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Earlier, the conventional procurement process relied heavily on email, phone, and paper-based documents to communicate with requisitions and order management.
Here, we are going to demonstrate a graph where the procurement teams would like to see the greatest improvement in the process in the upcoming years.
Let us discuss 4 steps in the e-procurement system that could bring your procurement process to experience increased data accuracy and increased visibility.
New suppliers can get on board via web forms versus paper application where the data needs to be added manually.
Often unknowingly, employees may spend above their budget, send an order to the wrong supplier or distribute the cost to the wrong cost center or general record.
Pushing ahead, it will be critical for procurement groups to make a procedure where clients are ‘guided’ through the whole purchasing process.
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