I’m glad to report that last week, the first deliverable of my work on the role of e-procurement in a down economy was published. “Cut Indirect Costs With E-Procurement” (subscription or purchase required) details how requisition-based tools can deliver the very simple but very powerful functionality of delaying, redirecting or even stopping spend before it occurs.
If e-procurement is so great, you may be thinking, why hasn’t everyone rushed to install it? The simple answer is that e-procurement has been significantly hindered by cultural issues. It’s difficult to convince people are used to spending their budgets as they see fit to submit to a stricter governance process. When money is plentiful, empowering individuals in this manner is often sufficient. Today, even the most independent, entrepreneurial-minded folks can recognize that tighter spending controls are appropriate, particularly when the alternative may be cutting more jobs. And so I ask: If this is not the right time to overcome cultural objections – when will it ever be?