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Business Disruption and Process Advantages

"Business Disruption and Process Advantages"

Advantages of centralized procurement: cloud-based end-to-end e-procurement solutions

Advantages of centralized procurement: cloud-based end-to-end e-procurement solutions

White Paper: BidSync

Public procurement is an essential county government business function. In many instances, County procurement activities npayments made to private businesses for the purchase of goods and service are the second largest expenditure of taxpayers’ dollars (employee wages, salaries and benefits are the largest cost) At this level of spending, efficiency of the procurement process is a crucial component of good financial stewardship. Unfortunately, the traditionally decentralized structures of county government often don’t take advantage of business efficiencies and best practices offered by a more centralized configuration. Due to such impediments as cost, business disruption and process advantages important to other departments, simply “centralizing” county government to improve procurement efficiencies isn’t a practical option. However, technology offers an approach that features many of the advantages of centralized procurement: cloud-based end-to-end e-procurement solutions. 

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What is

What is Business Intelligence ?

Business intelligence is a technology-driven process in which variety of software applications are used to analyze organization’s raw data and presenting the information in actionable format so executives and business leads can make better decisions looking at them. Although business intelligence has some common functions, it includes three basic functions: data mining, data analyzing and data processing.

What is Procurement Operations ?

Procurement operations, as the name suggests is the act of procuring or obtaining goods and services. The process can entail preparation, like, homework and research, and dealing with the requirement, in addition to, handling end receipt and payment approval. Though it sounds easy, one should not forget that the act of procuring for a company demands meticulous processing. It is important that the funds, both public and corporate, are managed responsibly, irrespective of the economic situation. Though serving an essential role in company operations, procurement operation can be misjudged and misquoted under maintenance and strategic planning.

What is business process management ?

Business process management is a systematic approach to business processes of a company which cover how we think, change, and monitor business processes so they run easily and can be enhanced after some time. BPM (Business Process Management) is a field of management that acts as a systematic approach for making organizations Workflow more effective, more efficient and hence improving the corporate performance by managing business process in the organizations.

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