Authored by Junaid Khan
Few
years ago the word “e” was known as an alphabet, and now a day it is crystal
clear that the so called alphabet known as “e” has played a vital role in the
transformation of world’s largest companies. Many researches show that “e” has
brought a revolution in the success stories of many companies. By placing “e”
in any process just like, eProcurement, eCommerece, eBusiness, eMarketing,
eTrade, eBilling etc, open magical doorsteps of success and saving and boost
the financial values of organization in current era. But the development
of eProcurement strategies are not as simple as placing a simple word e in
front of old procurement strategies or function performed with in the
organizations. For transformation of a conventional procurement practices into
eProcurement process, a strategic strategy should be designed in an automated
manner which integrate all process, technology and other resources that built
an infrastructures of organizations and also strengthen to achieve the overall
objective of organizations.
For
a strategic transformation of procurement process, mainly three steps are
required to be followed.
Step
1: It is very important to understand
the concluding objects of initiative.
Step 2:
Organization must have a clearly defined strategy to reach the final objective,
with certain process to measure that how well every stage succeeds in reaching
the required results.
Step 3:
It is compulsory to select the right solution according to the need of an
organization and better increase proficiency ultimately.
When
decision is locked to invest in eProcurement system, the first question which
raised is the selection of eProcurement system. In initial stages it is very
difficult task for selection committee members to finalize a system. In other
scenario it is very easy to finalize a decision if need requirements of
organizations are clear.
