Best practice process can cut time and costs by half
3 April 2012
Best practice e-procurement processes can more than halve purchasing time and costs, according to the second phase of a CIPS-sponsored project.
The total “procure-to-pay” process can be cut by 59 per cent in terms of both time and cost, responses to the self-diagnosis toolkit, I-Save, suggest.
I-Save was set up last year by Oracle in collaboration with CIPS, consultancy KPMG and the Bristol Business School. It is intended to allow purchasers to build solid business cases for e-procurement based on...