E-Procurement Systems and Their Impact on Supply Chain Efficiency: A Comprehensive Analysis of the United States Market
DOI:
https://doi.org/10.61424/rjbe.v1i1.388Keywords:
E-procurement, supply chain efficiency, digital transformation, procurement automation, supplier management, cost optimization.Abstract
The digital transformation of procurement processes has emerged as a critical driver of supply chain efficiency in the United States. This comprehensive study examines the adoption and impact of electronic procurement (e-procurement) systems on organizational performance, cost reduction, and supplier relationship management. Through analysis of empirical data from 2018-2022, this research demonstrates that e-procurement implementation results in significant operational improvements, with organizations reporting average cost savings of 15-25% and procurement cycle time reductions of 40-60%. The study evaluates various e-procurement platforms, their technological capabilities, and their strategic implications for supply chain optimization in the American business landscape.
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Copyright (c) 2023 Omotolani David Lawal, Oluwatumininu Ajayi

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