How can I reduce my cost in procurement?

Organisations can only make procurement cost-effective and sustainable by re-engineering processes through automation & digitisation, intelligent offshoring and focusing on core categories and processes. Integrated, SaaS based eProcurement systems like mjPRO digitises the entire procurement chain and enables organisations to tap more suppliers for more competitive bidding thorugh its integrated auction engine. Moreover, mjPRO ensures 360 view of data for aggregation and ensures further savings by reducing ad-hoc buys. Easy, automated and intutive processes reduces turn around time, making procurement more profitable as a function. High value strategic or leverage buys should be bought using the right negotiation methodologies of reverse auctions by enabling competive bidding amongst the right credible suppliers. This does not only reduce cost but also supply risk. mjunction can be your sourcing consultant ensuring the right material at the right price at the right time. mjunction can also be your procurement partner in handling the “low-value high-volume” non-strategic buys. mjunction can be the single supplier to you or your service partner for mangaing all low value buys, wherein customers can only focus on the high value strategic or core buys. This enbales better savings at both ends.