Amid inflation and high costs, small and medium-sized businesses (SMBs) face numerous challenges that strain their limited resources, from delayed customer payments to unexpected expenses. While external factors like late payments can be difficult to manage, SMBs can exert greater control over their own expenses, such as unplanned spend, to improve cash flow.
This requires a more strategic approach to procurement.
The availability of smart business buying tools allows SMBs to forecast demand for supplies more accurately, keep a closer eye on purchasing, and contribute to the long-term growth for their business.