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Reducing friction in procurement

INNOVO Network is a free, frictionless, global B2B marketplace for all goods and services and for all organisations.

  • B2B friction costs for suppliers are c. 20% to 35% of the selling price:
  • - Costs for new customers/new markets
    - Unsold spare capacity
    - Paying for own suppliers’ wasted costs

  • Friction costs for buyers:
  • - Paying for suppliers’ wasted costs
    - Sourcing innovation
    - Finding reliable new suppliers

Buyers and suppliers connect for free on the Network and suppliers share savings with buyer, INNOVO and good causes.

Savings averaging 17% are collected and distributed by one of the 'Big 4' accountancy firms.

For more information view our detailed PDF on INNOVO

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