eFiles: January 1, 2001
For many fortune 500 companies, it's all talk and no walk when it comes to e-procurement.Companies Neglect E-Procurement For many fortune 500 companies, its all talk and no walk when it comes to e-procurement. In fact, fewer than one-third of Fortune 500 companies order strategic goods from online suppliers, and many have no idea how well their e-procurement systems perform, according to a study from Hurwitz Group Inc., in Framingham, Mass.
According to Hurwitz, most companies purchasing online are buying goods that affect them indirectly; in other words, maintenance, repair, and operational goods and services. Far fewer companies are using e-procurement to automate production or manufacturing processes and purchase direct goods. Thats because companies need to consider their business relationships and business models first.
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