Understanding E-procurement, Part 1: Quantifying the Benefits

This is Part 1 of a two part series on e-procurement systems. In this part, we look at the factors that are driving companies to revisit their e-procurement solution choices.

Consider this: If your company spends $1 billion on indirect goods and services, buying through an e-procurement system can save you more than $3 million annually. Delivering that kind of savings to your company’s bottom line would certainly be a feather in your cap.

To learn how, spend a few minutes reading this complimentary report from The Hackett Group. It’s the first in a two-part series that explores the e-procurement benefits and why interest in e-procurement is percolating among businesses like yours.

You’ll find this report especially helpful if you’re building a business case for adopting or improving an e-procurement system.

Download it now to read about:

• Saving big through stronger compliance.
• Ways to improve procurement efficiency.
• How to reduce your requisition-to-PO cycle time.
• Cutting data management costs.

Here is the link to the part 2: Understanding E-procurement: Critical Success Factors