Understanding E-procurement, Part 2: Critical Success Factors

This is Part 2 of a two part series on e-procurement systems. Part 2 covers the most common challenges and critical success factors when implementing or upgrading e-procurement solutions.

You know, or are at least pretty sure, you need to implement or upgrade your e-procurement system. But you really need it to be a success, delivering savings and compliance by managing a majority of your spend.

If your hunch is that there are a lot of factors to consider, you’re right. But The Hackett Group has produced a report that can really help you get a handle on what they are. (This is part two in a series. Part one is about quantifying the benefits of e-procurement.)

Hackett offers guidance and insights for addressing the most common challenges and critical success factors that you need to consider in your e-procurement strategy. These include

• Ensuring adoption
• Choosing the right solution
• Evaluating project risks
• Implementing risk mitigation plans