Spend Matters welcomes this guest post from Vroozi.
Mobile procurement provides many advantages over more old-fashioned, rigid ways of conducting business supplier transactions. Among the many advantages of mobile procurement is the ability to quickly and efficiently procure the newest items. When you own a local fresh food market, this is more than half the battle.
Across most (if not all) industries, there exists the clash between the larger companies and the smaller ones. The battle for supremacy in the fresh foods market space is no exception.
Paul was a fresh foods enthusiast that saw very little happening in his area to cater to any of the people that shared this same passion. Sure, there were the chain grocers, but they weren’t specialists in the fresh foods space the way that Paul knew there had to be more of a market for. He decided to do something about it.
Paul may not have had much experience in the way of owning his own business, but he had plenty of experience in helping to ensure that a business grows and runs smoothly. For years, Paul worked in business development and buying consultancy roles. Now, he was ready to put his own money where his mouth was.
With the simple premise of meeting the demand for a niche market that he cared about very passionately for himself, Paul moved to open his own fresh food marketplace. Having enterprise procurement experience in his back pocket, Paul secured several contracts with quality vendors and local suppliers, the second of which he saw as very important to meeting his goal to buy locally, reduce shipping and sell only the freshest foods.
All of this afforded Paul a nice way to get his venture up and running, but it hardly ensured that he’d be able to turn any profit or compete with big time grocery stores. To take that step, Paul employed his first assistant: mobile procurement.
One of the problems with buying and selling as fresh as Paul strived for was his balance of inventory. Unlike the consistent flow of deliveries into grocery stores, Paul needed to be more frugal about only purchasing the goods he expected to sell – while still fresh. Using mobile procurement, Paul had the ability to place orders at his fingertips.
Paul utilized his mobile procurement platform to closely monitor his inventory to help determine the demand for different food items. This way, he could order in small quantities but be on top of things enough to not run out and lose business. He was also seeing few items routinely go to waste.
As a way to combat the larger grocers, Paul understood how imperative it was to tailor his food orders around his customer demand. With mobile procurement, he was even able to tailor orders around his customer requests.
Paul let it be known that his vision was to meet the market demand for the freshest foods. In the spirit of his vision, he let his customers literally set that demand by placing orders ahead of time, which Paul had filled right from his smartphone and mobile procurement platform.
Now, everything Paul imagined is coming to fruition: his fresh foods vision is successfully meeting the demands of his niche market, while mobile procurement is helping Paul to successfully turn a profit in his small business venture.