The potential for savings to be made from e-procurement is beyond dispute. However, how do you measure savings accruing from e-procurement?
If you cannot measure it you cannot manage it. Measurement drives behavior and is a key element in making a successful program. To achieve tangible results with any Software solution you need consistency, discipline, and accuracy be applied.
In order to calculate recurring benefits, key savings drivers need to be identified and measured against. The key drivers for e-procurement include transactional, payment, management information and price benefits.
No longer can we operate in silos, or collect and hoard knowledge on our computers. Successful organizations know that effective communication, knowledge-share and collaboration within the organization is key to their success. A tool that effectively plays the key is the corporate Intranet, and a social Intranet for that matter.
Before we get to social Intranet, let's first understand what an Intranet is. Intranet is derived from the words "intra" and "net". "Intra" simply means within. An intranet therefore is a web within a network or in other words within an organization. Intranets came into being and gained popularity in mid-90s and have since continued to play a central role in increasing organization's competitiveness (Wema Software Solutions). On the other hand, social is people interacting with each other.
A social Intranet combines many of the traditional intranet features such as content management with awesome social features like activity streams and user profiles to provide an effective and usable collaboration, communication, social networking, and workflow environment. Thus a social intranet can be described as one that allows all employees to be co-creators of content, and actively engage with one another over the network.