Best practices in eProcurement
In December 2005, international research firm Aberdeen Group published the report "Best Practices in E-Procurement - Reducing Costs and Increasing Value through Online Buying". The Aberdeen analysts found that: »Through effective deployment of e-procurement technology, enterprises can: Reduce transaction costs, Improve process efficiency, Reduce or eliminate “maverick” buying, Increase contract compliance, Reduce cycle times and save inventory costs« They same analysts also noted that: »Perhaps most important, e-procurement can shift transaction processing to the end users who actually use the purchased goods or services, freeing up supply management personnel for strategic value-creation work.« Among the best practice companies noted in the report were IBX customers Skanska and Novo Nordisk. The full report is available upon inquiry from info@ibxeurope.com. |