Accountability, competitive supply, consistency, effectiveness, value for money, fair dealing, integration, integrity, informed decision making, legality, responsiveness, transparency.
Advantages and disadvantages of e-procurement?: Advantages:
- Automate procurement process
- Centralised transaction tracking
- Simplify reporting and contract compliance
- Reduce delivery times
- Shortens procurement cycle
- Optimise and increase the efficiency of procurement teams
- Saves cost and limits maverick spending.
Disadvantages:
- The installation and integration of an e-procurement application with other enterprise back-end systems is just one potential obstacle in the way of successful implementation.
- Another obstacle is getting workers to use it. To ensure a smooth transition to the new online system, businesses must also collaborate with suppliers.
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