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Globalization and digital technologies provide tremendous opportunities for companies operating in business (B2B) markets. There are many strategies companies are employing to try to automate the demands of business communication to make it more efficient, reliable and profitable. Business is about the profitable delivery of value to a customer. This means that, everyone in the organization should be focused on delivering this value.
Managing the procurement cycle between buyers and suppliers is a time intensive task as request for quotes are emailed to prospective suppliers and responded back through the same unmanaged email system. Using emails was a considerable improvement to creating and responding to rfq's through fax, but it still does not eliminate much of the manual effort required by the parties involved. This white paper discusses the benifits of using an online procurement system to help manage the buyer/supplier relationship efficiently.
There are four primary ways to improve the relationship between buyers and sellers
1. Simplified document sharing
2. Distribution of Request for Quotes (RFQ’s) and the ability to process RFQ’s efficiently
3. Distribution of purchase orders to suppliers in a centralized manner
4. Receipt of purchase orders in a consolidated manner.
To view the free white paper click on the link
http://demos.mie-
To register for mie exchange see http://www.mie-
To see our solutions see http://www.mie-
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