The Evolution of Procurement

October 14, 2013

Article published in the September/October 2013 Vineyard and Winery Management Magazine

 

By Matt Cromar, COO of VinAsset

 

For the last 15 years, large corporations have been using a variety of electronic procurement tools to help get their spending under control. For the most part, these corporate eProcurement initiatives have involved large software purchases, lengthy implementation processes, and questionable return.

 

A new breed of applications running in the cloud offers an effective option for all companies, including wineries and their suppliers, to take advantage of some of the key benefits these systems offer.

 

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VinAsset is a Hybrid Group Purchasing Organization (GPO) in the beverage industry created to connect our members to the right suppliers.  We help members and suppliers manage overall spend by reducing purchasing risk, conserving cash and improving productivity, all within our Vertically Integrated Network. Our world-class cloud-based technology platform enables higher connectivity, visibility, compliance and profitability, simplifying procurement along the way.

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