Supplier Enablement

eProcurement boost for SMEs

SMEs are often referred to as the lifeblood of the UK economy.

They may not be always on the leading edge when investing in IT and we have discussed this in past blogs. Click here for a refresh on why that is.

Some recent research identifies that some of the benefits of eProcurement are specific to the SME community. These include the following:

• Competition with any other supplier, regardless of their size – any supplier with access to the internet is now on a par with even the largest suppliers.

• Being strategically valuable, as it helps them to win other business elsewhere.

• Receiving payment more quickly as there is less of a paper chase at the buyer end.

• Business does not need to be limited to one geographical area.

• Removal of some of the process costs associated with supplying to government.

This is good news for SMEs but they still need the tools to equip their business to be a player.

Click here if you are a SME

Click here if you a Buyer and have SME suppliers

posted by FrankB @ Wednesday, November 15, 2006