E-Procurement-in-New-Dimensions

E procurement is rapidly becoming an important issue

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

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 several years.2 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...
View Full Document

Ask a homework question - tutors are online