TITLE

Why E-Procurement Makes Sense

AUTHOR(S)
Williams, Anre
PUB. DATE
October 2002
SOURCE
Financial Executive;Oct2002, Vol. 18 Issue 7, p45
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article comments on how savings and efficiency make electronic procurement a compelling idea. According to internet research firm Aberdeen Group Inc., if a company spends approximately $50 million on indirect expenses then automating procurement could achieve nearly $2 million in annual savings from lower prices paid for goods and services. However, Forrester Research claims that less than 10% of corporations are using automated expense reports and only 8% of indirect materials were purchased over the Internet.
ACCESSION #
11910492

 

Related Articles

  • E-PROCUREMENT BOOSTS CONTROLLED SPEND.  // Supply Management;11/15/2007, Vol. 12 Issue 23, p11 

    The article highlights the report "E-Procurement: Trials and Triumphs," published by research firm Aberdeen Group. The report reveals that the amount of procurement spend controlled by purchasers after introducing e-procurement was 65 percent, compared with 49 percent before. It explains that...

  • eFiles.  // eWeek;6/18/2001, Vol. 18 Issue 24, p49 

    Presents news about the information technology (IT), recent as of June 2001. Frost & Sullivan Inc.'s report on European e-commerce; Aberdeen Group's report on IT spending in the United States and worldwide, entitled 'Worldwide Technology Spending 2001-2005.'

  • Leaders of the Digital Economy. Muhammad, Tariq K. // Black Enterprise;Mar1999, Vol. 29 Issue 8, p73 

    Reveals the approaches of some individuals to benefit from the surge of electronic commerce. Estimated total investments in information technology companies through the third quarter of 1998; Dwayne Walker's TechWave company; Innetix, a wireless Internet service provider launched by Kenneth...

  • E-Procurement Trials and Triumphs. Gupta, Amit // Contract Management;Jan2008, Vol. 48 Issue 1, p28 

    The article reports on the findings of the study "E-Procurement: Trials and Triumphs" by Aberdeen Group company concerning the benefits of electronic procurement worldwide. It reveals that e-procurement improves cost savings, defines internal processes and enhance supplier relations. It claims...

  • Tech terms. Tabar, Pamela // Physician & Sportsmedicine;Sep2000, Vol. 28 Issue 9, e.MD p37 

    Defines information technology-related terms. Electronic commerce; Internet service provider; Search engine.

  • BERENS TO PROVIDE HIGH-SPEED INTERNET ACCESS TO ASIA.  // Worldwide Telecom;May2000, Vol. 12 Issue 5, p3 

    Discusses the intention of Berens Industries Inc., a provider of electronic commerce solution, to offer high-speed broadbrand Internet access to Asia from its office in Kuala Lumpur, Malaysia.

  • Out to destroy the dinosaurs. Rose, Barbara // Crain's Chicago Business;03/06/2000, Vol. 23 Issue 10, p4 

    Focuses on the business-to-business (B2B) electronic commerce service of application service provider BlueMeteor Inc. in Chicago, Illinois. Plans of proving viability of B2B electronic commerce in the state; Marketing strategies of the company; Competitors in the business; Speed as the chief...

  • E-fulfilment is delivering...  // Works Management;Mar2001, Vol. 54 Issue 3, p20 

    Focuses on the fulfilment of online ordering services in electronic business. Competence of online service providers in order distribution; Importance of order acknowledgment process in fulfilment planning; Considerations for accepting online orders.

  • Can you just ignore the Internet?  // Sell!ng;Oct2000, p1 

    Provides tips for business owners who are integrating electronic commerce into their companies. Ways the Internet has transformed Queensboro Shirt Co.; Things to look for in creating a Web store; Tips on comparing application service providers.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics