X
Software Functionality Revealed in Detail
We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.
Get free sample report

Compare Software Solutions
Visit the TEC store to compare leading software solutions by funtionality, so that you can make accurate and informed software purchasing decisions.
Compare Now
 

 definition procurement


IT Services E-Procurement
E-procurement is not just for goods and material. The market now offers IT services e-procurement solutions that open access to service sources and seek to

definition procurement  heavier focus on requirement definition, RFP generation, and project management. These six solutions also differ in the type of IT service they focus on. For example, CoFix focuses on IT maintenance services for small to mid size organizations while IQ4hire focuses on large complex IT projects. Most of these solutions attempt to create a service marketplace by providing access to a service supplier network. Three components can comprise the network: the solution provider's network, the organization's

Read More


Software Functionality Revealed in Detail

We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.

Get free sample report
Compare Software Solutions

Visit the TEC store to compare leading software by functionality, so that you can make accurate and informed software purchasing decisions.

Compare Now

E-procurement RFI/RFP Template

Buying Entity Features, Selling Entity Features, Consulting services, Marketplace, Asset Management, Product Technology  

Start Now

Documents related to » definition procurement

Software Evaluation, Selection, and Procurement Part Two: Recommendations for Improvement


Pursuing an alternative strategy for software evaluation and selection, based on the capital investment paradigm and the principles outlined in this article, is an effective method to mitigate implementation risk.

definition procurement   Read More

Procurement: A Strategic Lever for Bottom-line Improvement


Companies are successfully realizing benefits from their procurement initiatives, and viewing procurement as an integral part of their overall corporate strategy. They no longer perceive procurement as a cost center, but rather as a strategic lever for improving profits or funding new initiatives. Procurement opportunities are significant—translating directly, with no dilution, into measurable, hard dollar profit increases.

definition procurement   Read More

Discovering and Creating Value in Procurement through Continuous Assessment and Innovation


Improvement is not simply an idea: it is a process. And processes without frameworks are recipes for underachievement, or worse, chaos. For this reason, value leakages in procurement functions must be resolved in a systematic, progressive, incremental, and formalized manner.

definition procurement   Read More

Measuring the Supply Chain Outside Your Enterprise


Since supply chains, by definition, are about the end-to-end inter-enterprise process, we highlight the growing importance of looking outside your four walls when thinking about supply chain performance management. If you are overwhelmed by the number of supply chain measures you are tracking, it’s better to focus your energies on a few that can have a significant impact.

definition procurement   Read More

Competuition: Teach Competition to Your Procurement Process


High-profile corporate scandal has resulted in laws such as the Sarbanes-Oxley Act, to monitor business practices. To help safeguard against unethical practices during procurement, entities are also adopting elements from the US Federal Acquisition Regulation (FAR).

definition procurement   Read More

Macola ERP Supply Chain Management (SCM)


The definition of a successful manufacturing enterprise is one that builds the right products, at the right time, for the right price. That’s why so many manufacturing companies today are focused on managing the entire value-added chain, from the supplier to manufacturer, right through to the final customer. Supply chain management (SCM) has one overriding objective: to get more throughput from existing resources. SCM functionality helps companies reduce inventory, increase the transaction speed by exchanging data in real time, and increase sales by implementing customer requirements more efficiently. Through the use of portals, Macola ERP SCM users can collaborate with customers and see a real-time view of activity across the organization. It starts with the ability to accurately forecast customer demands, and continues with effective planning and scheduling of the flow of materials through the enterprise, to assure on-time delivery and maximum discounts from suppliers. The vendor's solutions enable users to track orders from beginning to end, right out to the customer. And users can make changes on the fly. All corporate information is located in one database, saving employees valuable time when looking for information. Drill-down reporting and analysis is at your fingertips, keeping the process running smoothly. Users can manage customer expectations by providing realistic product delivery dates based on actual and planned material availability, current production capacity, and vendor lead times. Exact provides the tools to evaluate options for expediting materials or adding capacity to meet a requested date, or to propose alternate delivery options when it is not possible to meet the customer’s requested date. Out-of-stocks and excess inventory can be avoided through recommended job and purchase order processes. Users can purchase materials “just-in-time” relative to the live production schedule.  

definition procurement   Read More

Basware


Basware provides open, secure, cloud-based purchase-to-pay and e-invoicing solutions to organizations of all sizes, for greater efficiencies in procurement, accounts payable, and accounts receivable. Basware was founded in 1985 and is headquartered in Helsinki, Finland. With a deep knowledge of B2B financial processes with intelligent cloud connectivity Basware connects millions of business users in 900,000 companies across more than 100 countries.

definition procurement   Read More

Commerce One: First SAP, then Microsoft. But What About Clarus?


Commerce One announced an expanded partnership with Microsoft. Will e-procurement be an integral part of your next operating system?

definition procurement   Read More

New Dimensions in EC and SCM Part 5: E-Procurement for Process Improvement


From point-and-click ordering using Web-based catalogs of individual suppliers, to marketplaces that bring together in one place the products or services offered by multiple suppliers, to live auctions that determine the lowest-price bidder — there is a wide range of new e-procurement methods and tools to help businesses buy goods and services better, faster, and cheaper.

definition procurement   Read More

i2 Buys RightWorks, Deals Blow To Ariba, Manugistics


i2 buys e-procurement vendor RightWorks as it and old supply chain rival Manugistics increasingly find themselves fending off new challengers. Shared adversity can sometimes make enemies into allies. But in this case…

definition procurement   Read More