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The parallel system approach should only be used if you have the time and resources to do this. If not, stick to the incremental approach.

Don't expect an immediate return on investment. A short-tem gain may be noticeable, but it may be eaten up by the cost of staff training and equipment purchases...

A year or two down the road, a larger ROI should be evident.

Types of e-Procurement

There are six main types of e-procurement:

1. Web-based ERP (Electronic Resource Planning): Creating and approving purchasing requisitions, placing purchase orders and receiving goods and services by using a software system based on Internet technology...

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