Perspective Newsletter

Perspective
Newsletter

If you would like to receive Perspective - our monthly newsletter – which brings you all of our latest news and views as well as interviews and opinion pieces then please follow the link below...

Read more

UK firms 'not taking full advantage of e-sourcing'

8 August 2012

British companies are yet to take full advantage of the benefits e-sourcing tools can provide in terms of improving procurement processes.

This is according to a new report from consultancy firm State of Flux, which has found that this technology is currently underutilised, despite being available for around 15 years, reports Supply Management.

It means firms are not gaining the benefit of savings in excess of 20 per cent, which can be provided by e-auctions when used correctly.

Of those polled, around 62 per cent said they have utilised e-sourcing tools for less than five years, while 70 per cent have never used contracting functionality due to their perceive complexity, as well as a lack of investment in training for end users.

Dominic Hastings, executive consultant at State of Flux, said: "The money and effort put into acquiring the tool is usually far greater than the investment put into embedding processes, communication and training, to ensure efficient and effective utilisation of the tool."

In June 2012, Chartered Institute of Purchasing and Supply representation manager Emma Scott called on British businesses to embrace mobile technology and real-time information as another method of improving procurement efficiency.

Odgers Interim are UK leaders in Interim Management solutions for the Commercial Sector. We have offices in London, Birmingham, Leeds, Manchester, Glasgow, Aberdeen and Cardiff as well as over 50 offices globally. We are the only Interim Management providers who are part of a top tier international executive search firm. We work closely with our executive search colleagues to find candidates who can offer short term solutions with long term benefits. www.odgersinterim.com


Categories: Functional Practices, Procurement & Supply Chain

Comments

No comments have yet been posted, be the first to comment by using the form below:

*
* CAPTCHA
*