Amazon Business Launches Procurement Tools
Amazon Business releases new tools to track procurement value and streamline spending for companies.
In brief
Amazon Business releases new tools to track procurement value and streamline spending for companies. Amazon Business introduces Value Intelligence and Assistant tools to help procurement teams measure cost savings and operational efficiency beyond price. Originally reported by Pymnts.
Amazon Business Value Intelligence
Amazon Business launches Value Intelligence to quantify cost savings, operational efficiency, and purchase compliance in one view.
“quantifies cost savings, operational efficiency, and purchase compliance in a single, complete view”
Value Intelligence Uses Third-Party Benchmarks
Each figure is calculated using an organization’s Amazon Business data and grounded in independent third-party benchmarks.
“grounded in independent third-party benchmarks, with transparent inputs users can see and adjust”
Procurement Teams Need New Tools
Procurement teams now enforce policies and streamline orders but most reporting tools haven’t kept up with these duties.
“leaving company leaders in the dark about "procurement’s full contribution"”
Shelley Salomon on Value Shift
Shelley Salomon says procurement focuses on value beyond price, not just cost savings.
“Procurement has always been about more than price, but price is what gets reported because it’s the easiest thing to measure”
Amazon Business Assistant Updates
Amazon Business Assistant now tracks orders, speeds approvals, uncovers savings, and analyzes spending.
“new ways to track orders, speed approvals, uncover savings and analyze spending”
Here's the gist
Amazon Business introduces Value Intelligence and Assistant tools to help procurement teams measure cost savings and operational efficiency beyond price.
