Staff shortages across many sectors, from hospitality, to care and retail are at an all-time high and as a country we are potentially facing one of the biggest challenges to date, in terms of business survival and impact to the economy. From front of house staff to sales assistants on shop floors, chefs, kitchen staff, suppliers and even delivery drivers, the knock-on effect of Brexit combined with the challenges of the pandemic have made business survival all the more critical and all the more difficult.Read more...
One thing that is certain though, is the need for businesses to reduce day to day costs significantly to stay afloat in the short to medium term. That means unlocking hidden costs, identifying areas of overspend and streamlining resources and processes to reduce admin and ensure operational efficiency and growth. All of these aspects are worthy areas of focus, and all are time consuming to properly grasp. Price has become a major deciding factor on the sourcing and purchasing of services and supplies, yet on the flipside, quality, sustainability, and ethically sourced products remain high on the list of consumer priorities (particularly in the case of Gen Z). While it could save you money to shop around for the best prices and negotiate discounts, it is by no means a time-efficient task.
Of course, there is nothing quite like a pandemic to businesses further towards innovation – and quickly. Many organisations have faced some difficult decisions over the last few months and budgets remain under immense pressure despite the need to remain relevant, on-trend and competitive. This is where fit for purpose e-procurement technology, as opposed to old-school purchase order systems, really does come into its own. Right now, we are helping a number of our customers to see the wood for the trees when it comes to saving time and reducing costs.
Many of our customers have been saving money by using our technology to improve how they control and manage costs as well as overspend by mirroring their budgets and using their existing finance system to stay on top of budgeting. Our technology even allows you to fix specific authorised spending levels down to user, group or department and across all of your trading outlets. By digitising your procurement systems and processes you will also improve efficiency and reduce the admin paper chain at the same time.
July 30th, 2021