e-procurement supports supply chain integration

By Staff -- Modern Materials Handling, 1/1/2000

A 1999 Deloitte Consulting survey of over 200 global corporations finds that four out of the top five strategic objectives for e-business revolve around supply chain and procurement processes. Although e-procurement has only been in existence for a few years, it's quickly becoming a business standard, says the survey. Industries with the highest adoption rates of e-procurement systems and services include high-tech manufacturing, with new growth expected from general manufacturing. Companies plan to use best-of-breed and enterprise resource planning (ERP) systems for their e-business procurement solutions. And although the average company will spend between $2 million and $4 million to implement e-procurement, the study finds that the return on investment for e-procurement averages an excess of 300%.

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