The advantages of
e procurement are:
- Transactional – expenditure can be controlled and follow pre determined approval flows. This means you can control who buys, what they buy and who authorises such spend.
- Process times – As this activity is online. The paper trail is removed. The end-to-end process time is greatly reduced enabling goods and services to be at the point of use at the time they are needed
- Cost Reduction – The Chartered Institute of Purchasing & Supply estimate that the average internal cost to raise and pay a purchase order is circa £75. These costs are reflected in time taken by your staff that could be better utilised doing more added value activity. The process benefits of Eprocurement free this time enabling you to re-deploy staff time or even reduce headcount
- Spend Management Information - Who, What and With Whom. This information is provided as part of the management information suite. Information vital for successfully managing your business.
- Systems are now on a Software as a Service (SaaS) basis that requires little or no Internal IT resource to implement – a simple web browser is all that is needed. These systems are now easy and intuitive to use - vital for easy and rapid deployment
E Procurement
Let Sourcing Vantage help you.
Sourcing Vantage can help companies to proactively reduce their cost and manage their base of non-core (indirect) and core (direct) spend through the selection and implementation of an eProcurement system that meets your needs.
Companies often have their core spend well managed however due to lack of resource non-core or indirect spend often is left uncontrolled and in effectively managed. eProcurement allows companies to get control and manage this important aspect of corporate spend. We have extensive experience of eProcurement from implementation to project turnaround strategies. Let Sourcing Vantage help you either select and implement a system or help you gain traction and value for money from your existing eprocurement system.
eProcurement Business Case
Save money through Control, Analysis and Reporting of spend
