what benefits and risks are associated with your e-procurement system?
310690
Relevance risk because the integration required may not deliver the "right data/information to the right person/process/system at the right time to allow the right action to be taken"; Integrity risk in the areas of user interface, processing, error processing, and interfaces; Access risk because of the dramatic ...
514461
['Boost in sales through better knowledge of customer needs.', 'Higher efficiency of business processes by eliminating duplication and junk data collection.', 'Compliance and data security through standardisation and centralisation of data.']
437877
e-Supply chain refers to the business activities that incorporate e-business. approaches into supply chain processes. e-Supply chain management involves. applying e-business technologies to assist and optimize value-adding activities in. supply chains.
484008
['Improved security and compliance. One of the great advantages of an electronic filing system is having the ability to keep files indexed. ... ', 'Instant file retrieval. ... ', 'Disaster resistance. ... ', 'Eliminate paper, save money.']
597008
["Advantage – Cost Reduction. It's a basic financial principle that profit comes from making more money than you spend. ... ", 'Advantage – Security. ... ', 'Advantage – Reliability. ... ', 'Disadvantage – Downtime. ... ', 'Disadvantage – Security. ... ', 'Disadvantage – Cloud Service Closes Shop.']
1166124
['About Supply Disruptions. Business experts define supply disruption as any unforeseen event that disturb the normal flow of goods and materials in a supply chain. ... ', 'Financial risks. ... ', 'Scope of schedule risk. ... ', 'Legal risks. ... ', 'Environmental risk. ... ', 'Sociopolitical risk. ... ', 'Project organization risk. ... ', 'Human behavior risk.']
1399669
The role of both procurement and sourcing is to obtain supplies at the lowest possible price, but sourcing strives to add value to the supply chain. ... The advantages of a multiple-sourcing strategy include lower costs due to competition and uninterrupted supplies when there is a problem with one of the suppliers.
676296
['Increased reliability of equipment and production lines.', 'Improved OEE through reduced downtime and improved performance.', 'Improved productivity.', 'Reduced risk in various areas including product availability, marketplace reputation, and more.']
324230
One of the most important functions of the procurement department is to purchase goods, services or works from external sources. It plays a vital part in the company's overall business strategy as it requires strategic planning to acquire these things at the best possible cost.
505150
['Cybersecurity. ... ', 'Competition. ... ', 'Order fulfillment. ... ', 'Customer experience. ... ', 'Quality website traffic and visitor conversion. ... ', 'Visibility. ... ', 'Return/refund policy. ... ', 'Finding the right market.']
676360
['Risk 1: Exposing the organization to malware and botnet attacks. ... ', 'Risk 2: Exposing the organization to DDoS attacks. ... ', 'Risk 3: Enabling employees to bypass security controls. ... ', 'Risk 4: Being the victim of information theft.']
925036
Apart from the objectives, your project will likely achieve a number of benefits for your organisation and consumers. Benefits are additional 'wins' that the project will achieve alongside the objectives. Benefits can be both expected (planned) or unexpected (discovered).
1185025
What is the difference between ebusiness and ecommerce? What are the benefits and challenges associated with ebusiness? Benefits of ebusiness include: expanding global reach, opening new markets, reducing costs, improving operations, improving effectiveness.
1014419
Procurement is the process of sourcing and acquiring the goods and services a company needs to fulfill its business model. An effective procurement strategy can save company money by negotiating favorable terms and pricing, and ensuring supplier quality and efficiency.
1127718
Properly managing all procurement activities not only keeps business operations running smoothly; it also saves money, time, and resources. Procurement management ensures that all items and services are properly acquired so that projects and processes can proceed efficiently and successfully.
319834
['Fines. Perhaps the first and most obvious consequence is the possibility of the organisation being fined for non-compliance. ... ', 'Imprisonment. ... ', 'Loss of Reputation. ... ', 'Loss of Current or Potential Staff. ... ', 'Down time and Loss of Productivity.']
765853
['access to new markets and distribution networks.', 'increased capacity.', 'sharing of risks and costs (ie liability) with a partner.', 'access to new knowledge and expertise, including specialised staff.', 'access to greater resources, for example technology and finance.']