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The History of E- Procurement and how it relates to the meeting and events industry.
The History of E-Procurement and how it relates to the meeting and events industry.
2https://www.flickr.com/photos/wwarby/5146430171
E-Procurement systems first debuted in the mid-to-late 1990s. (e.g., Ariba, CommerceOne, SAP, Oracle and PeopleSoft)
3https://www.flickr.com/photos/vrogy/511644410
1. Included only workflow and a catalog for generating a PO
2. Designed for items that were readily catalogable – items, not services
3. Not designed to get bids from multiple service providers
These systems had limitations:
4https://www.flickr.com/photos/tensafefrogs/3197950675
Other spend categories suffered:
• No request for proposals• No proposals• No multi-step payment• No collaboration
Hourly-based temporary labor, then SOW-based
work
Incorporated online booking and credit card
integration
In the early to mid-2000s, solution providers responded with “purpose-built,” or “category-
built” e-procurement solutions.
• Additional supporting documents – PO and RFP cabinets allow storage of multiple documents
• Variable pricing based on location, seasonality, demand, etc.
• Payment based on varying supplier expectations or internal protocol
• Customized event needs that are not catalog based, such as décor and themed events
• Flexible POs, based on event actualization
Eved is the first purpose/category built solution for the meeting and events industry:
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Creating a successful meeting or event takes a combination of the right people, the right process, and the right technology.
Learn how Eved can help you.
This content originated from a guest post by Bob Solomon for The Eved Blog.
