Wednesday, August 25, 2010

E-Procurement Systems - Why You Should Start Connecting to Today

Want a piece of a multi-billion dollar sales pie? The one served up by the tens of thousands of buyers who make the purchases for Fortune 500 companies and huge government organizations? Then it's time to connect to the world of e-procurement.

It used to be complicated, difficult, and horribly expensive to play the e-procurement connection game. But as Bob Dylan said, "The times, they are a changin'".

What is e-procurement, why does this challenge exist in the first place?

E-Procurement systems are vastly complex, enormously expensive software applications that allow large organizations to ensure that buyers make all their purchases in the same way.

This has several benefits,including:

* Saves buyers time and effort
* Allows management to control purchasing budgets and eliminate maverick spending
* Allows purchasing to interface with other systems within the company including inventory control, shipping and receiving, and accounting

While these systems are a great boon to the company that invests in them, they create a problem for vendors like you and the buyers who need your products and services. That's because e-Procurement systems are internal to the company.

That means that buyers now have a daunting task; get supplier information - like products, prices, and ordering methods -- into their e-procurement system.

That also means the suppliers who want to do business with a company that uses an e-procurement system have to find a way to 'plug in' to their system.

That's exactly why the businesses that have already figured out how to do that are the ones who get the lion's share of these enormous sales. Just take a look at these supply categories and the companies who dominate them:

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