eProcurement

E-procurement also enables small and medium sized companies to harness new procurement markets by means of the Internet.

The advantages: you can find suppliers at the touch of a button and compare any number of offers and prices. The easiest way to do this is by using multi-supplier platforms such as simple system. There are several suppliers that offer their products and services on these system solutions, which function as electronic marketplaces.

This increases your flexibility: you can order products and take advantage of promotions and discounts around the clock, regardless of time and place.

Procurement departments at many companies are struggling with the same dilemma: requirements are becoming increasingly complex and at the same time business processes are expected to become more efficient.

How can you achieve your goals despite this? With efficiency and standardisation. After all, e-procurement solutions allow you to work much more productively than conventional purchasing processes would, which are based on manual input. Using e-procurement solutions as support for individual transactions and business processes, such as order processing and payment processes, simplifies them and speeds them up at the same time. In addition to supply chain management, this also applies to finance departments and other company divisions involved in procurement processes.

Would you like to make your procurement processes more transparent, and have a direct way to measure their success? Analyses and reports are part of the standard repertoire of e-procurement systems.

How are your suppliers performing, how satisfied are your customers? You can find out all of this information with just a few clicks. What’s more, you can also generate market analyses, standardise supplier contracts and implement additional procurement guidelines in no time at all. This gives you full transparency over expenditure throughout the company, and it also helps you to get a better grip on the often encountered, and cost intensive, “rogue purchases” (maverick buying).

C-goods are items with a low individual order value and a high order frequency. Many say that C-parts are insignificant for a company's success, which is why many purchasing departments do not pay enough attention to them. That said, it is exactly these items that are ideally suited to e-procurement solutions and which allow you to secure benefits for your company within a very short time! They allow you to process higher cumulative order quantities in a standardised way.

We at kaiserkraft are specialists in this field. That's why we have written an article about this very topic: read more here.

Compared to manual purchasing processes, electronic procurement automates a whole series of process steps. This makes other procurement activities significantly faster and leaves more time for other important tasks in your company. The resulting process cost savings can amount to up to 70%. When there are no media discontinuities, transmission errors are minimised and paperless workflows have a positive impact on time, finances and the environment.

If you frequently place orders for large quantities of goods, it may be worth introducing your own purchasing system that incorporates a range of different catalogue systems.