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Showing posts from July, 2019

Why You Need an E-Procurement Solution

 In a business environment,  procurement  refers to the sourcing of supplies and services through strategic selection and negotiation. Traditionally, the process of  procurement  happened through conversations and paperwork between vendors and purchase executives. Today, most of the  procurement  communication happens over eMail. Digital revolution has paved the way for  Electronic Procurement Solutions  also called  e-procurement solutions , that make purchase and sale of business supplies possible using information systems.  e-procurement solutions  overcome the limitations faced by eMail - some of which are: Unstructured communication No deadline tracking Person dependency No analytics Work eMail mistakenly treated as spam These are some of the challenges related to communication. But here, I would like to talk about more fundamental challenges faced by organizations not utilizing  e-procurement solutions ...