Leveraging digital procurement tools to enable procurement excellence

Efficiency, accuracy, and
 clarity

Procurement digitalisation integrates and synchronises processes, which increases efficiency and accuracy—enhancing quality.

Clear channels of
 communication

Digitalisation pushes for clear communication with improved visibility and transparency. This tends to increase accountability and stakeholder outlook.

Lower and better cost
 management

The overall effects of digital procurement are build-ups in quality, clear communication, and low monotony in processes, which pushes costs down.

Ability to gain a competitive edge

It enables businesses to grasp unique selling propositions in terms of marketing and service provision to win over consumers from competitors.

e-Sourcing

This is the usage of software to identify, evaluate, and choose the appropriate supplier to engage with, to comply with organisational and stakeholder needs.

e-Auctioning

This is the management of online auctions to aid in the choosing and finalisation of adequate suppliers that can meet quality requirements set by the company.

e-Tendering

The process of using procurement software for selling and buying bids, advertising, consolidating suppliers, and establishing supply schedules and contracts.

e-Ordering

This is when purchase orders are formulated with deep analysis and monitoring of demand, stakeholder behaviour, and inventory and stock management.

e-Catalogue

This is where the company puts out their products and services online, giving it a digital presence and the ability to reach a wide consumer base.