E-Procurement and Knowledge Management

What are the five key challenges in the procurement functions?

• Reducing order-processing costs and cycle times

• Providing enterprise-wide access to corporate procurement capabilities

• Empowering desktop requisitioning through employee self-service

• Achieving procurement software integration with back-office systems

• Elevating the procurement function to a position of strategic importance within the organization

What are the efficiency benefits of e-Procurement?

• Lower procurement costs

• Faster cycle times

• Reduced maverick or unauthorized buying

• Well-organized reporting information

• Tighter integration of the procurement function with key back-office systems

What are the effectiveness benefits of e-Procurement?

• Increased control over the supply chain

• Proactive management of key data

• Higher-quality purchasing decisions within organizations

What is the role of a buyer consortium in procurement?

• A group of large companies combine their buying power to drive down prices

• An industry's traditional leaders have advantages over startups

• Example of an oil and gas industry consortium

What are the critical process flows in e-Procurement infrastructure?

• Integrating Ordering

• Fulfillment

• Payment

What are the objectives of market analysis in procurement planning?

What are the business objectives of Chief procurement officers (CPOs)?

• Leveraging enterprise-wide buying power

• Quick results and low risk

• Supplier rationalization

• Cost reduction by automating best practices in strategic procurement

What is the job of applications known as business intelligence (BI)?

• Converting data into knowledge

• Providing a channel for business partners

• Selling proprietary e-business technologies

• Offering subscription-based content

What are the steps in the roadmap for e-Procurement?

• Clarify Your Goals

• Select an e-Procurement Application

• Construct a Process Audit

• Develop a Supplier Integration Matrix

• Create a Business Case for e-Procurement

What are the elements of Business Intelligence Applications?

• Data/content organization and collection

• Analysis and segmentation

• Real-time personalization

• Broadcast, retrieval, and interaction

• Performance monitoring and measurement