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Aug 15

Premikati Reaches Inc. 5000

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Premikati Inc. is pleased to announce its inclusion in the prestigious Inc. 5000 list of the fastest-growing companies in the United States for 2023.

INDIANAPOLIS, INDIANA, UNITED STATES, August 15, 2023/EINPresswire/ — Premikati, a beacon of innovation and a dominant force in procurement management consulting is elated to announce its inclusion in the Inc. 5000 list of the fastest-growing companies in the United States. This highly sought-after distinction places Premikati among a select echelon of forward-thinking organizations that are not only shaping business trends but also pioneering unexplored avenues within the industry.

Inc. 5000 Reward
The Inc. 5000 list represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other household names gained exposure as honorees on the Inc. 5000 list. Companies are ranked according to their revenue growth rate over three years. To qualify for the 2023 Inc. 5000 list, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent as of December 31, 2022. This year’s Inc. 5000 companies have added 1,187,266 jobs to the economy over the past three years.

“Our place on the Inc. 5000 list is not just a testament to our growth but a validation of our commitment to relentless innovation and excellence,” affirmed Marisol Buchanan, CEO of Premikati. “We see this recognition as both an honor and a challenge to continue pushing the boundaries of procurement technology and client satisfaction.”

The Culture

Premikati, with its diverse team of procurement professionals and deep-rooted expertise in SAP Ariba™, has been at the forefront of technological advancements. By merging traditional procurement wisdom with modern technological tools, Premikati crafts solutions that transcend ordinary boundaries, ensuring client success.

In recent years, the company has not only demonstrated significant growth but has also unveiled groundbreaking innovations that reinforce Premikati’s status as a visionary leader in the industry. The inclusion in the Inc. 5000 list exemplifies the company’s unwavering focus on creative problem-solving, customer-centric approaches, and dedication to cultivating a culture of continuous innovation across a variety of industries, including Life Sciences, Consumer Products and Goods, High-Tech, Wholesale Distribution, Healthcare, as well as the Private Equity space.

“The future of our company is incredibly bright,” continued Marisol. “With a dedication to inventiveness and adaptability, we look forward to further enriching our portfolio of services, venturing into new markets, and maintaining our reputation as an industry trailblazer.”

About Premikati
Premikati is a leading procurement management consulting firm, specializing in entire procurement business and legal process outsourcing and implementing SAP Ariba and Icertis software. In Indianapolis, Indiana, Premikati’s commitment to innovation sets it apart, offering tailored solutions that marry the latest technological advancements with timeless business wisdom. Premikati paves the way for clients to achieve growth through efficiency and insight.

Dec 07
premikati marketplace

2 Things Your Business Needs To Do ASAP

By Procurement No Comments

Do you need to take a serious assessment of your business right now?

For months, we’ve seen how COVID-19 has affected our personal lives, businesses, and the way our society functions in general. And if you haven’t taken the time to really dive into how your business is functioning from the ground up, I challenge you to make this your top priority.

The impact that COVID-19 has had on business is emphasizing what has always been true: The future is filled with unforeseen circumstances, and the world is changing fast. Businesses need to be smart, agile, and innovative, but it’s hard to do this if you don’t have a solid foundation in place.

Many businesses are experiencing budget cuts and a reduced workforce. Now is the time to become more strategic with your game plan and fix or improve current processes.

Plain and simple, if you haven’t already, you need to:

1. Cut costs.
2. Make sure time is used efficiently as possible.

Of course, while this may be simple, it is frequently not easy. Here are ways you can approach making these essential assessments:

You Need to Dial In Your Spending.
We want our businesses to not just survive—we want them to thrive. However, especially in the last several months, many companies have shifted into survival mode.

Companies in many industries are having to take a hard look at their expenses, and there have been significant cuts across the board. It’s essential to stay lean and mean, and you need to be bold, proactive, and smart when evaluating where you can cut back.

Part of successfully cutting costs begins with asking the right questions. I encourage businesses to consider:

  • What do you actually NEED for your business to operate right now? Are you actually accumulating things you don’t need? How have your needs changed with more employees working from home?
  • How are purchases approved? Who is in charge of approving purchases? Are they able to review and approve in a timely manner? Are inefficient processes causing your business to miss out on important opportunities that could have been? Who is spending money on what, and how can you find out this information?
  • Are you actually buying from the BEST supplier for your specific needs? Are you getting the very best deals on items you truly need? Are the products you’re using high quality? Does your supplier provide a top-notch shopping experience so you don’t waste time? Does your supplier provide excellent customer service?

Not only do you need to simplify your procurement process, but you need to make sure you’re also getting the most out of it.

Is Valuable Time Being Wasted?

While working from home can have its perks, there is an added layer of complexity due to the unique challenges of COVID-19. People are not simply “working from home”; they are doing everything from home. And with budget cuts, employees may be working harder and longer hours than ever.

Your goal here is to let your employees spend time on the things that really sustain and grow your business. Again, identifying how to fix and improve processes begins with asking the right questions:

  • Are your employees wasting valuable hours on easy-to-solve procurement issues? For example, how many hours do they spend manually reconciling purchase orders with invoices? (How many hours or days does this add up to each year?)
  • How long do employees spend researching the suppliers with the lowest costs? After investing in hours researching suppliers, have you ended up actually saving money? Are the suppliers reputable? Do they offer white glove customer support where you can talk to a real person right away?
  • How much time does it take to get set up with each new supplier? Is it worth the investment? How long until you’ll need to find a new supplier to grow with your business? How long will it take you to figure out if it’s the best fit for your needs?

Don’t waste time doing things that have simple, elegant solutions already available.

***

No matter what your unique challenges may be during this time, every business can benefit from taking a hard look at how time and money are being used.

If you read this and felt slightly panicked or overwhelmed, you’re not alone. This stuff is hard. It can be time-consuming to figure out, and sometimes it can feel easier to let things get done the way they always have, instead of making the investment in a potential solution that may or may not work out. You need to figure out a way to make big changes… without wasting even more money and time.

Premikati Marketplace has you covered. How can you know for sure? We know from experience exactly what businesses (like yours!) struggle with the most.

Premikati Marketplace helps your business:

  • Cut costs. Companies that use Premikati Marketplace save up to 35% due to pre-negotiated pricing on millions of items, efficiencies, and spend visibility.
  • Use time efficiently. Set up Premikati Marketplace in less than 24 hours. You don’t need any IT or technical admin support, either.

Click here to learn more about the Premikati Marketplace

Sep 12
5 Frustrations Procurement Professionals Will Understand

Five Frustrations Procurement Professionals Will Understand

By Procurement No Comments

Every profession comes with its frustrations, but procurement comes with its own very specific set. If you’ve been in the business for more than a minute, you’ve probably wanted to put your head through your desk on more than one occasion thanks to these special procurement nightmares.

Are You Ghosting Us?

We’ve all had it happen—after weeks of back and forth, we message a supplier an important question that will impact, well, everything else. And we wait. And wait. Days pass. Weeks. Centuries… Okay, maybe that’s a bit dramatic, but when we are relying on this one piece of feedback in particular, it can certainly feel this way. If you don’t have the answer to our question, let us know. It’s okay. Just please, please don’t put us through the special hell of ignoring us completely while we search for a solution or an answer.

How Big Are Your Shoes?

Did you promise us the moon? Well, buddy, you’ve got big shoes to fill. Unfortunately, lots of other departments (cough, cough suppliers, marketers, we’re looking at you) have their toes in their arch supports. It’s frustrating when the people we rely on to fulfill our job duties overpromise and underdeliver. It leaves us backed up and with a whole lot of explaining to do.

T Minus 10 Minutes

We get it—sometimes genius strikes at the midnight hour (and often when we are furthest away from pad and paper), but changing plans mega late in the game is really difficult in procurement. If we’ve spent months planning for everything you need to execute your brilliant plan, changing everything last minute makes us shudder. Oftentimes, it simply cannot be done on timescale that suits everyone, and we’re the ones who end up taking the flak. Give us plans and give us time and we will give you the world, though.

The Ol’ Switcheroo

We’re planners. Have we mentioned that enough? We like plans. More importantly, we like sticking to plans. So, marketers and sales folks, believe us when we say that we are looking for this one particular item, especially if we say that’s all we’re looking for. Extra especially if we’ve already said it once. Give it up on the upsell and the cross-promotion, and we’ll thank you for it. Respect our already limited time and we’ll pay it back in spades with loyalty and not-too-many emails. At least the former, as long as you keep your prices reasonable and your delivery on time.

Dripping in Gold

Speaking of upsells, do we look like we’re made of money? We can’t break the bank on every new request, every outlandish marketing idea, every new and ingenius product idea. We have to save for a rainy day and prioritize our cash flow toward the best and most efficient option. You can stop calling us names—we’re not literally always looking for the cheapest option, even if it seems that way sometimes. We’re not trying to make your life harder. We’re trying to make our dollars take us as far as we can and sometimes that means saying things like, “No, I get that it’s a more ergonomic option, but we cannot approve another (sigh) standing desk at this time.”

Did this list make you want to cry into your keyboard? You can find relief at the Premikati Marketplace where procurement is easy (and way less frustrating).

Sep 12
Premikati with Aon Cornerstone

Premikati, Inc. partnering with Aon Cornerstone

By Press No Comments

Premikati, Inc. with Aon Cornerstone

Partnership, A “Win-Win” For Premikati, Inc. Clients Looking to Diversify Their Supply Chain

Indianapolis, IN Nov.2, 2016 – Premikati,Inc. today announced a strategic partnership with Aon Cornerstone, a business unit of Aon plc (NYSE:AON) that focuses on fostering strategic alliances with minority business enterprises. (MBE), headquartered in Indianapolis, is a WEBNC certified woman- owned firm with extensive experience in the risk mitigation industry. Aon plc is the leading global provider of risk management, risk and reinsurance brokerage, and human resource consulting and outsourcing solutions.

Aon Cornerstone unites the global risk management and human resource solutions of Aon with the local presence and functional knowledge of (MBE) to deliver distinctive value to clients. By leveraging the specialized expertise, broad resources, global network, intellectual capital and best practices of the two firms, this partnership is positioned to deliver strategic, integrated strategies and solutions for managing risk and human resource demands while meeting important diversity and inclusion imperatives in an increasingly complex global environment.

Through a rigorous vetting process, Premikati, Inc. was chosen by Aon Cornerstone as a new addition into their exclusive network of partners seeking to care for existing clients’ needs surrounding diversity and exploring new endeavors that would afford global corporations, Fortune 100 companies, and large public entity clients the opportunity to work with a minority-owned firm, while simultaneously giving them the comfort of Aon’s extensive global network of resources, support and service.

About Premikati

Premikati is a WBENC certified WBE Management Consulting and BPO firm that is specifically tailored to Contract Management and Procurement. We help our clients with all facets of contracting and procurement strategy as well as outsourced Contract Management Services.   We employ procurement executives, attorneys, contract management professionals, Six Sigma Black Belts, and certified Change Masters with extensive experience either inside or consulting with the world’s top companies.

For more information on Premikati, Inc., log onto https://www.premikati.com

 

For more information on Aon Cornerstone, log onto http://www.aon.com/cornerstone

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