e-Procurement: From Strategy to Implementation

Process Efficiencies

When developing an e-procurement business case, it is important then to look at three areas of focused improvement: process efficiencies, compliance, and leverage.^[1] Although you have already begun to get some idea of the scale of process efficiencies that can come from automating the procurement process, it is worth noting that there are several ways that an e-procurement system creates cost savings. The first and most obvious are the savings that come from automating the process, eliminating paperwork and human intervention, and reducing transaction costs and cycle time. These savings come not only from eliminating the errors and time associated with paperwork, but also from streamlining and automating the audit trail ...