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E-procurement is no panacea.

Document Cited in Related
Vincent
AuthorHayward, Cathy
PositionBrief Article

The benefits of e-procurement can be huge savings, but experts warn that it has to be implemented correctly or it will never work.

E-procurement contributes savings to the bottom line, but it is not a general panacea, according to speakers at CIMA's hot topic forum on implementing e-procurement.

"The benefits of e-procurement are clear," said Claire Ighodaro, financial controller at BTopen-world and vice-president of CIMA.

"It can make huge savings for a company by reducing administration costs, such as purchase orders, and the price of goods purchased."

"But there's not a snowball's chance in hell of e-procurement working if you haven t sorted out your procurement processes first," argued Ralph Simpson, e-business project manager at Walker EMEA. "You need a procurement strategy and procedures in place before you introduce e-procurement, otherwise you're just introducing more complexities on top of a mess."

Des Quigley, procurement consultant at Halifax, who was part of the team which introduced e-procurement at the bank in 1999, agreed. "A successful e-procurement initiative should complement your existing systems...

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