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E-Procurement Industry Professional Training Program-May 19-21th’11-IIT Kharagpur

4 April 2011 1,719 views One Comment

Why This Course
Procurement has long been an important function for most organizations; recently, it has assumed even greater power and prestige. It is used as a cost-cutting tool and contributes to increase the corporate profit, which is otherwise difficult under present economic climate with traditional increasing the sales approach. Online procurement (e-procurement) is a technology solution to facilitate corporate buying using the Internet and other Information and Communication Technologies (ICT). The advantages of e-procurement include reducing administrative costs, shortening the order fulfillment cycle time, lowering inventory levels and the price paid for goods, and preparing organizations for increased technological collaboration and planning with business partners. The potential is so great that e-procurement has turned the formerly looked-down-upon traditional purchasing function into a competitive weapon. Several major forces have combined to place e-procurement back on the front-burner of enterprises’ supply management strategies:

•Continued and growing cost pressures due to outsourcing.
•Consumerization of markets and globalization.
•Compliance issues with Central Vigilance Commission guidelines on negotiated contracts, reducing or preventing the “leakage” of negotiated pricing and increasing the spend visibility.
•Advances in supplier enablement through third party service providers
•Increased functionality from e-procurement solution providers
•New pricing models
All of these advances have helped move e-procurement along the maturity curve, making it easier and less expensive for enterprises to implement e-procurement technologies and gain the many potential benefits. Enterprises that have not deployed e-procurement, especially mid-market and small firms, now have the opportunity to take advantage of e-procurement technology without suffering much of the pain of the e-procurement “pioneers” who had to learn from past mistakes and, in some cases, wasted investment.

The objective of the program
The program aims to enhance the capabilities of the participants in

•Understanding the contemporary management practices in procurement
•Deciding on the e-procurement models appropriate for their business.
•Better knowing the technologies and commercial options available for e-procurement
•Better realizing and assessing the risks involved in e-procurement adoption
Who should attend

•The buyers interested to adopt e-procurement
•The buyers already adopted e-procurement and are not able to realize the benefits
•The vendors participating/to participate in e-procurement process
•E-procurement service providers.
•Others interested to enhance their knowledge in the area
Topics covered

•Comparing traditional procurement and e-procurement processes
•Benefits of e-procurement
•The strategic focus of e-procurement initiative
•E-procurement models and solutions
•Stages in e-procurement process
•Spend analysis
•E-tendering and reverse auction
•Contract Management
•Supplier evaluation and score carding
•Technologies, standards and solutions for e-procurement
•Risks associated with e-procurement
•Role of Government and legal issues
•Best practices


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One Comment »

  • Lotus Procure said:

    E-procurement is the new age procurement and has many advantages over old procurement service.

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