Why Your Traditional Procurement Process Needs An Overhaul

1. Why Your Traditional Procurement Process Needs An Overhaul https://business.moglix.com

2. Your traditional procurement arrangement has served you relatively well over the years but there’s always room for improvement. Before you can begin to put in place improvements to the procurement process, it’s necessary to have a clear overview of the current procurement process in use.

3. Identify gaps and solutions to bridge the gaps • Having clarified your current and desired procurement process, you can now start to identify the gaps in your current procurement strategy. • Document the benefits of implementing an e-procurement system • Listing down the benefits of implementing an e-procurement system can really help to get management buy in. Overhauling a business process is very often an expensive affair, so for it to materialize, management buy-in is a must. • Develop an e-procurement plan and KPIs • Now that you have a clear understanding of your current and desired procurement process, identified the issues in your procurement strategy and am privy to the benefits of e-procurement, it’s time to think about how to revamp your entire procurement process through e-procurement.

4. Review And Select The Optimal E-Procurement Solution Provider When deciding on an e-procurement solutions provider, it’s important to review company budgets and requirements. Price may be a big consideration when selecting a provider, but it shouldn’t be the determining factor either. The reliability of the provider can make all the difference to your company’s bottom line so be sure to carry out research on potential providers, focusing on track records, expertise and service offerings.

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