Electronic Enablement of Procurement can help reduce the costs of your sourcing operations
Businesses are always looking for ways to automate procurement processes, connect to their supply base quicker, and improve overall supply chain mechanisms. A popular choice to do this is e-Enabled Procurement.
Electronic enablement of procurement can take many shapes and forms, but the goal is the same: Reduce the costs of procurement and supply chain processes, while introducing a positive culture change in your organization. However, considering the large number of e-Procurement and e-Sourcing solutions available to procurement professionals, finding the best tool to fit your needs can be as complex as the issues they are meant to fix. From simple online order processing through supplier managed catalogs, to complex procure-to-pay systems, opportunities exist for business looking to source eProcurement software licensing or expand their hosting options for those who know where to look – so how can Procurement find the right tool for the job?
Source One’s Strategic Sourcing and Procurement experts have experience and partnerships with the leading industry players in all aspects of procurement e-enablement. Our team can help your business select the right set of eProcurement and eSourcing tools, products, or services that will drive the optimal results for your organization. Whether you require a full-scale procure-to-pay system, or need help negotiating and implementing a purchasing card (p-card) system, let our experts help you make the right decisions.
Benefits of e-Enablement in Procurement:
- Reduce maverick buying,
- Reduce costs and errors in ordering,
- Improve compliance of contracts,
- Increase supplier involvement and partnering,
- Improve visability into all spend categories,
- Receive and approve invoices for payment electronically,
- Achieve savings through process improvements,
- Achieve savings through technologies such as Reverse Auctions.
Source One’s eProcurement team can help you achieve all of these performance enhancing goals.
In a world where transaction time and accuracy can impact the outcome of purchasing decisions, implementing e-sourcing tools that help streamline processes and reduce transaction time becomes imperative. Our eProcurement advisory team will assist in selecting the optimal tools, service providers, or set of technologies and software solutions for your individual business needs, which will enable you to have visibility into your spending and manage interactions with suppliers with better controls in place. Our dedicated team of eSourcing experts will help you gain the level of executive sponsorship required, overcome cultural issues, and provide technical deployment and implementation support that will drive results for your organization.
For those companies not yet ready to take the plunge of a full-blown eSourcing implementation, Source One also provides a free set of sourcing tools that can be plugged-in to any strategic sourcing process without specialized support or software. At the end of strategic sourcing initiatives, Source One also conducts a knowledge transfer, leaving our clients fully capable of driving similar and repeatable results in future initiatives.
For more information on our free procurement tools click here.