eProcurement vs. eSourcing

eProcurement and eSourcing platforms are both part of the systems, processes and tools implemented in most companies. Both platforms are used on a day-to-day basis in a modern procurement division, but where eSourcing platforms are in place to ensure the optimal contracts are negotiated with suppliers, eProcurement platforms are in place to secure the optimal flow of goods and services based on those contracts.

As the figure above illustrates an eSourcing platform covers all aspects of identifying the need for sourcing, the sourcing Strategy, negotiations and contract management. Scanmarket covers all these areas with the four eSourcing modules: Spend Analysis, eRFx, eAuction and Contract Management.

As illustrated an eProcurement platform covers the flow of ordering, receiving and payment of goods and services. Companies can track purchases made in all departments and ensure compliance to company standards. For example, an employee might want to buy a new laptop. Without eProcurement he might just go to the local supply chain store, buy the laptop and submit the receipt back to the company for reimbursement. Such purchases are difficult to track. With an eProcurement platform in place, the entire purchase runs through approval work flows and the person who approves the need for a new laptop ensures it is bought using the right contract.

Dedicated eProcurement partner

Scanmarket has a dedicated eProcurement partner and if you would like to know more about what areas this eProcurement solution covers then please click here. If you would like to know more about our dedicated eProcurement partner please contact Scanmarket.