In 2014, Deloitte Consulting published a survey: “Global CPO Survey — Procurement time to move through gears”
This survey conclusively found that businesses were to lag behind if all areas of procurement are not addressed with equal importance. It also goes on to specify how procurement is evolving, as a separate entity and becoming a strategic partner for businesses.
The reason behind such inferences is quite clear. For processes that directly impact the bottom line for a business, saving time, resource or money for these translates directly into an overall profit for the company. Considering this, it becomes quite important to have an efficient, streamlined process, for product procurement. Currently, a vast majority of businesses’ operate offline, and it only adds to the challenges of increasing profitability.
Bizongo was started with a singular aim in mind: making business procurement efficient and simpler. This being said, we wanted to develop a hassle-free technology minus the labor of ad hoc offline setup.
But as we set up our platform online and started listing the products, we slowly realized the procurement process in itself is extremely varied, depending on the scale of a business.
The requirements of a smaller business is entirely different from that of a medium or a large scale business. As the business size increases, compliance restrictions, customized product requirements and complex processes are bound to increase.
For example, a smaller business can just process the payment and procure directly without a purchase order. Compare that to a larger business; there will be a set process of creating a purchase orders, negotiating terms and may require different documentations during payment processes adhering to the company’s internal compliance restrictions.
ProcurePlus is a product born from this realisation.
The Almost Human: ProcurePlus
Designed for enterprises, ProcurePlus is a dedicated platform for all business product requirements. It eliminates inefficiencies by centralising the procurement efforts of a company. ProcurePlus shoulders the responsibility of the client’s entire process, from procurement to payment, including delivery to any destination across India.
When a business registers for ProcurePlus, our team does an in-depth research on the product requirements and finds the right suppliers from Bizongo’s large pan-India supplier base.
Bizongo also does contract manufacturing with select medium/large manufacturers. In this unique arrangement, Bizongo helps manufacturers set up or upgrade their plant machinery and infrastructure. This is driven through research done on recent trends of consumption and requirements of the relevant industries. We also take full control of their raw material sourcing, and production planning, to increase the throughput capacity and operational efficiency of these plants. This, in turn, enables us to offer a sustainable and cost effective solution to all our buyers.
After a satisfactory business research, an online catalogue with negotiated prices for all your product requirements is created on ProcurePlus. From here on, the platform lets you procure in just a few clicks. The process below shows how easy it is to place an order, upload/create PO, track shipments, collect invoices and make payments.
Do watch the video below and visit https://bizongo.com/procure-plus to get in touch with us for your ProcurePlus account.
Bizongo is an innovative online B2B marketplace catering to the diverse packaging & material handling industries in India. The product is easy-to-use, interactive & helps customers browse & discover the required product in no time. From addressing customisation issues to building robust logistics solutions, Bizongo aims to build a packaging ecosystem to effectuate business efficiency and brand building.
Ankit Tomar — Co-founder & CTO0