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supply chain, is not now routinely practiced, and represents an area of great growth and
opportunity. With new systems appearing that will track the status of incoming materials
in real time, across multiple transportation carriers, look for leading companies to use this
increased supply chain visibility to enhance their use of e-procurement.
Even then, streamlining the process does little to address the other major potential sources
of value from e-procurement –– the ability to stimulate competition, drive better prices and
services, and bring these improvements directly to the bottom line. Overall, the usefulness
of efficiency-oriented e-procurement solutions depends largely on how efficient your
current purchasing processes are to begin with, how good your existing supply contracts are, and how much added value is available by redeploying staff who are now working
primarily on transaction processing and related administrative tasks. Broadening the pool of suppliers
Typically, a 1% improvement in the overall cost of purchased materials and s...
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- Spring '08