Shopery Insights

In the rapidly evolving digital marketplace, the adoption of real-time technology in processes like Request for Quotation (RFQ) is more than just an innovation—it's a necessity. As businesses strive to improve efficiency and responsiveness, real-time technology emerges as a key player in transforming interaction dynamics. This article explores the significant benefits of incorporating real-time technology in RFQ processes and its crucial role in enhancing user experience, thereby fostering platform credibility and trust among providers.

In today's global market, the ability for software to accommodate diverse user needs is crucial. SaaS platforms, serving a broad international audience, must particularly pay attention to local preferences to enhance user experience and ensure data accuracy. One subtle but vital aspect of such localization is the use of number formats that align with users' regional standards.

As a procurement specialist, handling complex tender processes for commodity purchases often comes with significant challenges, especially when it comes to specifying delivery conditions. Imagine you're ready to purchase a specific commodity, but you have multiple potential delivery locations—say, different ports or warehouses. In most procurement systems, you may be forced to choose just one preferred port for the tender, even if you’d prefer to leave the delivery location open to multiple nearby options, each with their own transportation costs.

One of the most impactful tools in the evolution of procurement is the RFQ (Request for Quotation) process. But in the digital age, RFQ is not just about finding the lowest price; it’s about selecting the right supplier based on a multitude of factors like quality, terms, and performance. This article will explore how RFQ processes have evolved in the digital era, their benefits, and why businesses should adopt digital RFQ platforms to stay competitive.

Procurement has evolved into a strategic function that drives efficiency, sustainability, and resilience. The 2023 Deloitte Global Chief Procurement Officer (CPO) Survey shows that procurement leaders are grappling with significant challenges such as operational efficiency, sustainability, and risk management. In this article, we break down these key priorities and explore how digital solutions like Shopery's procurement platform can offer a path forward.

We look at how FMCG Marketplaces will help companies survive and thrive in an era of unprecedented growth.

To sell your products, you need a well-designed marketplace. Discover the 3 main types of FMCG marketplace and what to look for in a marketplace platform.

Securing capital is the lifeblood for your marketplace. While it does require determination and hard work, there is no need for it to be painful. With PwC expecting the industry to grow from its $15 billion estimated overall value to $335 billion by 2025, it is a better time than ever to get investors on board.

Starting a new multi-vendor marketplace venture might seem daunting at first. Creating a business plan, setting out a budget and hiring a team might feel like a mammoth undertaking to begin with. Thankfully, there are plenty of tools and pieces of wisdom out there to make things much easier.

When it comes to growing your marketplace, retaining great sellers is key to increasing both traffic and sales. In fact, a marketplace is nothing without good sellers. They form a central pillar of your marketplace’s content, and they’re fundamental to building trust with buyers too.