IMPORTANCE OF HAVING AN APPROPRIATE E-PROCUREMENT PLATFORMS

1. There is open room for other programs to be built.
2. There is improved workflow of the internal procurement process. This enables end user self-service with controls through company specific catalogues.
3. It enables automatic processing of electronic orders and related trading documents thereby enhancing the speed and certainty of doing business at a lower total cost.
4. It enables new functionalities e.g. E-request for quotation and online bidding in auctions
5. Improvement in supply mechanism leading to mutual benefit for all using e-procurement
software
6. Connectivity to external supply chain through use of extranets, EDI, e-market places etc. allowing shared real time information e.g. Suppliers lead time, sales
7. Improvement in localized supply chain and consortium leading to mutual benefit however, it requires an appropriate infrastructure e.g. internet