eProcurement
What are the traditional eProcurement methods? What are their pros and cons? According to Claritum, a traditional procurement process is characterised by manual events, including many small, repetitive tasks (from approvals, writing RFxs contracts, negotiations and discussions of bids). Typical phone calls between a buyer and a seller are time consuming and can take an average of six minutes per call for basic interactions Time consuming and expensive in resource terms Managing the approvals, invoices and bills on paper is both wasteful and costly and of course prone to errors and loss of paperwork Sufficient people in demand to manage the processes, with business expansion resulting in a direct correlation to increased headcount History of eProcurement 2001: Zeborg, later acquired by Emptoris, along with Verticalnet and Softface, later acquired by Ariba, adopted the first "automated spend analysis" application 2002: - Aentropy, later acq