Procure to Pay
Are you Thinking about Online E-Procurement? As Manager of Sourcing Contracts it should be!

Strategic souring is a major factor in an organization’s effectiveness to keep operational costs down. Companies and other organizations are looking at every nook and cranny to minimize their spend and ensuring that all constituents are utilizing the enterprise contracts are critical to this strategy.
The purchasing department is being squeezed to do more with less and it is crucial that processes and tools are re-evaluated to maximize the resources that are left. Companies from the heartland to the Northeast, need to trim budgets and drive contract compliance.

As a manager of sourcing, your role has traditionally been focused on driving the best price for your stakeholders. Unfortunately, the organization may span multiple locations making it difficult to disseminate these contracts and measure the spend against them. E-procurement and e-sourcing systems are crucial in achieving these goals regardless of the size of the organization.

With the proper e-procurement and online sourcing tools, you will be able to manage these processes more efficiently and are able to set up contracts for the purchasing process more effectively and in less time. Your ability to present these contracts as online catalogs can be easily done through these integrated tools using the internet as the access vehicle.

If your current purchasing processes are cumbersome and lack effectiveness, then it is critical to look into these types of tools.  Managing your suppliers to get the best price is only half of the equation. If your contracts are not utilized as a major source for company’s purchasing model, you may be wasting hundreds of thousands of dollars.
In summary, the traditional procurement manager that owns sourcing as

well should be looking into e-procurement and e-sourcing solutions as a key strategy for the company to be more effective in saving  money across the enterprise.