Major firms failing to make big e-procurement savings_2
19 July 2012
Most of Britain’s prestigious blue-chip companies have failed to achieve more than 5 per cent savings through e-procurement, adding to fears that it may not be a panacea for improving low-value, high-volume buying.
The preliminary findings of a survey to be published in May by research organisation Business Intelligence, in association with e-procurement software provider Ariba, found that just over 70 per cent of respondents made savings of up to 5 per cent.
Only a fifth of companies had managed up to 10 per cent savings, the report noted.
Nevertheless, the 200...