Factors such as constrained budgets, leaner workforces, and having to “do more with less”, coupled with the necessity to report on value contribution, are all increasing the need for technology to help drive procurement transformation.
Which technology do you opt for though? An Enterprise Resource Planning (ERP) system or an eProcurement solution? What's the best option?
Since ERP systems exist to provide managerial oversight of organizational performance, they are designed with a small group of senior end-users in mind. Traditionally, this has meant that the various departments have had to use an ERP system in a 'one-size-fits-all' approach which sees teams forced to implement ubiquitous processes that aren't tailored to their department's specific needs.
So, whilst at first glance, Enterprise Resource Planning systems may get the attention of Finance and IT, the realities of associated cost, project length and lack of procurement functionality quickly become a harsh reality. However, companies are temporarily putting ERP systems on the back burner to make room for more nimble and leaner solutions, like eProcurement, that yield immediate results.
Discover the top 10 reasons for why ERP fails Procurement and how your companycan avoid them.
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