Unformatted text preview: fident can meet pre-approved levels of price and quality. E-procurement is rapidly becoming an important issue. A recent survey by Deloitte
Consulting found that among a cross-section of major corporations, only about 15% are
satisfied with their current level of e-procurement activity. However, of those relatively
few companies who have extensively adopted e-procurement solutions to date, 88% are
satisfied with the results –– and are reporting returns on investment that often approach or
exceed 300%.1 Not surprisingly then, Purchasing magazine reports that over 90% of
purchasing professionals expect to be buying online within the next 12 months –– with a
total of perhaps several trillion dollars of goods and services transacted online over the next
What are you trying to achieve?
In order to get started in e-procurement, you need to establish a strategy and choose the
specific tools and services to help you execute it.
Too often, articles and promotional materials on e-procurement fail to d...
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- Spring '08
- e-procurement, e-procurement solutions, Scott A. Elliff