CEO AND FOUNDING PARTNER OF PUNCHOUT2GO
B2B Procurement Market Overview
eProcurement is the combined use of electronic information and communication technology to enhance the links between customer and supplier. Brady Behrman was direct on the current market scenario, speaking about the challenges faced and offering tips for distributors to sell via eProcurement. You can watch the whole video of his speech right here.
The procurement process gives rise to various challenges for B2B buyers, and the ways to solve these concerns with the aid of eProcurement was exquisitely explained.
50% of companies already use eProcurement Software and 33% plan to implement it, showing the current market overview. The trends tell us that companies are buying more into e-procurement technology to ease this process.
The use of eProcurement for product purchases will continue to grow, and the steps that can be taken to capitalize on this trend were conveyed during his talk.
Brady also spoke on how distributors can sell within eProcurement, sharing insights on the existing system, online vendor catalogs, and the PunchOut catalog.
Later, Brady talked about how his PunchOut2Go supports thousands of integrations for small businesses to Fortune 100 enterprise corporations in over 45 countries.
From sharing current market outlines to speaking about the possibilities, Brady’s session was filled with adequate knowledge on how eProcurement is a necessity.
Watch his full, informative session below. We also welcome you to be part of a forum which grows, gathers, and shares knowledge together in our DCKAP Community.
We are committed to making IDS a great experience for Industrial Distributors. Sign up to be the first to know about the updates and developments.
By submitting your mail id, you are agreeing to receive communication from IDS & the event organizer. You can opt-out from the mailing list anytime.