Wrought immense financial loss to the company

Dear Sir, I am writing this memorandum to bring your oversight to the need for a major shift in our procurement procedure which Fitter Snacker has been following for the past partner off of decades. A careful study of the purchasing records of the last few months break up that the traditional purchasing procedure has wrought immense financial going away to the company.This method which relies heavily on buying from a few trust local and familiar sources of raw material akin floor, chocolate, sugar and draw derivatives has resulted in buying materials at higher prices and some whiles suppliers not concourse the demand or deadline. What I am suggesting is us to shift our attention to online sources and rely more on e-commerce (electronic commerce) for our raw materials.As you might be aware, the planetary web has created an electronic market place in the internet in last many years. In the net there are B2B (business to business) e-commerce sites where you set up bid for raw materials at cheaper rates and get quality informed supplies at faster speeds. One another advantage with e-commerce is that you dont have to rely on a few sm each(prenominal) beat local suppliers all the time you can hitherto approach deep and distant corporations who can manage long distance shipping of boastfully quantities.My predecessor was using the age old means of communication like writing letters or calling over phones or even personally visiting the suppliers as part of purchasing protocol. As a person coming from a generation that came to age in twenty-first century I think all these are a marrow waste of money and time. A shift to e-commerce will remove all the inconveniences, moreover this shift would enable any authorised person in our company to go through the procurement records on real time and make assessments or decisions from anywhere using the internet. Thank you.