---

E-procurement as a Supply chain solution

---

In fact, some of the advantages of a e-procurement solution include:

1) Data analysis and reporting- data from several purchasing systems into one database for better enterprise analysis. This helps identify supplier’s performance and also negotiate for better pricing.

2) The returns of inventory or expensed items for replacement or credit can be processed and change of request can be issued after issuing a purchase order.

3) The cost of integration can be reduced and content management hassles can be resolved.

4) Complete records of the products and the services purchased can be captured and maintained for reference.

5) Helps achieve globalization as multilingual and multi-currency functionalities can be gained.

6) A complete e-procurement solution supports multiple tax methods, including VAT (Value added tax) and sales/use tax.

7) Helps achieve better workflow and order tracking as the solution helps create sophisticated workflow rules for approval or notification within your enterprise.

8) The e-procurement solution will be able to track the full business cycle of requests starting from initiation to final payment.

9) Receiving supplier notifications, returning items to suppliers for credit, exchange or replacement, etc.