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FASTXchange Advantage
At FASTXchange, we don't just provide the best solution to one of the most costly procurement problems facing businesses today; we provide the only one. Of course, to truly appreciate the value of our solution, one must first understand the problem.
According to conventional wisdom, procurement is divided into two categories: "indirect" and "direct." "Indirect" refers to the type of frequently purchased but lower dollar value items sourced through a third party via a catalog model. Whereas "direct" refers to the type of infrequently purchased but high dollar value items sourced directly through the manufacturer.
There is, however, a third kind of procurement, which falls into neither category, that being the sourcing of the thousands of infrequently purchased but lower dollar value items constantly required by a firm's R & D, production and MRO operations.
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