How buyers can reap maximum benefits from e-procurement strategy.

IN MY previous article (When Your Competitors Become Your Best Assets), I talked about e-hubs/e-marketplace which are radically changing the way you treat your competitors. They become an essential part of your e- procurement strategy for you to reap the maximum benefits for your business.

E-hubs/e-marketplaces bring buyers and sellers together to trade. Buyers are able to source for their goods from a big pool of sellers and sellers are able to have access to a big pool of buyers for their goods.

I mentioned the reasons why buyers would want to be part of an e-hub/e- marketplace. Let me summarise some of the most important ones, and highlight additional benefits that may not be obvious.

Buyers get instant access to a big pool of sellers Buyers get more choices of …