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A one size fits all approach is not likely to be

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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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