15 September 2008
Compliance is the number one driver for firms to start using e-procurement, a survey has found.
The E-Procurement Benchmark Report, published by Aberdeen Group, revealed 54 per cent of 400 global firms surveyed ranked increasing compliance as their number one priority for introducing electronic purchasing.
This was followed by achieving lower process costs, at 41 per cent, and reducing the amount of maverick spend, at 38 per cent.
The study also found that compared with last year e-procurement was becoming cheaper and quicker, increasing spend under management and further reducing maverick buying.
The cost of e-procurement purchasing processes has fallen from $31 (£18) in 2007 to $26 (£15) this year. This compares with $51 (£29) when using traditional processes. Supplier adoption rates of the technology have also increased from 52 per cent in 2007 to 63 per cent in 2008.