Streamlining P-Card purchases with new technologies - Part 4

| 0 Comments

 

download.jpgIn the three previous issues of SmartProcurement, Anita Carolus-Opperman, Nedbank Corporate Card National Sales Manager, introduced and highlighted the new trend in procurement – using online marketplaces and e-catalogues.


Anita covered what an online marketplace is and how it will further streamline the procure-to-pay process, the critical components needed to ensure success from the online marketplace and how to choose a marketplace suited for your company.


In the last instalment of this series on online marketplaces Anita takes a look at the question most clients will ask at this stage: So what is in it for the company?

There are four main benefits your company can realise when implementing an online marketplace:

1 Improved compliance
• Complying with the company procurement policy.
• Ensuring procurement of approved commodities.
• Ensuring procurement only at approved suppliers.
• Enjoying an approved marketplace supplier base.
 

2 Cost savings
• Achieving a cost saving of up to 75% in procure-to-pay processes.
• Eliminating the use of petty cash.
• Accelerating the receipt of goods and services.
• Improving supplier relationships due to faster payment.
 

3 Increased efficiency
• Increasing efficiency in procurement and payment processes.
• Reducing administration.
• Making a single monthly payment to the bank instead of hundreds of individual supplier payments.


4 Increased control
• Enjoying control and complete visibility of purchasing behaviour.
• Eliminating fraudulent use and misuse of company funds.
• Having a third-level data solution for tax-reporting purposes.


“It is important for companies to ensure that they understand how the marketplace works, that they consider all the critical components and that they choose the best-suited marketplace for their company to realise these benefits” says Anita.

Nedbank has more than 15 years of experience in setting up procurement card solutions to meet the most complex needs of clients. For more information on how your company can benefit from a P-Card programme and where online marketplaces will fit into your company please contact Anita at AnitaCarolusO@nedbank.co.za
 

Leave a comment


SmartProcurement Newsletter
X

Please enter your details below to receive the SmartProcurement Newsletter for FREE on a regular basis.

As part of the SmartProcurement Newsletter you will be receiving World Class Procurement News, Tools, Tips, Tactics, Procurement Training updates, Upcoming Events, and the latest Procurement Career Openings.

* Email Address:
* Title:
* First Name:
* Surname:
* Company:
  Position:
* Country:
* Public / Private:

 

Career opportunites

Operations Manager

  • >500 000 Gauteng Operations, Planning & Inventory Permanent Supply Chain
Our client within the FMCG industry with a ...More

Warehouse and Distribution Manager

  • >500 000 Gauteng Logistics & Warehousing Operations, Planning & Inventory Permanent
An exciting opportunity awaits for a Warehouse and ...More

Demand Planner

  • <500 000 Permanent
Get an opportunity to be part of one ...More

Procurement Manager

  • >500 000 Gauteng Permanent Procurement Management Procurement Officer / Specialist
An opportunity for a seasoned Procurement Manager, who ...More

Industrial Engineer

  • >500 000 Gauteng Industrial Engineer Permanent Procurement Consultant
An exciting opportunity that offers extensive exposure on ...More

Deputy Director: Procurement

  • >500 000 Contract Procurement Management Procurement Officer / Specialist Western Cape
Department of Economic Development and Tourism:Procurement Specialist, Ref ...More

DEMAND PLANNING MANAGER

  • >500 000 Gauteng Operations, Planning & Inventory Projects / Category Management
(Total Cost to Company R750k – R900K) excluding ...More

GLOBAL SUPPLIER PERFORMANCE MANAGER

  • >500 000 Gauteng Operations, Planning & Inventory Permanent Projects / Category Management
(Salary: R 1.3M –R1.5M, dependent on level of ...More

GLOBAL CATEGORY MANAGER

  • >500 000 Contract Gauteng Procurement Consultant Projects / Category Management
Total Cost to Company R1mil – R1.2mil excluding ...More

Project Manager

  • >500 000 Contract Procurement Management Projects / Category Management Western Cape
 Description:A well-known retail organization is looking for an ...More

PROCUREMENT ANALYST

  • >500 000 Analyst Gauteng Permanent Procurement Management
Description:A leading infrastructure development group with strong presence ...More

Commodity Manager: Fuels and Lubes

  • Commodities Gauteng Permanent Projects / Category Management
 Ensuring continuity of supply in line with business ...More

Senior Facilities Manager

  • >500 000 Commodities Gauteng Operations, Planning & Inventory Permanent
(Total Cost to Company R800K – R900K) Johannesburg Our ...More

ENGINEERING STANDARDS MANAGER

  • <500 000 >500 000 Gauteng Industrial Engineer Permanent Procurement Management
(Total Cost to Company R350K – R550K) JOHANNESBURGYou ...More

Supply Chain Analyst

  • <500 000 >500 000 Permanent Procurement Officer / Specialist Supply Chain Western Cape
(Total Cost to Company R350K – R550K)  SOUTHERN ...More

Security Manager

  • <500 000 >500 000 Gauteng Permanent Projects / Category Management Strategic Sourcing
(Total Cost to Company R350K – R550K) JOHANNESBURG This ...More

Demand Planner

  • <500 000 >500 000 Operations, Planning & Inventory Permanent Projects / Category Management
(Total Cost to Company R450k – R550k, dependent ...More

Procurement Specialist-Randburg

  • >500 000 Gauteng Permanent Procurement Management Procurement Officer / Specialist
(Total Cost to Company R700k – R800k including ...More

Solutions Architect

  • >500 000 Gauteng Industrial Engineer Permanent Projects / Category Management
(Total Cost to Company R1.3Mil – R1.1Mil including ...More

MANUFACTURING MANAGER - OLIFANTSFONTEIN

  • >500 000 Gauteng Permanent Projects / Category Management
(Total Cost to Company R850k – R950K including ...More