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Abstract
An average organization spends 40 per cent of purchasing
expenditure on non-production (indirect goods) items
like travel, office supplies and services. Optimal supply
chain collaboration requires streamlined, collaborative
business processes and a supporting technology infrastructure
that enables synchronization of information across the
extended enterprise. As they strive for competitive
advantage, today’s organizations are increasingly
reliant on deeper, more complex interactions with their
business partners. While eProcurement can deliver significant
‘buy-side’ cost savings to business, a number
of innovative companies, and marketplaces, are now looking
at other appropriate areas of their business to drive
forward their business performance throughout the value
chain - both supply and demand. Automating the purchase
of goods and services through implementing an eProcurement
system, organizations can make significant reductions
on purchasing expenditures that boost the bottom line
though significant hard dollar savings.
This white paper explains why an eProcurement implementation,
as part of a total supply management strategy, is an
opportunity for organizations to strengthen existing
supplier relationships and improve processes. It shows
how companies can gain immediate and tangible returns
through eProcurement.
Author
Kaushik Chatterjee
To know more about Wipro in enterprise application
services, go to www.wipro.com/eas
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