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Buying power Alf Noto, Guy Strafford and
Tim Waters offer three distinct perspectives on the potential of
electronic procurement. |
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Alf Noto The concept of e-procurement has attracted a great deal of attention recently, leading some to call it the latest business ‘craze’. E-procurement is not a craze in the sense that Pokémon or the Teletubbies might be. In the first place, the word suggests irrational enthusiasm, which hardly suits organisations motivated by the promise of tangible business benefits. Second, it implies that e-procurement is a passing fad. While many larger organisations are considering implementing an e-procurement strategy, only a few have actually done so. But the next five years will see e-procurement become the norm for every successful large organisation. The benefits E-procurement offers several distinct advantages, including lower prices, reduced transaction costs, improved productivity and business performance, a wealth of useful management information and, potentially, a reduced wage bill. According to a study commissioned recently by TomorrowFirst and carried out by independent analysts, the improved business efficiency offered by e-procurement will soon become key to survival. Of 50 heads of purchasing surveyed, the vast majority (76%) believe that implementing an efficient e-procurement solution is critical to remaining competitive. |
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International Consultants' Guide March
2001 |
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E-Business