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Sustainable procurement starts with eProcurement

Just how far can sustainable procurement take your business? According to the Scottish National Party in a manifesto announced today, forward-thinking ...

Freddie Pierce
|Apr 19|magazine8 min read

Just how far can sustainable procurement take your business?

According to the Scottish National Party in a manifesto announced today, forward-thinking procurement strategies are expected to help the Scottish government save millions over the next several years.

“Smarter procurement will deliver savings of £61 million [close to $100 million] within the Scottish government in 2011-2012, and £400 million over the next three years,” First Minister Alex Salmond said.

The manifesto also stated that eProcurement is helping save money for front-line services, as three online auctions revealed savings of around £27 million, while a new office supply agreement saved over £20 million.

The Chartered Institute of Purchasing and Supply and Action Sustainability teamed up to offer a class on sustainable procurement practices. The class will be held on May 25 in London.
While we are talking about a government here that collects millions of dollars in taxes from its citizens, implementing sustainable eProcurement strategies in your company can cut the budget in a cost-effective manner.

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eProcurement focuses on the B2B, B2C or B2G purchase and sale of supplies and other services through the Internet and other online networking services.

Suppliers such as EPIQ, Coupa and Oracle offer a wide range of helpful eProcurement software that can help your company easily identify ways in which spending can be cut in ways that don’t severely hurt your company.

For more information on eProcurement, make sure to check out the Procurement section of our website.