As competition fuels the drive for business efficiency, companies are under increasing pressure to tightly manage their purchasing processes. Meanwhile, government institutions are also streamlining their procurement procedures in line with the move toward transparency. Aiming at tightly controlling its expenditures, organizations have to make sure that all their purchases follow certain guidelines while products and services are obtained from the best sources in terms of pricing and timeliness of delivery. From the origination of a purchase order to the receipt of the shipment, the entire process has to be automated and well-documented.

An e-Procurement can be linked to your warehouse management system to avoid reordering of products already available in stock. It also provides you with information on unit price, estimates, real cost and lists of prequalified suppliers. As the system is Web-based, it can be accessed from anywhere in the world and it provides your organization with access to global suppliers.

An e-Bidding or e-Auction facility may also be integrated in the solution to get the best prices. It allows your organization to better control its procurement and to work more closely with the best suppliers. In addition, by pooling all your procurement needs, your organization can leverage the large volumes of orders to get substantial discounts.