Straregic sourcing and e-procurement are major new areas of potential performance improvement. How have they added value ?

Technology solutions are revolutionizing the way companies are interacting with their suppliers, allowing organization to realize important saving from demand and use of more efficient procurement processes. And as B2B drives the marketplace, E-procurement solutions are increasing. This increased focus on E-procurement solutions and capabilities has changed the traditional purchasing function. E-Sourcing opportunities provide competitive advantage by significantly influencing the price and quality of purchased materials and services, as well as improving supply chain …

…conclude, by combining Strategic Sourcing with the technological capabilities of E-procurement, companies can achieve optimal results. Then it can result in savings of 18-25%. With E-Procurement, strategic sourcing benefits are enhanced, providing the opportunity to effect a complete procurement transformation. SOURCES: Gower handbook of Supply Chain Management - J. L. Gattorna The strategic source .com "Procurement's E-Maturity Throes" By Bruce Hudson, International Program Director, META Group Denali Consulting Gartner : "E-procurement" Henrik Zangenberg www.joc.com