Wax News Archive
eProcurement spearheads market assault by etailers
There are successes against the backdrop of the doom and gloom in the world's financial markets - online retailers in the UK are continuing to grow their businesses and remaining leaner than the high street in terms of purchasing and associated costs.
"We are getting a lot of attention at the minute from organisations keen to use eProcurement to drive down costs and help protect margins in difficult trading conditions where they can't rely on sales growth for their profits.
It is a very effective rearguard action for businesses under fire, typically generating savings of up to 10% on influenceable spend.
However, where online retailers are concerned, we're witnessing that trend being turned upside down," said Daniel Ball, Wax Digital.
"Etailers are using eProcurement to aid massive growth - enabling them to manage millions of product lines and tread the line between having sufficient stock to meet demand without over-stocking and so hurting margins by having to discount excess inventory.
"Our on-demand eProcurement systems integrate tightly with the etailers' e-commerce sites and warehouse management systems, so we can closely track current demand and stock levels.
Every day they provide each buyer with a tailored 'buy sheet' that forecasts demand in their product category, taking into account factors such as seasonality, sales history, and lead times. Individual buyers can therefore control purchasing across a large product portfolio, allowing for rapid growth without the need to scale up the buying team."
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Etailers are using eProcurement to aid massive growth
- enabling them to manage millions of product lines
 Wax Digital
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We're obviously very pleased to be able to help some of the world's leading companies deal with the pressures of the downturn by streamlining processes and cutting costs, but it's a treat to be able to help businesses use the same toolset to really power their expansion too," said Daniel Ball.
Wax Digital's on-demand eProcurement covers the complete source-to-pay cycle from tenders and auctions, building requisitions and getting them approved, through budget management and placing orders on suppliers, goods receipting and invoice matching.
Wax Digital's online retail customers include ebuyer.com and play.com.
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