ADVANTAGES OF E PURCHASING SYSTEM

1) Reduced cost
E-purchasing can reduce cost by preventing duplicate spending, leveraging
volume buying, and saving the costs associated with paper-based systems
(for example, the cost of stamps to mail company paperwork ).

2) Increased Productivity
e-purchasing system is less time-consuming than traditional procurement..

3) Increased Transaction Speed

E-purchasing is both time-saving and efficient. As the electronic handling of
tasks supports and simplifies the purchasing process, transaction speed is
increased. Also, because of enabled relationships with suppliers, procurement
cycle times speed up. The system process eliminates unnecessary activities
that will make the company to focus on valuable task.

4) Standardized Buying
Conducting this system makes it easier for every department to conform to
company procurement standards.

5) Reduced Errors
With the system, past orders are more easily referenced, meaning there’s a
greater chance that the company can compare orders to ensure new ones are
correct.