Here are some of the most frequently asked questions we get about the products we offer. If you have any questions that have not been answered here, please don’t hesitate to get in contact with our friendly team by emailing [email protected].
Our Frequently Asked Questions
What is procurement?
Procurement refers to the purchasing of goods and services. At ProcMarket, we have 26 industries with 157,000 categories and subcategories for clients to choose goods and services from. To find out more about the industries we service, click here.
What are the benefits of procurement?
There are many benefits of procurement such as extra support when augmenting your procurement capability, although there are certain aspects which distinguish us from everybody else. At ProcMarket, we provide cost effective solutions, we have category specific expertise from all around the world, we have a user-friendly central B2B platform, and we offer time efficient procurement solutions.
What is a procurement consultant?
A procurement consultant or a procurement professional is someone who has specialised expertise in specific industries or categories within procurement. For example, procurement consultants may have specialised expertise in retail procurement. At ProcMarket, we have many professionals who are registered in our Procurement Marketplace that are interviewed and matched with industries depending on their expertise, experience and skill levels.
What is a procurement strategy?
A procurement strategy is a personalised strategy that documents how to run procurement for your goods or services. It would include an analysis of strengths and weaknesses in terms of your purchasing power and a competitive market analysis. The strategy will come in a range of sizes and skill levels that are customisable to specific wants and needs of the contract.
What is the procurement process?
At ProcMaket, we have an in-depth 5-step procurement process.To find out more about this process, click here. The way our procurement process works is that a client selects an industry and category from our Interactive Categorisation Engine which has 157,000 options to choose from. From here, once the purchase is finalised the client will be transferred to the Collaboration Zone, where we source a procurement expert to work with them. Procurement professionals and our ProcMarket administration team will go through an interview and matching process to ensure an professional with the correct specialises and experiences will be chosen to enter the Collaboration zone with the client to deliver the products.
What is end-to-end procurement?
End-to-end procurement is a process which delivers a solution from the beginning of the process right through to the end of the process. To find out more about our procurement process, click here.
What are the differences in product skill levels?
At ProcMarket we offer 3 skill levels for each product we provide. The levels are beginner, advanced and expert. A procurement professional igrading into one of these 3 skill levels depending on their years of experience, education and experience. A procurement professional who is classed as a beginner will have less than 5 years experience, an advanced procurement professional will have 5-20 years experience whilst an expert procurement professional will have over 20 years experience.
Are products the customisable?
Our range of products are able to be customised for your needs in regards to range of sizes and choice of skill level. We offer 3 skill levels (beginner, advanced and expert) as well as a range of 7 sizes which range from under $500K through to over $2M.
What is strategic procurement?
Strategic procurement refers to the purchasing of goods and services. At ProcMarket, we offer goods and services within 26 industries, which are then broken down into 157,000 categories and subcategories which allows for a wide range of choice.
Our range of procurement goods and services fit into industries ranging from healthcare, business, construction, food, beverage, agriculture and more. Strategic procurement ensures your process is held under one platform, allowing you to augment your capabilities and creating a seamless procurement process in the meantime.
To find out more about the industries and categories we offer procurement goods and services from reach out to our friendly team at ProcMarket today!
How can a procurement consultant assist with my industry based procurement needs?
At ProcMarket, our team of procurement consultants have extensive training in each industry. Once you have selected your goods or services from the Interactive Categorisation Engine and finalised your purchase, you will be taken through to the Collaboration Zone where you will be partnered with a procurement consultant who has the necessary experience in both your selected industry, category and sub category.
ProcMarket has implemented a strict process for procurement consultants which requires an interview and verification process with our administration team to ensure the experience is suitable for our range of industries and categories.
What is the strategic sourcing process for procurement needs?
Our team of procurement professionals are trained in our strategic sourcing process. Our team is experienced in every industry and category we offer for procurement goods and services.
The strategic sourcing process involves procurement professionals sourcing specific goods and services, through to delivering the goods and services to clients.
What is your procurement process?
At ProcMarket we have a 5 step procurement process. The first step of the procurement process includes the client entering the Interactive Categorisation Engine to search from the 26 industries and 157,000 categories to choose a range of procurement goods and services from.
The second step of the procurement process begins once the client has finalised their purchase, to then be transferred through to the Collaboration Zone where the strategic sourcing process will begin.
The third step of the procurement process involves procurement professionals being registered in the Procurement Marketplace. Once they are registered, they will need to select their areas of expertise.
This information will then be verified by our administration team and an interview process will need to pass and be verified by the team before a procurement professional will be allowed to begin.
The final step of the procurement process involves the chosen procurement professional with the closest amount of experience will be taken through to the Collaboration Zone to meet the client and will assist in delivering the chosen goods and services.
What is end-to-end procurement consulting?
End-to-end procurement consulting refers to the entire procurement process including the beginning stages of finding a solution right through to the end stages of delivering procurement goods and services.
End-to-end procurement consulting provides a seamless procurement process through assistance by procurement professionals who have a range of experience in each procurement industry. An extensive end-to-end procurement consulting process allows for a strong relationship to be built between clients and professionals, with the added opportunity to outsource any procurement needs.
Do you have a business procurement consultant?
Yes we do! Once you select your product, size and skill level you will be taken through to select an industry, which is where you can select the business industry. From there, you can select any relevant categories or subcategories. A business procurement consultant who has ideal education and experience for your needs will be allocated to you.
Do you offer a bundle of products?
Our source to contract is our product that offers everything. Within the source to contract you will receive procurement strategy development, risk assessment, scope of work, evaluation criteria, RFX document development, evaluation planning and facilitation of the evaluation process and recommendation.
Do procurement professionals have experience in each industry?
We have procurement professionals who have experience in each of our 26 industries. Once the client has selected their industry then their relevant subcategories, a procurement professional who has the closest area of expertise within the specific subcategories will be allocated.
Can you assist with the strategic sourcing process?
Yes we can! We are a cost-effective solution if you are looking to augment your procurement needs and gain some support. Get in contact with our friendly team today to see how we can assist you with your procurement needs.
What is the procurement marketplace?
Our procurement marketplace is a platform for procurement professionals with worldwide category expertise to collaborate. By outsourcing your procurement capabilities we can offer time efficient procurement solutions. Our friendly team can assist you with any further questions you may have about procurement marketplace.
How do I know I will receive assistance from the best expert for me?
We have filtered through all of our procurement professionals to ensure we have worldwide category expertise for each industry, categories and subcategories. We have an interviewer who ensures each professional is experienced and qualified in each category and the procurement professional will be verified from here. The procurement professional will be verified based on their skills, education and experience.
What platforms do you use for your procurement advisory?
We have 3 user-friendly platforms we use which are the interactive categorisation engine, the collaborative zone and our procurement marketplace. Clients will be able to filter their way through the interactive categorisation engine, and will be taken through to the collaboration zone and procurement marketplace platforms when they are matched with a procurement consultant.
What are the benefits of augmenting my procurement needs?
There are many benefits of augmenting your procurement needs! At ProcMarket, we offer a quick turnaround for project-based procurement at a cost effective price. We offer global resources and experience procurement consultants. Our friendly team at ProcMarket can assist you in reaching your procurement needs.
What procurement services do you offer?
At ProcMarket, we offer a wide range of procurement services such as procurement strategy, scope of work, request for x document, source to contract, risk assessment and treatment plan, spend analytics, evaluation facilitation and report and evaluation criteria and response schedules.
Our range of procurement services and products are available in a range of sizes which range from under $500K to over $2M. Products are customisable based on skill level, with options ranging from beginner, advanced and expert. Beginner skill levels refer to up to 5 years of experience, advanced ranges from 5-20 years of experience and expert skill level refers to over 20 years of experience.
What is strategic purchasing?
Strategic purchasing is the final step in finalising a purchase relating to procurement goods and services. At ProcMarket, we offer a range of goods and services within our range of 26 industries and 157,000 categories to ensure clients have the widest choice of procurement goods and services.
What are the benefits of utilising procurement advisory services?
There are several benefits engaging with ProcMarket to utilise procurement advisory services such as access to cost-effective solutions to all of your procurement needs, the ability to outsource your tactical procurement and be more strategic in the process, have access to time efficient procurement services which will allow you to augment your procurement abilities, access to expertise in all procurement industries from around the world thanks to our team of procurement professionals, and the ability to utilise a user-friendly B2B platform which makes the procurement decision-making process easy and seamless with added imagery to assist with the process!
Why should I hire a procurement and supply chain consultancy?
Hiring a procurement and supply chain consultancy will have a number of benefits on your procurement outcomes such as receiving assistance with affiliating corporate objectives, utilising business process outsourcing, receiving and understanding a formal assessment, improving your overall objectives and performance at the same time as cutting down your overall operational costs.
As ProcMarket is a top procurement consulting firm, we are here to assist our clients with all of their procurement and outsourcing needs while reaching their business goals! Reach out to our friendly team at ProcMarket to find out more and get started today!
Do you offer procurement consultants for each industry?
Yes, at ProcMarket we have a range of procurement consultants who have world-class experience and skills in each of our 26 industries ranging from a business procurement consultant, healthcare procurement consultant, construction procurement consultant right through to government procurement consultant.
Reach out to our experienced team at ProcMarket today to find out more about our industry professionals and how our procurement services can be of assistance to you!