ERP eProcurement

eProcurement is the business to business or business to consumer purchase and sale of goods and/or services via the Internet. eProcurement software automates a significant part of this buying and selling process and is increasingly being integrated with supply chain management or composite ERP software. The advantages of investing in such software, if properly applied and managed, include:

• Lower prices through reduced transaction costs
• Accelerated exchange of value items
• Improved inventory control (and lower inventory costs) – facilitating JIT and real-time analysis
• Improved manufacturing cycles
• Reduced purchasing agent overheads
• Streamlined communication and interaction between buyer and seller
• Tracking and traceability of all bids and transactions, including pricing and agreements, making it easier to focus on only the most lucrative trading partners and contracts
• Purchase pattern and trend monitoring
• Information search – ability to publish invitations to tender and bids

M4 Systems offers eProcurement architecture as part of a composite ERP system (Microsoft Dynamics GP) with - Requisition Management for Business Portal and ReQlogic. Please follow these links for more information.