What are the advantages of e-procurement compared with traditional procurement

The advantages of e-procurement over traditional procurement are as follows:

More efficient procurement process: e-procurement system can automate the procurement process, including inquiry, price comparison, bidding, contract management, etc., and reduce the manual operation, thus improving the efficiency of procurement and responsiveness.

Lower procurement cost: through online bidding and supplier tendering, e-procurement system can obtain more favorable prices and quality suppliers, thus reducing procurement cost.

More Transparent Purchasing Process: With e-procurement system, suppliers and purchasers can track the purchasing progress in real time, reducing communication and information asymmetry, thus enhancing the transparency of the purchasing process.

More standardized supplier management: The e-procurement system can better manage supplier information, including supplier evaluation, contract management, etc., thus improving the efficiency and quality of supplier management.

More Convenient Purchasing Process: With the e-procurement system, purchasing personnel can carry out purchasing operations anytime, anywhere, regardless of time and location, thus improving the convenience of the purchasing process.

Overall, e-procurement can better improve the procurement efficiency, reduce procurement costs, enhance the transparency of the procurement process and the standardization of supplier management than traditional procurement, thus helping enterprises to better manage the procurement process and improve the level of procurement management and competitiveness.

Introduction of commonly used e-procurement systems

More and more forward-looking companies are choosing to optimize their procurement processes by adopting the 8Manage SRM e-procurement system. 8Manage SRM system can closely track and manage every aspect of the procurement process, from demand to delivery, and scientifically control the procurement process to ensure that the company's procurement process is optimized. The 8Manage SRM system can closely track and manage every step of the procurement process, from demand to delivery, and scientifically control the execution process to ensure that every step of the procurement process is fair and transparent.