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Chapter 10. Demystifying e-Procurement: ... > A Roadmap for e-Procurement Managers

A Roadmap for e-Procurement Managers

Managing a procurement chain is a little like playing chess. There are many components on your procurement chain chessboard, and you must move all of the pieces strategically to win. In this section, we look at the key pieces in the procurement chess game.

Chief procurement officers (CPOs) are looking to deliver the maximum business impact at the lowest possible cost. The business objectives of CPOs are fourfold: (1) leveraging enterprise-wide buying power, (2) quick results and low risk, (3) supplier rationalization, and (4) cost reduction by automating best practices in strategic procurement. To achieve these goals, CPOs are coming to the conclusion that e-procurement is where the action is. Simple in concept, e-procurement applications are powerful when applied to the large number of products and services that companies buy. Consolidating the buying of these items and rationalizing the procurement chain can add tens to hundreds of millions of dollars directly to the bottom line. Take this systematic roadmap with you on your journey to e-procurement success.


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