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It is a way to perform all the functions of procurement and purchasing, but in a digital, electronic format, using software to automate and streamline the process. What if you could streamline everything from purchase orders to invoicing by moving everything over to an online format. . Another benefit of E-procurement is reducedcost.
If you work in procurement or the purchasing department, you’re already aware of how it works. pre-purchase questionnaire. Using eSourcing software reducescosts , saves time and maximizes your efficiency, offers you detailed supplier information so you can make a more educated choice, and helps ensure compliance.
Complicated onboarding or purchase processes that “motivates” rogue spend. Solutions that are sitting on the shelf because they are so difficult and inefficient to use – your staff prefers using Excel because they understand it…even if it takes a lot longer. Lack of visibility. You can reach me at (973) 718-7071 x875.
Cumbersome procurement processes that require the same amount of effort for simple buys as strategic ones. Procurement is slow to respond even if the purchase is urgent. Huge cost savings by eliminating POs for common recurring purchases – stakeholders now execute these purchases in less than 5 minutes.
All of our pricing analysis is done in Excel because the pricing capability in our current tool is limited. My team cuts and pastes all the responses into Excel to analyze each event. The cost in lost opportunities, leverage and time are enormous. If we could get supplier participation to 40%, we would be ecstatic!”.
As part of my weekly routine, I speak with many talented people in sourcing about their challenges. Eliminate unnecessary steps and everyone wins. If you are patient and implement tools and system changes that make it easier for stakeholders and suppliers to do business with your group – excellent results are inevitable.
Some are perfect for 3 bids and a buy. New events can be created via one-click uploads from Excel. All data is entered in the tool rather than on attached spreadsheets – this alone reduces analysis time by 60%. The time previously wasted on cutting and pasting can be used on more strategic items.
To analyze bids, it is far easier to rekey the information into Excel than to use the analysis reporting tools in the system. Adaptable – I should be able to eliminate steps for routine projects. Too often a system is easy to buy and difficult to implement or impossible to maintain. You can reach me at (973) 718-7071 x875.
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