The e-business paradigm has created a gigantic opportunity for firms to consolidate their procurement processes through application of Electronic Procurement. E-procurement has now opened new horizons for managing and operating businesses. It has enabled fast and low cost communications between businesses and their associate partners, they have increased the abilities of users to carry out their business activities and maintain commercial relationships in the most cost effective and efficient ways.
There is a need for analysis of what should and what should not be done electronically in the procurement process. An interesting twist is that the procurement of IT itself might be the most difficult case for e-procurement. E-procurement adoption has not always taken place smoothly, many obstacles, risks and inhibitors exist and firms might struggle to realise all of the potential benefits of eProcurement.
Key Question
  • Managers should be able to quickly understand and appraise procurement workflows of the entire procurement lifecycle. What are the most important skills required to manage the e-procurement process?
  • What do you consider to be the most difficult aspect of e-procurement? Are these procurement challenges holding your business back? How is your organization planning to overcome them?
  • Will broad availability and standardized forms for published specifications attract many suppliers? Will the process of evaluation take much longer in order to treat all bidders fairly? How can delays be avoided?

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