7 Procurement Challenges Every Business Faces (And How iProcure.ai Solves Them)
In today’s fast-paced business world, procurement teams face intense pressure to move faster, reduce costs, and ensure smooth operations. Yet many organizations still rely on outdated processes that create bottlenecks and waste resources. That’s where smart procurement platforms like iProcure.ai come in. Here are 7 common procurement problems – and how iProcure.ai solves them using AI and automation. 1. Manual RFQ Creation Wastes Time Traditional sourcing methods require creating and sending RFQs manually, often through spreadsheets or emails. This is slow and error-prone. ✅ Solution: iProcure.ai automates RFQ creation and distribution to multiple suppliers, helping you source faster and more efficiently. 2. Lack of Supplier Visibility Many businesses don’t have access to the full supplier landscape, leading to missed opportunities and high costs. ✅ Solution: iProcure.ai uses AI to match your requirements with verified local and global vendors, giving you more suppli...