Blogs & Articles

Oct 01 2019 Rowena Bonnette

Trends In The World of Procurement

When it comes to getting the job done in the business world, nothing is more important than having the deliverable ready for your client. Regardless of whether you’re providing disaster recovery services, shipping a car part, or selling salad dressing, nothing else matters if the item in question isn’t where it needs to be when it matters most.

 

As the business world has gotten smaller, the pool of vendors has become much larger, making it much easier for businesses to ditch those who don’t move forward and embrace new trends. Here are a few of those trends to keep an eye on!

 

Digital Technologies

One thing that almost all business owners have in common is a desire to offer their services while also saving time and money. After all, if you could offer a cheaper product and either increase your profits or pass savings on to your customers, you’d likely be very interested in doing it. Yet, only about 49 percent of all businesses believe that they have the ability to capitalize on digital technologies and put them to work. 

 

That isn’t going to last for much longer. Expect businesses to invest in newer technologies, such as blockchain. This means that they will need to hire employees who understand these technologies well. If your company doesn’t have these types of employees, working with a company like TraDove can help you embrace these technologies and put them to work for you.

 

Going Beyond Price

Cost is important, but value is much more important to a business than cost. Value includes both time and money – and time is the one asset that can never be created. The majority of businesses understand this and will happily pay a little more in exchange for getting the job done right and on time, every time. With the economy in good shape at the moment, this is likely to only become more prevalent as 2019 continues. The easier you make your clients’ lives, the better off you’ll be.

 

Expect the Unexpected

It’d be wonderful if business were straightforward. Unfortunately, that’s often not the case. Changing exchange rates and government issues, such as tariffs, can foil even the best business plans. The best way to mitigate these issues is to make your own business as transparent as possible so that your clients know that you’re an honest enterprise that follows through on what it says.

 

In a constantly changing business world, it’s important to stay on top of trends, and that means identifying partners who are also at the cutting edge of new processes. Working with innovative partners you trust, such as TraDove, can help you identify areas where your business can make itself even better and connect with valuable potential clients!

About TraDove

TraDove is a business social networking platform that connects B2B buyers and sellers around the world. Employing its own blockchain and AI-driven social networking technologies, TraDove allows its users to shorten the corporate buyer-seller discovery cycle, enjoy enhanced B2B transparency & user trust, and facilitates company-to-company precision advertising.

Learn more at https://www.tradove.com

Rowena Bonnette

Chief Marketing Officer - TraDove, Inc. - Palo Alto - California - United States

I have over 20 of experience in marketing and product management. I worked at reputable B2B and B2C companies, including Oracle, IBM, Thomson Reuters, Stryker, Ooma, among others. At Ooma, I built digital marketing from the ground-up, which helped fuel the company’s meteoric growth and eventual IPO. I hold an MBA in Marketing and a BA in Management.

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