Electronic Procurement is a
marketplace service for business-to-business procurement that
reduces the cost of purchasing for both the buyer and supplier by
automating communications and processes. The marketplace approach
provides a more cost-effective solution than an in-house solution
by eliminating internal capital investments and providing faster
implementation.
The Procurement Marketplace
The procurement marketplace is
the mechanism that provides services using Internet technologies
and messaging standards to support procurement. This marketplace
provides services to furnish file conversion, guaranteed message
delivery, advertising services for suppliers, catalog management
and customer service.
Buyer Services
The buyer implementation enables
desktop purchasing within a company. Cost savings are achieved
through improvements to day-to-day purchasing and strategic
sourcing processes. The buyer electronic procurement application
provides the following functionality:
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End-to-end automated process
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Approval workflow
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Personalized product
catalogs
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Contract pricing
-
User level purchasing
controls
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Data analysis
-
Systems integration
-
Buying statistics and
reporting
-
User administration and
security
Supplier Services
Supplier services reduce
processing costs by providing electronic orders instead of
paper-based orders, increase service delivery levels due to faster
receipt of orders and increase revenue potential through access to
many buyers. The major components of the supplier services include
the following:
-
Order management
-
Systems integration
-
Catalog management
-
Data analysis
Contact us to find out how
Electronic Procurement services can reduce acquisition process
costs and purchase prices for your organization.
