The Advantages and Benefits of Using Standardized Procurement

Standardized procurement means your employees order from a custom online catalog of approved items, with approval workflows on top. It often yields 1.5 to 3 times the savings over and above lowering the cost of goods purchased.

Cost Control and Reduction

Your Supply Programs (Office, Janitorial, Ink and Toner, Industrial, General MRO) aren’t considered fixed expenses, but you can control what’s purchased before it hits your inbox for approval. Using a supplier/customer controlled catalog directs your employees to the right purchase every time.

Blistering Speed

A custom online catalog using your supplier’s platform is a highly effective way to remove 100% of your rogue spend. Not only will your employees know which items they are supposed to buy, but they will spend less time searching for the supplies they need. In addition, the order approval will also become much more efficient.

Enterprise Procurement Technology

By using your suppliers technology platform, you can now put enterprise level procurement processes in the hands of your business without the financial burden of paying for it.

Renewed Focus on Core Business

You may not be in the business of procurement, and becoming an expert in that area should not be an inevitable cost for you to bear. Focus on your core business and do what you do best.

Cost Reduction

More than 40% of all companies who use Standardized Procurement often find 1.5 to 3 times the savings than lowering the cost of goods

Other Benefits Include:

Standardized procurement often yields 1.5 to 3 times the amount of savings over and above lowering the cost of goods purchased.
An increase in “speed of purchase” using a custom online catalog of approved items
An increase in “speed of approval” using order approval workflows
Employees no longer have to worry about whether or not they are buying the right item for the job with a standardized catalog since everything is preapproved
Insight reporting allows the buyer to get a bird’s eye view of the product spend across the entire organization
Access to enterprise level procurement technology by leveraging your supplier’s web platform

“Putting the custom catalog into place saved us an additional 22% annually.”

Shannon, Memphis, TN

Standardized Procurement