Systems must pay for themselves in a year

16 November 2000
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16 November 2000

Four out of five senior purchasing professionals say e-procurement systems should pay for themselves within a year, according to a new survey.

The survey, carried out for TomorrowFirst, an e-procurement solutions provider launched last week, found that more than three-quarters of those questioned believed such systems were crucial to remaining competitive.

Most said they would consider outsourcing purchasing activities relating to indirect spend. And more than 90 per cent said they wanted to spend their time negotiating deals and managing relationships with suppliers.

All but one of the 50 heads of purchasing answering the survey said it was important for a vendor to have consultants with relevant purchasing experience to design and implement an e-procurement system.

George Cooper, chief executive of TomorrowFirst, said: "The research shows that the market has reached new levels of maturity and sophistication and a readiness to outsource more and more business processes."


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