More on General Procurement

The platform provided by Procurex enables companies to obtain the best possible value for the best possible price. Those in search of large amounts of a specific good or service will be adequately equipped with tools that will maximize strategic sourcing efforts. This platform has proved to be extremely successful in the market for energy, as seen in the blog post written by Matt. However, many businesses partner up with Procurex for the services provided in general procurement. In other words, I’m talking about the tangible commodities that are central to the functionality of a business. Desks, seats, tables, computer accessories, and paper, for instance, all fall under this category. These are the assets that must be given careful consideration prior to purchasing, especially when buying in bulk. As a business, don’t you think that overpaying for, say, computer monitors reflects poorly financially on the business? Rather, shouldn’t time and effort be allocated to the business’s overarching goal or mission, as opposed to miniscule commodities that are essential to the goal? Even though this doesn’t seem like a big deal, those little expenses can accumulate. This in turn may restrict a company’s budget, and that is unacceptable in these current economic times. Among other things, Procurex provides closure to the uncertainty attached with many business transactions; large or small. Here are a couple examples of how the services provided by Procurex can work in general procurement.

Several institutions have recognized the advantages of Procurex’s general procurement platform. For instance, one Big Ten school procured wireless microphones and other computer related accessories for their computer lab using Procurex’s reverse auction technology. In this auction, there were a total of 190 bids between the suppliers, and the price was lowered by approximately 30%. Another large university saved almost 40% on their purchases of ink and toner for their printers. Again, a reverse auction was used, and it took 153 bids to decide the winner.

There are numerous examples that show similar savings to the ones discussed above. In my opinion, the most valuable thing that Procurex provides for our clients is one thing; closure. Today’s economic situation forces businesses to think and rethink every business move. Are we paying too much? Are there alternative options? Did we get the best possible value for the amount of money we paid? These are all questions that must be asked in any business. Procurex puts those questions to bed. Our business model is intended to put them to bed; it’s our job. If you’re a business that wants to be sure you’re receiving the maximum return on investment, then you should look further into what we do and how we do it here at Procurex.