A report released by the Aberdeen Group found online purchasing can shave off 70 percent of the time and money companies now devote to procurement. The amount of time a company spent in processing a purchasing order shrank from more than eight days to fewer than three, once e-procurement was added to the mix. The cost of installing a procurement system remains formidable. Read more of Florida's advice to attract people to a particular area. Apicella, Senior Technology Analyst in the InfoWorld Test Center.
Future profitability demands companies focus on their core competencies.
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