The New Procurement: Source Local to Support Local

Advances in procurement technology make it easier than ever to drive local economic development.

Open the way for your buyers and local suppliers to connect, while maintaining complete visibility.

Innovative procurement technology to engage with local suppliers.
Organisations using VendorPanel have been able to source locally 84% of the time.
All with an audited cost avoidance rate of 9.74%

How can you leverage procurement for local economic development?

Keep the process simple for buyers: VendorPanel makes go to market, evaluation and supplier selection easy, so that buyers get value and provide the transparency you need to reduce risk.
Help buyers find the local suppliers they need: Geo-location makes it easy to find and engage with over 50,000 local suppliers, across a wide range of mainstream and specialist categories.
Use data-driven insights to increase local sourcing: Enterprise-level reporting makes it easy to track and understand local supplier engagement, and to generate reports and dashboards.

All of this means that local suppliers get more opportunities and an easier way to engage with you; buyers get tools to simplify supplier discovery and RFQs; and procurement professionals get greater transparency and the probity they need.

BuyRegional is a VendorPanel initiative that applies the enabling technology of VendorPanel Marketplace to networks with the experience, knowledge and capability to drive local economic development. It's a way to share our experience and to help organisations leverage procurement to deliver positive social and economic impact. Watch the video for more:

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Gives local suppliers an easy and consistent way to hear about contract opportunities.