Innovation

The business is possessing themselves as an energy broker which is a business or a person who finds the best solution for supply chain processes by finding the simplest ways of supplying goods and reduce the impact which the transportation processes might have on the environment.

As an energy broker the company is minimizing the costs and environmental impacts caused by energy procurement and supply chain effectiveness. The company aims to simplify the supply chain processes and help other businesses to be more environmentally conscious as well as reduce the prices. The 2buy2 helps to introduce a business concept called the triple bottom line which commits to balance financial, social and environmental impacts, rather than concentrating solely on profit.

This is an effective way of being environmentally conscious and making profit as a business. If talking about the environmental impact the business has, it will not be limited by goals 7 and 12. Additionally, the company is achieving Goal 1 -No Poverty, by providing people with more opportunities by lowering cost within supply chain processes. Also, the business is covering the goal 9 which is Industry, Innovation and Infrastructure. This innovative approach is improving the whole supply chain industry, so businesses are adapting it and this influences the whole business world. Additionally, it covers the goal 13- Climate Action, as the approach aims to reduce the impact which supply chain processes have on the environment. 

Inspiration

The inspiration for the creation of the "Transformation Procurement" product was the desire for high-quality customer service and an understanding of the changing needs of the market. As the project manager noted, his goal was to create a service that would meet customer requirements as much as possible. Developing flexible procurement solutions has replaced long-term contracts as many of 2buy2's clients, particularly in the charity and education sectors, have limited budgets and require fast and efficient results.

Also, an important motivator was the desire to offer cost-effective solutions for clients who seek to have a positive impact on society. "We wanted our customers to be able to direct their resources to core missions, such as education or community support," explained the executive. The innovative model also reflects industry trends towards digital tools and artificial intelligence, enabling 2buy2 to provide data-driven procurement solutions. With this approach, the company not only improved its services, but also offered customers more stable and meaningful purchasing options.

Overall impact

The launch of Transformational Procurement has brought tangible benefits to 2buy2 and its customers. In the short term, clients were able to optimize procurement, allowing them to focus resources on core tasks and enhance their contribution to the community. The short-term contract model reduces financial commitment for customers, allowing them to receive support when needed without committing to long-term contracts. Initial customer feedback has been mostly positive, with many noting a simplified procurement process and better compliance with standards.

In the long term, this innovation contributes to the development of strong relationships with customers who value flexibility and quick adaptation of services. For 2buy2, this approach strengthens the reputation of an innovative company with a focus on customer needs. With a focus on providing green products, the company helps customers achieve carbon footprint reduction goals that align with broader environmental goals. This not only contributes to the sustainable development of customers, but also enhances the image of 2buy2 as a socially responsible organization. In conclusion, this innovation is an important step towards simultaneous business growth and positive impact on society.

Business benefit

The innovation of Transformational Procurement at 2buy2 has significantly helped the business by offerings and improving operational efficiency within supply chain processes. By developing efficient procurement solutions that satisfy the unique client’s needs. Taking into account the charity and education sectors the business has reduced clients expenses and made the procurement process simpler. Because the business adopted this model, it has successfully opened new markets, attracting organizations that require quick and effective solutions without long-term contracts as the businesses could review the contract every time when they feel they need a change. This flexibility not only increases client satisfaction rates but also has financial benefits as more organizations today seek this new procurement option.

Moreover, the fact that the business is focusing on the environment has put 2buy2 as a leader in sustainable business solutions, which is important to the society as they are conscious about the environmental issues and to investors who put sustainability as their first priority. By simplifying the processes and keeping the focus on people’s needs this business has improved employee well being. It is important for the people to work for the business which aligns with their values and improves the society in a positive way. This is a good way of employees' motivation which has increased job satisfaction and well-being. This company is considered a socially responsible business that is committed to make a positive impact on the environment and community. 

Social and environmental benefit

The Transformational Procurement innovation at 2buy2 benefits society and the environment by directly addressing global challenges, such as access to clean energy and sustainable consumption and production. By being an energy broker 2buy2 reduces the supply chain processes giving organizations an opportunity to supply goods and products in a way which minimizes the environmental impact. This is important as it reduces carbon emissions which transportation processes create. As the company is supporting sustainable practices, it effectively addresses SDGs goal 7 which is about affordable and clean energy for everyone, this way helps society to cover their basic needs such as cooking and heating their houses.

Moreover, this business is focusing on responsible consumption and production which brings up the question of sustainability among businesses clients and their customers.By achieving their goal the company is helping business to allocate their resources in a more effective way, giving them an opportunity to invest into the charity and education sectors, where the budgets are limited to provide long and expensive supply chain processes . As a result these businesses can better serve their clients which leads to better social outcomes.

Interview

Russell Stables, Director of Operations