This portal allows an interactive forum to support collaborative knowledge sharing through peer to peer discussions. The procurement professionals can be a part of addressing the specific questions and can mutually collaborate to solve a challenge. Additionally, you can post your story(s) for knowledge sharing and in case there are any challenges, we shall collectively address them. To ensure subject centric, insightful, and neutral comments all posts will be moderated before they are published on the forum.
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.
