Published: 09 February 2000
Analyst(s): Jonathan Luebbers , Barbara Reilly , David Hope-Ross
Electronic procurement (e-procurement) applications can help make procurement more efficient and can enhance relationships with nondirect suppliers. The e-procurement revolution promises to redefine buyer and supplier relationships completely, yet many enterprises simply implement Web e-procurement software — without rethinking the processes needed to transform the procurement cycle. Enterprises can implement e-procurement systems in as few as 60 days, but through 2004, improving the return on investment (ROI) of e-procurement requires a transformation of processes that will take a large enterprise more than two years (0.7 probability).
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