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%.

Talkback

We would love your feedback!

Post a comment

» VIEW ALL TALKBACK THREADS

Related Content

• Topics
• Author

Related Content

• Retail industry: Top practices, issues and metrics
  
• Bardwil sets table for seasonal success
  
• U.S. productivity demand points to materials handling investment
  
• Tier II adopts technology, warehouse management systems
  
• Supply chain lessons from the iPhone
  

By This Author

• Forklift makers practice what they preach
• Car makers to cut costs with RTLS/RFID combo
• Impinj acquires Intel RFID chip business
• Warehousing: inventory and prices up
• Plastic container prices rise
• » MORE

Sponsored Links