By Joey Gardiner, 25 May 2001 16:12
NEWS Nine out of 10 procurement managers are intend to implement an e-procurement strategy, but still only 11 per cent have rolled out any form of internet purchasing. These are the facts according to the latest research on the uptake of e-procurement in the financial sector from finance sector specialists Highams Consulting. The report also finds that the main barriers to deploying e-procurement are a lack of knowledge of what the term really means and fear of the cultural impact on the company's business. However, in the banking sector, where a quarter have already implemented e-procurement, experience has taught that the biggest problems are technical. Mike Talalay, head of Highams supply chain management practice, said: "Banks are furthest down the line in terms of deployment. With this experience they have realised what practical problems there are, particularly systems integration." Highams used research house Metrica to complete the study, and questioned over 100 procurement professionals from banks, brokers and insurance companies.
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