As with all revolutionary ideas, implementing a successful e-procurement initiative is dependent upon overcoming several key strategic and tactical obstacles. So far, most companies are not finding it easy. In fact, it is estimated that nearly 75% of e-business company initiatives (these include e-commerce projects) will fail within the next two years. Curiously, this is not for reasons that we might suspect—not because the tools and standards are not yet stable, nor even because the marketplace is unpredictable and volatile. The real problem is that, at least for direct materials, companies too often fail to overcome issues surrounding
System-to-system integration, both inside and outside the company firewalls
Initial investment costs ...