How Do I Know if I need an eProcurement
Each company has its own unique supply chain issues. The best supply
strategy will come from an intensive and continuous study of your
particular situation, and by developing a long-term strategy that
will maximize strengths while minimizing weaknesses.
How Soon Will I See The Savings From My Procurement System
Costs savings are generally not achieved overnight. It takes time
to find waste and eliminate it. However, such cost savings are not
a one-time occurrence, such as buying a commodity at a low price
because of market conditions. The wasted cost that is eliminated
in such efforts is eliminated forever, and companies benefit every
following year from a reduced cost base.
What Factors Should I Consider Before Making the Investment?
- Active support from top management
- Deep understanding of cost drivers
- Cooperative supplier relations
- Culture of continuous improvement
- Cross-functional approach
- Appreciation of advanced communications technology
- Investment in procurement/supply management