Top 5 ways procurement services can give you a competitive advantage

Posted by way2progress on September 25th, 2016

Rule number ONE of business is to limit your risk to survive. Rule number TWO of business is to have a competitive advantage to thrive.

In our fast-paced society, what used to be a competitive advantage in the past, is now a basic requirement just to stay in business. Take the internet for example. Not many businesses had websites, or even engaged on social networking 10 years ago. But the case is different today…

Today, if you have no internet presence, you can say goodbye to your business.

This also applies to business to business platforms online. Also known as b2b websites, those platforms are match-making havens for businesses.

So as you see, it’s best if you get started at using them.

The 5 advantages of procurement services.

Advantage number ONE is competition research. Considering that either today or at some point in the future, everyone’s going to use those platforms, then you might as well use them to collect information about your competitors.

This may include things like location, popularity, foreign and domestic activities, etc. Such factors help you make decisions relating to expansions, opening new branches, and tweaking your products for a competitive advantage…

If you know your enemy, you’ve won half the battle, and b2b websites can act as your spy for that.

Advantage number TWO is contact information. Generating new business leads, whether those be suppliers or clients, is easier than ever today. Any business posting about themselves online are going to give out as much information as possible. After all, they’re also looking out for new business leads…

And this means that you can shift through suppliers and clients much faster than you would with a phonebook on a desk and a landline in hand. This takes us to the third advantage…

Advantage number THREE is eliminating the weed with ease. Not all suppliers are top-notch. You might run into a few lazy, excuse making rip-offs, who either try to oversell to you, or deliver off-time. Through procurement services, you can create a back-up stack of potential suppliers to contact, if one bails out.

Advantage number FOUR is exposure. Not only are you out there looking for business, but business is also out there looking for you. You don’t need to do everything on your own. You can simply post the information about your business online, sit back, and wait for the offers to roll-in.

And advantage FIVE is saved effort. You get to rest for once. If you’re a business owner, especially a small business owner, you’ve probably overworked yourself to the point where you started to have nightmares about your business. When you do fall asleep, you want a good night sleep. You’re sure to get that with a b2b website.

There’s no time to waste.

You’ve got to start now. The previous advantages I mentioned are just prototypes to the amazing potential business to business platforms have.

You’re still going to need to create plans, strategies, and test for effectiveness. So it’s better if you start now!

About The Author

Way2Progress is one of the best global B2B marketplaces connecting buyers with suppliers and promoting your business globally. Offer online registration to go through internet market.