What is the difference between transactional procurement and eSourcing?
Transactional procurement is not a part of eSourcing. Instead, it is the tactical, day-to-day organizational transactions, from purchase order to delivery. Yet, the savings realized in eSourcing activities are far greater than in transactional procurement activities. According to CAPS Research, eSourcing yields savings of five to fifteen times more than automating transactional procurement; its value is measurable. The true benefit of automating transactional procurement is the time saved from repetitive administrative tasks thereby freeing time to focus on strategic eSourcing!
