LETSBUYIT.NET is a Swiss-based e-procurement startup specializing in providing Source-to-Pay (S2P) services to businesses of all sizes, ranging from small and medium-sized enterprises (SMBs) to multinational corporations. Headquartered in Switzerland, LETSBUYIT.NET is at the forefront of revolutionizing procurement processes through its innovative e-procurement network.
History
LETSBUYIT.NET was founded in 2020 with the vision of simplifying and optimizing procurement operations for businesses worldwide. Recognizing the challenges faced by organizations in managing their procurement processes efficiently, the founders set out to develop a comprehensive solution that would streamline the Source-to-Pay lifecycle.
LETSBUYIT.NET offers a wide range of S2P services tailored to meet the diverse needs of its clients. These services include sourcing, supplier management, contract management, purchasing, and payment processing. By leveraging advanced technology and industry expertise, LETSBUYIT.NET empowers businesses to enhance efficiency, reduce costs, and drive sustainable growth through their procurement operations.
Client
LETSBUYIT.NET
TIMEFRAME
10/2018 – 04/2021
covered region
Worldwide, with focus on DACH region
Challenge & Solution
Procurement Community Service
The Procurement Community Service, offered by LETSBUYIT.NET, is a collaborative platform designed to empower businesses to achieve better terms and conditions through collective volume leveraging in procurement activities. This innovative service aims to address the challenges faced by individual organizations in negotiating favorable terms with suppliers by harnessing the collective purchasing power of a community network.
Overview
The Procurement Community Service facilitates collaboration among businesses of all sizes and industries, allowing them to pool their procurement volumes and negotiate more advantageous terms and conditions with suppliers. By joining forces, members benefit from increased leverage in negotiations, enabling them to secure preferential pricing, discounts, and contractual terms that may not be accessible to individual organizations.
Features
- Community Collaboration: Members of the Procurement Community Service collaborate within a unified network, leveraging collective volume to drive better procurement outcomes.
- Expert Negotiation: A team of procurement specialists representing the community negotiates with suppliers on behalf of members, ensuring that agreements are tailored to optimize cost savings and mitigate risks.
- Continuous Improvement: The service is committed to continuous improvement, monitoring market trends, supplier performance, and member feedback to identify opportunities for enhancing value and efficiency.
- Membership Benefits: Members gain access to exclusive cost savings, enhanced terms and conditions, industry insights, and streamlined procurement processes through participation in the community.
Benefits
- Cost Savings: By leveraging collective volume, members can unlock significant cost savings through negotiated discounts and preferential pricing.
- Enhanced Terms and Conditions: Access to better contractual terms, payment terms, and service level agreements mitigates risks and optimizes procurement outcomes.
- Industry Insights: The community platform facilitates knowledge sharing and best practice exchange among members, fostering a collaborative environment for continuous improvement.
- Increased Efficiency: Streamlined procurement processes and access to pre-vetted suppliers save time and resources for member organizations.
Result Driven
Result-Driven Advisory Project Delivers Success for LETSBUYIT.NET
We are thrilled to announce the successful conclusion of our result-driven advisory project with LETSBUYIT.NET, a pioneering leader in e-procurement solutions.
Key Achievements:
- Enhanced Procurement Strategies: Working closely with LETSBUYIT.NET to develop and implement tailored procurement strategies aligned with their business objectives, resulting in improved efficiency and cost savings.
- Streamlined Operations: By leveraging best practices and innovative solutions, LETSBUYIT.NET’s operations have been established, enhancing their competitive edge in the e-procurement landscape.
- Client Success: The collaborative efforts have directly contributed to LETSBUYIT.NET’s ability to deliver exceptional value to their clients, empowering businesses of all sizes to achieve procurement excellence and sustainable growth.
