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e-Procurement is the management of the transactional purchasing process. It is relevant for organizations with a large indirect spend of over $100m and very relevant for companies spending $500m to $1bn in indirect spend. If companies also have a scattered supply base, a large proportion of spend which is not on an ERP system and purchasing compliance issues or a desire to standardize the purchasing process, e-Procurement is a solution companies should consider.
e-Sourcing, on the other hand is a technological solution for the sourcing of supply through RFI, RFQ and RFP, contracting for this supply with the selected providers and the management of the relationship to ensure contract compliance, performance improvement and to track savings.
Benefits of implementing an e-Procurement system include:
e-Sourcing provides companies with a tool to manage their sourcing process quickly and efficiently at reduced cost and to ensure that suppliers continue to meet the business requirements.
QP Group and its alliance partners have years of experience in e-Procurement and e-Sourcing solutions which have benefited many companies. We can provide both full in-house systems and an ASP Model solution; support you in strategy development, system selection, implementation and leverage.
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