E-procurement
Benefits of electronically generated and transmitted documents
- A virtual elimination of paperwork and paperwork handling
- A reduction in the time between need recognition and the release and receipt of an order
- Improved communication both within the company and with suppliers
- A reduction in errors
- Lower overhead costs in the purchasing area
- Purchasing personnel spend less time on processing of purchase orders and invoices, and more time on strategic value-added purchasing activities.
- Purchase approval and supplier evaluation
- Bidding, negotiation, and supplier selection
- Continuously measure and manage supplier performance
- Requisitions – purchase order traceability.





