Strategies to Enhance Procurement Efficiency and Cost Savings Using Amazon Business

Source: CIO Magazine

In the current competitive business environment, procurement teams face pressure to cut costs, improve efficiency, and meet sustainability targets. Companies such as AECOM have integrated Amazon Business into their procurement platforms, reducing the number of steps in purchasing processes and benefiting from savings like free delivery. Vision Multi Academy Trust and Gordon Food Service also improved invoice management and supplier controls, saving staff time and supporting diversity initiatives.

Nottingham Trent University focuses on sustainability by prioritizing local suppliers to reduce carbon emissions and supporting the local economy. Procurement tools offering features such as Pay by Invoice and sustainability certificates enable organizations to streamline workflows and enhance transparency. However, companies should prepare for challenges like change management and system integration during implementation.

The future of procurement emphasizes sustainability, supplier diversity, and data-driven decision-making, with organizations leveraging these trends for continual improvements. Long-term advantages include better cost control, strategic procurement insights, and stronger compliance with company policies and sustainability commitments.

👉 Pročitaj original: CIO Magazine