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How can companies adopt e-procurement with minimal cost and effort?

October 01, 2014 by Raheel Ahmad

Adopt e-procurement

Why do many small, medium and even large companies are yet to switch over to e-procurement even after, despite being aware of its proven benefits?

Recently there have been several studies that have tried to answer this very question. Almost all the studies reported similar findings. They found several main reasons as to why business organizations, especially small and medium enterprises (SMEs), have so far failed to transform their procurement methodology.
DeltaBid addresses these main reasons and shows how these challenges can be mitigated. This will help enterprises take advantage of the opportunity to adopt e-procurement tools. Let’s take a look at the challenges faced by organizations in the adoption of e-procurement and how DeltaBid can help in overcome them.

Procurement issues

 

The initial investment required for building up infrastructure

The first thing that generally prevents enterprises, especially SMEs, from adopting the e-procurement is the initial investment required for building up infrastructure. With DeltaBid’s state-of-the-art infrastructure, which uses the latest cloud computing technology, the initial user investment to build a platform is virtually zero because the platform is already there. The only cost that the user needs to pay is the license fee for using the platform, starting at US$75 per month.

Secondly, enterprises want a simple solution that meets their requirements without spending too much time or money on training employees. Most available e-procurement solutions are too complex; they are designed to meet the needs of large organizations. Therefore, it becomes difficult to use them without extensive training. DeltaBid offers the easiest-to-use procurement platform. Users can be trained within just a few minutes so long as they already know how to use email and the Internet. DeltaBid’s tagline says it all: “as easy as email.” It’s the first choice for the SMEs around the world.

Issues regarding the costs of software and hardware upgrades

Another issue that deters companies from adopting e-procurement is the cost of software and hardware upgrades. With most solutions, frequent upgrades are a must since technology changes rapidly. If the upgrades are not done, companies may have compatibility issues, and the user may end up either in not being able to use the solution properly or not being able to use it at all. While using DeltaBid, users do not have to worry about upgrades, guaranteeing continuous service.

Because they have so many other issues and priorities, companies find it difficult to get into the time-consuming process of developing a customized online solution for their procurement needs. This means they are forced to continue using archaic procurement tools and methods. But in reality, there is no need to spend time on developing a solution when one already exists: DeltaBid. Developing a customized e-procurement solution would be like reinventing the wheel!

Compliance and data security

Compliance and data security are also big concerns for companies of all sizes. The already overburdened purchase function struggles to keep track of emails, physical documents, comparative statements, spend data, vendor details, etc. DeltaBid’s online platform takes the hassle out of manual tracking RFPs, RFQs and proposals. All your data are securely stored in one place, and you can easily access it anytime anywhere simply by logging into your DeltaBid account. It’s the same process you use to check your email.

If you are a small, medium or even large enterprise, why should you worry when you have so many reasons to relax? It makes a perfect sense to start using DeltaBid now. Get a Free Trial today!

Raheel Ahmad

Written by Raheel Ahmad

Raheel is an APICS certified supply chain professional with around 15 years of experience. Basically a Mechanical engineer, he also holds an MBA degree and has worked with several small, medium as well as large enterprises including Fortune 500 companies. He loves to travel around the world but currently lives in India with his wife and two kids.

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