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E-procurement Trends in The Global Marketplace

Following the e-procurement trends over the past 20 years highlights some successes but some challenges too. There is no doubt that the Internet is drastically changing the way purchasing is done globally. It has grown and evolved into a complex marketplace with many players offering a variety of e-procurement and business-to-business services. E-procurement is a

5 electronic procurement (E-procurement) advantages

E-procurement advantages are becoming more evident as the wider understanding of its many uses become apparent. The main reason companies have embraced e-procurement is to increase productivity, provide visibility into day-to-day transactions and make it easier for users to get the supplies that they need. It has not been an easy road for e-procurement as

3 Challenges in E-Procurement Implementation

Leading companies are realizing that there are many benefits to using P2P technologies to improve their procurement processes. And, if you’re considering it as an option you might be wondering how you can ensure successful implementation. A helpful strategy to achieve that is to understand what might stand in your path as you try to

10 Types of Procurement Software

Procurement software options constantly evolve. In this article I will focus on standalone solutions, not those that reside within Enterprise Resource Planning (ERP) systems, such as Oracle or SAP. 1.Spend Analysis. Spend analysis software allows you to uncover purchasing patterns and identify opportunities for cost savings, performance improvements and overall efficiencies. Using spend analysis software,

Four Types of E-Procurement Integration

Four types of P2P integrations areas where eProcurement or other frontline buying systems are integrated in real-time: 1.The first (and most common) is integration into core ERP/MRP environments focused on core financials and inventory. We should note that rarely is any financials integration “vanilla,” even in the case of standard ERP/MRP integration, which often forms

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