Applegate Blog

Jack Richards discusses the benefits of sourcing the products and services your business needs by using our free eProcurement tool, Applegate PRO.

Colin Farrow discusses the new Applegate PRO Enterprise eProcurement system and how it can make sourcing for your business needs that little bit easier.

Colin discusses the free-to-use eProcurement system, Applegate PRO, enabling buyers to find suppliers and source the products and services they require quickly and efficiently.

At a time when 7 in 10 SMEs are struggling to cope with the impact of rising costs - and maverick spend is cited as the number one issue for 71% of businesses looking to control budgets. New research suggests the UK’s SME community can save millions from their cost base by shopping around on the everyday items they need to run a business.

Internet-based business platform Applegate has launched a new website in the culmination of £2 million of investment in new technology. The new site provides a vastly improved search facility for businesses seeking out goods or services from Applegate’s huge database of millions of products. It’s backed by new processing power, internal systems and hardware – every bit of technology at Applegate has now been replaced within the last year.

The online buying tool, launched in March, streamlines the request for quotation (RFQ) and purchase order processes that can take businesses hours or even days, into a quick and easy function, taking minutes. Each RFQ raised in Q1 had an average value of £19,272,69, equating to over £8 million.

Since the result of the EU referendum, the eProcurement system, Applegate PRO, has experienced a 20% increase in overseas tender requests.

The weakening of the pound is believed to be a contributing factor to this growth, making British products and services cheaper overseas and, as a result, providing British manufacturing with an opportunity to compete in foreign markets.