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