{"id":2096,"date":"2015-03-26T19:21:15","date_gmt":"2015-03-26T19:21:15","guid":{"rendered":"https:\/\/www.peeriosity.com\/shared-services\/articles\/?p=2096"},"modified":"2022-08-11T09:13:02","modified_gmt":"2022-08-11T09:13:02","slug":"using-e-catalogs-in-the-procurement-process","status":"publish","type":"post","link":"https:\/\/www.peeriosity.com\/shared-services\/articles\/2015\/03\/using-e-catalogs-in-the-procurement-process\/","title":{"rendered":"Using e-Catalogs in the Procurement Process"},"content":{"rendered":"

Simplifying the Purchase-to-Pay process from order initiation to payment can result in improvement and efficiencies across the functional areas that touch the transaction, in addition to easing the burden on the internal customer<\/a> who is the ultimate recipient of the goods or services.\u00a0 Online e-Catalogs have proven to be an important tool for end-to-end improvement in Purchase-to-Pay<\/a>, with many possible solutions available, including purchased software, the use of vendor catalogs, and internally developed solutions.<\/span><\/p>\n

Recently a Procurement Analyst at a large global consumer products company wanted to find out how other large companies were using e-Catalogs as part of their overall Procurement strategy<\/a>.\u00a0 Within a few hours, using iPollingTM<\/sup>, he had answers from many of his peers around the world.\u00a0<\/span><\/p>\n

Here is the background statement on the reason for the poll:\u00a0 \u201cWe are trying to understand the pros and cons of using guided buying tools, including e-Catalogs, and their impact on Procurement and invoice processing. I am interested in what direction or role e-Catalogs play in your company’s strategic road map for Purchase-to-Pay. Also, any comments regarding what are some of the benefits to Procurement and Accounts Payable<\/a> would be very helpful.\u201d<\/em><\/span><\/p>\n

The first of two iPollingTM<\/sup> questions asked about the status of using e-Catalogs in the Procurement process.\u00a0 The results indicate significant penetration, with 48% of companies indicating that they are using e-Catalogs extensively and an additional 36% indicating that they have \u201cimplemented, with some use\u201d.\u00a0 The remaining 16% of the companies are not currently using e-Catalogs.<\/span><\/p>\n

\"status<\/p>\n

The second iPollingTM<\/sup> question asked how companies were hosting and managing their e-Catalogs.\u00a0\u00a0 For 41% of the respondents, e-Catalogs are managed and hosted by a 3rd<\/sup> Party provider.\u00a0 For 32%, managing and hosting is a combination of using a 3rd<\/sup> party and in-house, and for the remaining 27% of the companies who use e-Catalogs managing and hosting takes place entirely in-house.<\/span><\/p>\n

\"ipolling<\/p>\n

Here are a few of the comments added by iPollingTM<\/sup> participants:<\/span><\/p>\n