B2B Marketplaces


MarketplacesB2B Marketplaces are accelerating procurement activities for many areas of spend.  By embedding these online buying platforms, procurement teams are able to remove hidden procurement waste that has historically been too costly and resource-intensive to closely manage.  

CIPS, in partnership with Maistro - global B2B Marketplace for Business Services - brings CIPS members an exclusive knowledge section on B2B Marketplaces.  This section features white papers, case studies, infographics and videos that provide insight into the emerging world of online B2B Marketplaces and how they can transform procurement functions into high-performing teams 


CIPS, in partnership with Maistro - global B2B Marketplace for Business Services - brings CIPS members an exclusive knowledge area on B2B Marketplaces.  This area features white papers, case studies, infographics and videos that provide insight into the emerging world of online B2B Marketplaces and how they can transform procurement functions into high-performing teams.        

Procurement Insights

Procurement Insights

How Digital B2B Marketplaces are the Future of Procurement 

Gartner recently reported that B2B Marketplaces are one of the three drivers instigating change in procurement.   As this arena evolves, an increasing number of players will enter the market. Many of them will continue to be just a matching service, introducing supplier to agency, then walking away leaving procurement to sort the rest. Then there are those B2B Marketplaces that connect buyer to supplier, and also offer supporting managed services around that relationship to help in-house procurement teams optimise their services spend.

Hear from Laurence Cook, CEO, Maistro plc on how the landscape of B2B Marketplaces is changing in the March issue of Supply Chain Digital.

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 Maistro

Is Your Business Prepared to Fight Fraud in the Digital Age

Online fraud.  We’re warned about it daily in our consumer lives and we are encouraged to follow corporate buying processes to mitigate risk when buying on behalf of our companies. It feels like it is old news, yet, as the world of corporate buying expands into an increasingly digital space, fraud attempts are on the rise and continue to get through. 

As we extend procurement responsibilities outside of our core, professionally-trained buying teams, it’s worth reminding corporate buyers of the well-established tricks of the trade taking place these days.  Highlighting some of the basics in fraud prevention can help corporate buyers ensure that simple mistakes aren’t made.

Have a look at some of the current attempts to commit online fraud in the Digital Age and easy ways to overcome them from Laurence Cook, CEO, Maistro plc.

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 Maistro

AI-powered procurement can optimise the way corporate buyers source services

With corporate buyers investing up to 20% of their time in the manual process of sourcing, vetting, shortlisting and selecting new service providers, the emergence of ready-to-use procurement technology could not be more timely.  

Accelerated procurement processes are increasingly being tested by procurement professionals, particularly in the area of services procurement.   See the latest discussion in Supply Chain Digital where Mark O’Shea explores AI and optimised services spend.

Download now

 Maistro

Are your views on emerging technologies the same as your CFO's?     

We asked procurement professionals around the world for your views on emerging technologies and how you're using them to drive value and efficiencies. We already know what CFOs think and this is set out in The Procurement Predicament white paper. This new survey means we can produce a report that compares the two views and which you can use to inform your approach to influencing the business in this area.

Look out for the whitepaper which will be available to download at the end of March.

 Maistro

The European Perspective on Procurement 2018: A Country Comparison

A compilation of industry statistics highlighting the changing trends of technology in procurement. 

Download the Infographic 

Technology in Procurement

A compilation of industry statistics highlighting the changing trends of technology in procurement. 

Download the Infographic 

Identifying & Overcoming Procurement Waste | Whitepaper

This paper was created to quantify the extensive cost of procurement waste, particularly in indirect spend and the purchasing of business services. Real-world data, case studies, and third-party research have been used to quantify the existing wasteful spending and inefficiencies in the current procurement processes. Included in the report are industry calculators, best practices, and valuable recommendations for today’s leading enterprises to incorporate into their current procurement functions to realise immediate benefits without sacrificing services delivery or quality.

Download the whitepaper 

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 Maistro

The Procurement Predicament | Whitepaper

This paper was commissioned to develop a better understanding of the challenges facing chief financial officers and financial decision makers in businesses across Europe. Finance leaders across the UK, Switzerland, France, Germany, Netherlands and the Nordics have been included in the research. Supporting content has been gathered from CFOs, procurement experts and consultants throughout the procurement industry. Included in the report are statistics, considerations and valuable recommendations for today’s business leaders, CFOs, financial leaders, and rising procurement players as they aim to address the procurement predicament facing organisations during these turbulent times of global uncertainty.

Download the whitepaper 

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 Maistro

How will you use Augmented Procurement to buy business services? | Article

CTO, Mark O’Shea discusses leading trends in augmented procurement. 

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 Maistro

What is the Biggest Indirect Spend Management Challenge? | Blog 

When you control indirect spend more effectively, you immediately create more opportunities for savings.

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 Maistro

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    Member Trial

    Member Trial

    “Procurement and supply chain managers are under more pressure than ever before to operate in and source from a global marketplace. As the business environment becomes more complex and with Brexit on the horizon, our members need and want more information on how to overcome the complex challenges that come with navigating these new, uncharted waters.”
    Helen Alder, Head of Knowledge and Product Development, CIPS

     

    B2B Marketplaces provide access to thousands of carefully vetted suppliers worldwide, taking some of the risk out of sourcing internationally and opening up opportunities for innovation and cost saving. Maistro B2B Marketplace, our CIPS Knowledge Partner, has offered a free trial for CIPS members.

     

    Request a free trial

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    Choose your business case study

     

    Maistro Under the Microscope

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      Case Studies

      Case Studies

      Leading multi-nationals rely on Maistro to source, manage and deliver business services that accelerate their growth and innovation.

       

      Newcastle-under-Lyme Borough Council generate a 300% increase through the solutions sourced and delivered through the Marketplace | UK

      		 Maistro

      De’Longhi regularly uses the Marketplace to access supplier innovation | Europe & Asia

      		 Maistro

      Canadian Cancer Society returns to the Marketplace for immediate support to drive social change | Canada

      		 Maistro

      Sixt saves 15% on their gross budget by using the Marketplace | Germany

      		 Maistro

      This Swedish-based company fast-tracks sourcing through Maistro's express shortlisting services | Sweden

      		 Maistro

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        What is a B2B Marketplace?

        What is a B2B Marketplace?

        In the last decade, Marketplaces to buy goods have been widely adopted in the B2B space, whereas B2B Marketplaces to procure business services are fairly new to procurement and growing at an exponential rate as AI and automation flood the market. 
        As an increasing number of companies embed digital strategies from the top down, B2B Marketplaces are becoming a familiar component within the procurement toolkit.  
        In fact, in research European research with over 500 CFOs, B2B Marketplaces were rated as one of several technologies on the rise to address short-term business objectives while also creating sustainable change in corporate buying.

        Online B2B Marketplaces are part of a growing global trend to modernise the corporate buying process. 


        In the last decade, Marketplaces to buy goods have been widely adopted in the B2B space, whereas B2B Marketplaces to procure business

        services are fairly new to procurement and growing at an exponential rate as AI and automation flood the market. 


        As an increasing number of companies embed digital strategies from the top down, B2B Marketplaces are becoming a familiar component

        within the procurement toolkit.  

         


         

        Business of the future

         

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          About Maistro

          About Maistro

          Accelerated procurement designed to make corporate buying of business services fast, agile and cost effective

          Maistro is an award-winning, online B2B Marketplace and AI-powered delivery platform designed to accelerate the corporate buying process and optimise services spend. Leading global enterprises use Maistro’s Marketplace to source and deliver business critical projects across marketing, technology, HR, consulting and other indirect spend categories.  

          Procurement professionals driving the transformation of procurement within their companies are seeing the short-term benefits of marketplace buying, and securing savings of 10-30% on project budgets within their emerging and established markets.     
          As a recognised voice in the procurement transformation discussion, Maistro regularly contributes to key publications including Supply Management, The Times, Outsourcing, Financial Times and Spend Matters around the adoption of procurement technology, market readiness, augmented procurement and the future of sourcing.   

          Headquartered in the UK, Maistro is a public company listed on the London Stock Exchange’s AIM market (MAIS).

          See how it works

           

          What our customers say about Maistro


          ACCESS TO INNOVATION

          “The Marketplace has opened up a completely new world of possibilities in terms of accessing fresh ideas and innovation within my

          supply chain. For me, it is indispensable.”

           

          QUANTIFIABLE COST SAVINGS

          “Business units report that they have already managed to reduce their project budgets by 20-30% by simply adopting Maistro’s

          process to purchase business services.”

           

          AGILITY & STAKEHOLDER SATISFACTION

          “The Marketplace is designed to be agile, so it suits the various needs of our internal stakeholders very well. Some use the Marketplace

          for speed on fast-turnaround projects, whereas stakeholders in other regions use it for cost-savings to hit key metrics.  

          Among those who have tried Maistro, we have had a 100 percent satisfaction rating. That’s unheard of in an organisation like ours.”

           

          UNIQUE PROCESS EFFICIENCY

          “Historically, we’ve used tendering sites.  For our managers, this means that they draft a tender, send it to the tendering site and hope

          it sticks. Things are completely different with Maistro’s solution. Maistro is more proactive: there is more drive and more of a partnership

          to help source Service Providers and deliver our projects...The team at Maistro held my hand throughout the brief development, shortlisting,

          selection, and project delivery stages - allowing me to get back to the job I was hired to do.”

           

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          Maistro United Kingdom

          United Kingdom

          		  

          Maistro Japan

          Japan

          		  

          Maistro Indonesia

          Indonesia