EProcurement for any ERP
(.NET Technology)
E-Procurement as an add on module in an ERP system copy great, but is it worth it? The fact of the matter is that an ERP system is not designed for everyone! ERP systems have evolved into complex systems catering to the needs of the Finance and Accounts departments in an organisation.
Affordable: ERP systems can be very costly. Add to this customisations, upgrades, maintenance and you know that you will have to shell a lot of money. E-procurement systems come at a fraction of the cost of ERP.
E-procurement in the procurement cycle
E-sourcing supports the specification phase; it identifies suppliers that can be used in the selection phase.
E-tendering supports the selection phase; it facilitates the REOI and ITB/RFP activities, usually including support for the analysis and assessment activities.
E-ordering and web-based ERP is the process of creating and approving procurement requisitions, placing purchase orders.
E-informing is not directly associated with a phase in the procurement process; it is the process of gathering and distributing procurement information.
E-reverse auctioning supports the contract phase; it enables closing a deal with a supplier.
Here’s why you need an independent e-Procurement System rather than an ERP system
Affordable: ERP systems can be very costly. Add to this customisations, upgrades, maintenance and you know that you will have to shell a lot of money. E-procurement systems come at a fraction of the cost of ERP systems.
Faster Implementation & Quicker Returns: Deploying a dedicated and independent e-procurement system helps firms to cut down on costs and benefit from controlled spending sooner than later. An independent e-Procurement system is implemented within weeks.
Spend savings. E-Procurement systems help firms to use strategic sourcing leading to spend savings by cutting down on maverick spending. Employers can identify areas for improved efficience.
Seamlessly Integrated to meet all Functionalities: ERP systems, traditionally, are designed for private sector enterprises. They do not possess the functionality required for meeting government policies and processes.
Managing procurement and tenders are very time consuming exercise with a lot of paper work is involved. Manual systems have some merit but are prone to errors and cannot deal with growing volumes of tenders to be managed by both buyers and sellers.
The complete end to end E Procurement Software Solution, which helps a company to effectively manage complete life cycle of a Tender starting from purchase indent to Purchase order through all process like Vendor Registration, RFP, Tender publishing, Online Bid acceptance and Tender evaluation.
Optimizing supply chain mechanisms and automating business processes for online procurement by using the right e procurement system helps lower transaction costs and significantly decrease supply chain risks. Build strategic partnerships by working closely with you suppliers and creating more transparent relationships.
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