Monday, September 22, 2014
Importance of Electronic Procurement for Businesses
Today's highly competitive business world requires the corporations to continuously look for IT solutions. It’s important for businesses to improve their efficiency of business processes & cut cost of operations to enhance their margin ratios. Businesses undergo invariable pressure to advance their bottom lines irrespective of increase in their top line.
In such economical frenzy scenario,
businesses switch to e-procurement solutions which give myriad benefits along
with improvement in time-to-market mechanisms & reduction in operating costs
to enhance profit margins. E-procurement is an essential part of Purchasing
& Materials Management for businesses.
In this intuitive piece of article,
you’ll learn how e-procurement helps businesses avoid costly mistakes & maintain
their competitive edge thus avoiding risk of extinction.
First,
a quick brief about electronic procurement or e-procurement-
E-procurement in simple
terms assists businesses to enhance efficiency in 3 following aspects-
1)
Sourcing
2)
Negotiations with suppliers
3)
R&D co-ordination
The above 3 are crucial factors
for any business. E-procurement helps firms to achieve the respective goals efficiently
using internet & electronic market. The respective transactions can occur between
business-to-business (B2B), business-to-customer (B2C) and business-to-government
scenarios.
E-procurement helps to co-ordinate
procurement activities online. Presutti in 2003 defined e-procurement as all the
technologies which enable buying online.
Knudsen in 2003 included further
elements into e-procurement which are-
- E-sourcing
- E-tendering
- E-informing
- E-reverse
- E-MRO
- E-Auctions
- Web-based enterprise resource planning (ERP)
Thus e-procurement has now
become an essential part of the Supply Chain Management contributing to invariable
efficiencies through its e-procurement software, B2B & B2C market exchanges
& purchasing consortia.
The elements of
e-procurement consist of-
RFx refers to the above 3
elements put together & eRFx is the software used to manage RFx projects.
Click to read 3 crucial benefits of e-procurement enabling businesses
to enhance their bottom lines.
Note- E-procurement
is one essential part of Purchasing & Materials Management. Indian Academy
of Management is conducting a practical and insightful business seminar on Purchasing & Materials Management.
The goal of this seminar is to make executives
and corporate personnel learn how to make purchasing
a constant profit center!
In includes detailed explanation
of the following and how it can be used to enhance business profits-
- E-Procurement
- Legal Aspects of Purchasing
- Overseas Buying
- Vendor Management
- Negotiations in Purchasing
- Financial Aspects of Materials Management
- Techniques for Control of Inventory
- Modern Storage and Warehousing Practices
- Logistics & Supply Chain Management Concepts
Subscribe to:
Post Comments
(
Atom
)
One simple approach to consider a generator is to think it simply like a pump through a pipe.Portable Generator
ReplyDeleteAn impressive share, I just given this onto a colleague who was doing a little bit evaluation on this. And he in reality ordered me breakfast due to the fact I discovered it for him.. smile. Consequently allow me alter that: Thanks for the deal with! Having said that yeah thanks for spending the time to chat about this, I really feel strongly about it and adore reading additional on this topic. If possible, as you turn into expertise, would you mind updating your weblog with additional details? It?s quite useful for me. Giant thumb up for this internet page publish! plataforma de licitacion electronica
ReplyDeleteHearty thanks for this wonderfull information !!!
ReplyDeleteXovoltib 20mg Dose @ Myapplepharmaceuticals
Really amazing !!!
ReplyDeleteAlecensa 150mg @ Myapplepharmaceuticals
Your informations are really helpfull to us !!!
ReplyDeleteScapho 150mg Dose
This is really a very good blog post and thanks for sharing
ReplyDeleteIkgdar 100mg,
Ikgdar 500mg,maball 100mg,maball 500mg,mabtas 100mg,mabtas 500mg
ReplyDeleteReally very nice blog information for this one and more technical skills are improve,i like that kind of post.
Catering Services in Chennai
Catering in Chennai
Caters in Chennai
Best Catering Services in Chennai
Mua vé máy bay tại đại lý Aivivu, tham khảo
ReplyDeletevé máy bay đi Mỹ Vietnam Airline
vé máy bay từ houston về việt nam
chuyến bay từ đức về hà nội hôm nay
vé máy bay từ việt nam sang nga bao nhiêu
Bursa
ReplyDeleteKırşehir
Muş
Mersin
Çanakkale
HTEUV2
https://titandijital.com.tr/
ReplyDeletebalıkesir parça eşya taşıma
eskişehir parça eşya taşıma
ardahan parça eşya taşıma
muş parça eşya taşıma
DCAALW
https://istanbulolala.biz/
ReplyDeleteSEO5T1
ığdır evden eve nakliyat
ReplyDeletebitlis evden eve nakliyat
batman evden eve nakliyat
rize evden eve nakliyat
niğde evden eve nakliyat
T5YD
urfa evden eve nakliyat
ReplyDeletemalatya evden eve nakliyat
burdur evden eve nakliyat
kırıkkale evden eve nakliyat
kars evden eve nakliyat
U7Z4
A62DF
ReplyDeleteOsmaniye Evden Eve Nakliyat
Ardahan Evden Eve Nakliyat
Yozgat Evden Eve Nakliyat
Niğde Evden Eve Nakliyat
Van Evden Eve Nakliyat
88D56
ReplyDeleteKonya Evden Eve Nakliyat
Paribu Güvenilir mi
Burdur Evden Eve Nakliyat
Silivri Fayans Ustası
Nevşehir Evden Eve Nakliyat
5ED81
ReplyDeleteAdıyaman Lojistik
Malatya Parça Eşya Taşıma
Kırşehir Parça Eşya Taşıma
Ünye Çatı Ustası
Erzincan Evden Eve Nakliyat
Şırnak Lojistik
Balıkesir Lojistik
Tekirdağ Çatı Ustası
Tekirdağ Fayans Ustası
DFB04
ReplyDeleteparabolan
buy testosterone propionat
buy steroids
order peptides
buy sarms
anapolon oxymetholone for sale
buy parabolan
order testosterone enanthate
order deca durabolin
47473
ReplyDeleteIsparta Parça Eşya Taşıma
Sincan Parke Ustası
Konya Parça Eşya Taşıma
Bayburt Lojistik
Hakkari Lojistik
Kırıkkale Lojistik
Erzurum Lojistik
Mardin Şehir İçi Nakliyat
Bitmart Güvenilir mi
EFA62
ReplyDeleteBtcturk Güvenilir mi
Antep Evden Eve Nakliyat
Bybit Güvenilir mi
Çerkezköy Mutfak Dolabı
Yenimahalle Boya Ustası
Çankaya Fayans Ustası
Sinop Evden Eve Nakliyat
Bitrue Güvenilir mi
Batıkent Parke Ustası
784C1
ReplyDeleteresimlimagnet
Bitcoin Kazma Siteleri
Bitcoin Kazanma Siteleri
Kripto Para Nasıl Üretilir
Kripto Para Nedir
Kripto Para Nasıl Oynanır
Bitcoin Madenciliği Nedir
Binance Kimin
Coin Para Kazanma
437C8
ReplyDeleteyabancı görüntülü sohbet siteleri
Izmir Canli Sohbet Bedava
adıyaman sesli görüntülü sohbet
tokat canlı sohbet uygulamaları
ankara bedava sohbet odaları
edirne mobil sohbet
Tunceli Yabancı Sohbet
muş sesli mobil sohbet
elazığ rastgele canlı sohbet
65301
ReplyDeleteskype show ücretli
405E330469
ReplyDeleteereksiyon hapı
sinegra
degra
bufalo içecek
viagra
ücretli şov
skype show
novagra
görüntülü şov
45AAFCD9D8
ReplyDeletebufalo çikolata
whatsapp görüntülü şov
telegram show
lifta
stag
cobra vega
canli web cam show
görüntülü show
viga
D6157CA113
ReplyDeleteskype show
whatsapp görüntülü şov
ücretli şov
lifta
kamagra hap
ereksiyon hapı
kaldırıcı hap
cobra vega
canli cam show
A8CC1EE24E
ReplyDeletebeğeni satın alma