In today’s competitive IT procurement landscape, transparency is crucial for optimizing purchasing processes. Markit stands out as a leading platform that champions transparency, simplifying the B2B IT channel for businesses worldwide. With over 10,000 companies—including more than 400 from the Forbes 2000 list—relying on Markit daily, it has become a trusted partner in reducing the total acquisition cost for IT products.
Reducing the Total Cost of Purchasing
Markit helps companies reduce IT purchasing costs by consolidating suppliers and offering a product portfolio of over 1 million items through real-time integration with major wholesalers. This streamlines vendor management and centralizes the purchasing process into one efficient platform, resulting in substantial savings in product costs, time, and administrative burden.
Complete Transparency in Pricing
Markit guarantees full transparency in pricing, ensuring clients receive the best available market rates. Unlike traditional vendors with complex discount structures or hidden fees, Markit’s transparent pricing allows companies to make informed decisions at every step. Real-time price comparisons across multiple wholesalers create a competitive marketplace that drives prices down further.
Streamlining and Automating the Purchasing Process
Markit’s platform simplifies and automates the purchasing process, reducing complexity. It is fully customizable to meet each client’s needs, offering advanced search capabilities, approval workflows, budget management, and hardware standardization. Markit integrates seamlessly with existing ERP systems and procurement platforms, streamlining purchasing activities without overhauling current processes.
Maximizing Price Savings with Advanced Algorithms
Markit uses advanced algorithms to optimize purchasing baskets, ensuring the lowest possible cost. Clients enjoy savings of up to 10% on average. By acting as a neutral platform that pits multiple suppliers against each other, Markit ensures competitive prices without separate negotiations
Real-Time Availability and Lead Time Reduction
Markit provides real-time availability and lead-time data from major wholesalers, allowing companies to plan IT purchases effectively. With a delivery accuracy of 90%, Markit helps reduce lead times and minimize supply chain disruptions.
Comprehensive Reporting and Budget Control
Markit offers detailed reporting tools to track spending, monitor purchases, and analyze categories. This visibility ensures savings on product costs and insights into overall procurement strategy. Reporting tools also measure time saved, track user satisfaction, and provide full budget control, enabling strategic decisions and optimized purchasing processes.
Global Reach with Local Delivery and Invoicing
Operating in over 40 countries, Markit offers global centralization with local handling. Companies can centralize IT procurement across different countries while benefiting from local deliveries and invoicing, managing global procurement efficiently.
A Single Access Point to the Global IT Distribution Channel
Markit simplifies IT procurement with one platform, one supplier, and one access point, integrating the global IT distribution channel. This ensures visibility, control, and savings in today’s competitive market.
Advice from Marco Evolini, USA Country Manager
Marco Evolini advises focusing on transparency rather than just discounts or fixed prices when selecting a supplier. Transparency unlocks true value in IT procurement.
Conclusion: Transparency as a Competitive Advantage
Markit positions itself as a beacon of transparency in an opaque industry. Offering real-time pricing, optimizing purchases through advanced algorithms, and providing comprehensive reporting, Markit delivers significant value. Whether it’s cost savings, process automation, or global procurement, Markit sets new standards for transparency in the B2B IT channel.
