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Unformatted text preview: istinguish among
the different types of benefits that are available. A “one size fits all” approach is not likely
to be successful in this complex area. Rather, devoting the time and attention to
determining the right objective for your situation — identifying what you are trying to
achieve — and then finding the best methods for achieving it, are keys to success.
The potential benefits of e-procurement can be classified into four major areas:
1. Increasing efficiency in executing purchase orders and other transactions
2. Accessing the capabilities of a broader supply base
3. Leveraging your volume to drive better prices and supplier value-added services
4. Improving the effectiveness of your ongoing procurement process
The detailed benefits that are available within each area, the type of strategies and tactics
that are appropriate for pursuing them, and some of the specific e-procurement players who
are in place to meet these needs are discussed below. With this information in hand, you
should be in a strong position to set the appropriate strategy, select the tools and providers,
and implement e-procureme...
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This test prep was uploaded on 04/01/2014 for the course INDE 6370 taught by Professor Staff during the Spring '08 term at University of Houston.
- Spring '08