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Implementation of eProcurement Technology

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... team needs to keep up with the emerging trends of technological advancements ... Company was struggling to process requests in a timely fashion ... – PowerPoint PPT presentation

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Title: Implementation of eProcurement Technology


1
Implementation of eProcurement Technology
  • Procurement FAG 13
  • Laura DeLuca
  • MilkyWay Phan
  • Rahul Bhardwaj
  • Joanne Behne
  • Tebogo Phala

2
Staying Ahead of the Game
  • Since petPRO has gone e, the procurement team
    needs to keep up with the emerging trends of
    technological advancements
  • Procurement operations must be updated, hence, we
    need to implement eProcurement!

3
Software Category Chosen eProcurement
  • What is eProcurement?
  • A technology that helps automate every aspect of
    the procurement department
  • Provides accurate and real time services that
    allow us to make quick decisions in the best
    interest of the company
  • How will it help the procurement department at
    petPRO?
  • Improves collaboration and negotiations between
    different suppliers
  • Allows us to compare different supplier prices
  • Saves time and money
  • Allows maximum efficiency

4
Potential Software Providers
  • Epiq Technologies and PurchasingNet eProcurement
    are applications that would help petPRO employees
    by
  • Improving purchasing processes
  • Streamlining transactions through automation
  • Simplifying tasks
  • Allowing access to real-time data and procurement
    information

5
Software Evaluation Comparisons
6
Rating Requirements
7
Rating Requirements
  • PurchasingNet ranks
  • higher than EPIQ in the security, user interface
    and vendor capability requirements
  • Equal to EPIQ in the functional requirement
  • Lower than EPIQ in the tech requirement

8
Our Choice PurchasingNet
  • locks down the time frame and cost to get
    software up and running
  • Most implementations take a short 6-12 weeks
  • With over 1400 total customers, PurchasingNet has
    the largest installed base and most successful
    track record of any procurement software company
    in the world
  • Customers typically realize annual savings of
    5-15 of their current annual purchase
    expenditures
  • Over 75 mid-sized to large companies have
    implemented PurchasingNet-SQL successfully during
    the past 4 years.

9
Success Story of PurchasingNetWarner Bros.
  • Background
  • Company was struggling to process requests in a
    timely fashiondue to some very unique business
    requirements
  • They needed a procurement system that would
    provide them with a solution that was easy to use
  • The Implementation of PurchasingNet
  • Up and running in 2 months
  • Allowed 7 levels of approval process within 4
    hours to a maximum of 2 days
  • 4-8 purchase price reduction
  • 99 reduction in Maverick buying
  • Relation to petPRO
  • Our company also wants to achieve similar goals
    as Warner Bros such as -controlled
    spending
  • -streamlined
    procurement processes
  • -improved cycle time
    of requests

10
Our Conclusion
  • PurchasingNet has proven to be successful in a
    variety of industries
  • The company has established strong brand equity
    through many successful case studies
  • Is a highly reputable company

11
On the Trail to Success!
Al Pilcher
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