E-procurement delivers substantial benefits in several areas including: cost savings, time efficiencies, increased budgetary controls and reduced administrative workloads. E&I is proud to offer a number of e-procurement solutions to meet your needs.
The Benefits of E-procurement
The advantages of implementing an e-procurement system on campus are hard to dispute. E-procurement leads to:
- Reduced costs - Costs can be reduced by leveraging volume and by using system improvements to reduce external spend while improving quality and supplier performance.
- Increased productivity - Procurement staff members are freed from having to complete time consuming tasks and paperwork.
- Increased visibility into spend - Centralized tracking of transactions enables full reporting on requisitions, items purchased, orders processed and payments made.
- Increased controls - Standardized approval processes and formal workflows ensure that the correct level of authorization is applied to each transaction and that spend is directed to draw off existing contracts.
ESM Solutions was the first online procurement provider, and has served the education marketplace as eSchoolMall® and Mercury Commerce®. E&I's contract with ESM Solutions provides exclusive discounts to Cooperative members.
E&I Cooperative Services is pleased to partner with SciQuest and offer a variety of E&I contracts via the SciQuest HigherMarkets strategic procurement solutions platform.
For more information:
Vice President, Market Development
E&I Cooperative Services
Request for Information