E-procurement

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eProcurement
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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.

     


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