making Elcom the right choice for helping you to implement eProcurement systems
Number of PO's Annually: ? Please record in this field the number of Purchase Orders created each year. Analysis by the Aberdeen Group, supported by other independent analysts, shows the average costs of raising and managing a Purchase Order at $121. Aberdeen Group research has shown that this will reduce to an average of $33 per purchase order when utilizing an efficient electronic procurement process supported by appropriate technology.
Number of PO line items Annually: ? Please record in this field the number of purchase order line items created each year. Aberdeen Group research bases purchase orders processing savings on an average of 4 line items per order. If the average number of line items for your organization per order is more than 4 then the figure entered into this field will help increase the accuracy of your savings calculation.
Current cost per PO to process: ? The default cost of $121 is provided through Aberdeen Group research. If you do not want to use this default and know what the current costs for your organization are to raise and manage a purchase order through its full lifecycle you can enter it here.
PO Savings Result:
Number of Invoices Annually: ? Please record in this field the number of invoices received each year. Analysis by the Aberdeen Group, supported by other independent analysts, shows the average costs of processing an invoice for payment at $38.77. Aberdeen Group research has shown that can reduce to a best in class average of $3.09 per invoice when utilizing an efficient electronic invoicing process supported by appropriate technology.
Current cost per invoice to process: ? The default cost of $38.77 is provided through Aberdeen Group research. If you do not want to use this default and know what the current costs for your organization are to receive and process an invoice you can enter it here.
Invoice Savings Result:
Indirect procurement spend: ? Please record in this field the annual indirect procurement spend (e.g. operating supplies, maintenance and repair).
Number of procurement professionals: ? Please record in this field the number of procurement professionals within your organization. Research by the Next Level Purchasing Association indicates expected savings of 0.033% in indirect spend per annum for each fully supported and skilled purchasing professional worker.
Total Indirect Spend Annual Savings: 0
Indirect procurement spend under contract: ? Please record in this field the annual indirect procurement spend currently under contract. Case studies and research presented by Aberdeen Group support 5% in annual savings for increased compliance to contracts across requisitioning and purchasing. The same research supports once-off savings averaging 15% of contract spend through leveraging analysis of purchasing spend against contract and use of eTender and eAuction tools to support sourcing processes.
Annual savings: 0
Once Off Savings: 0
Current Inventory Value of indirect items: ? Please record in this field the value of inventories of indirect procurement items currently being held across your organization. Case studies across our client base suggest once-off savings of 15% of inventories currently held generated through improved analysis of purchasing needs, reduction in obsolescence and loss, and on-line visibility of purchases.
Current Inventory Once Off Savings: 0
Total Initial Savings: 0
Total Ongoing Annual Savings: 0
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