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 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.