Streamlining P-Card purchases with new technologies - Part 3

| 0 Comments

 

AnitaCarolus.jpgIn previous issues of ' SmartProcurement, Anita Carolus-Opperman, Nedbank Corporate Card National Sales Manager, highlighted the new trend of using online marketplaces and e-catalogues, as well as the critical components that a company needs to consider to ensure it derives value from the online marketplace.In this month’s issue Opperman discusses how to choose an online marketplace for your company:

 

 
'With online marketplaces becoming more accessible, less costly and easier to implement, it is imperative for companies to recognise that they are becoming an integral part of business. This does not mean that companies should simply jump on board; there are key decisions that need to be considered to ensure the right online marketplace is selected for the company,' says Carolus-Opperman.


Firstly, there are important decisions that need to be made about the system that will be implemented, such as:
•  Which marketplace should be used?
•  Which expense management solution should be used?
•  Will the system be developed inhouse, purchased or rented? Each of these options come with their own risks and benefits, as can be seen below:

System setup Benefits Risks
Inhouse development
  • Customised to company
  • Meets exact needs
  • Unproven system
  • High cost
  • Ongoing development
  • Long implementation time
Purchase a system
  • Proven system
  • Software updates
  • Medium cost
  • Less customised
  • Medium implementation time
Rent a system
  • Proven system
  • Software updates
  • Low Cost
  • Quick implemntation time
  • Less customised

Secondly, the company needs to ask how its banking partner will integrate into the two systems chosen because the banking partner is the intermediary between the marketplace and the expense management solution and that will determine what type of P-Card will work for the overall system.


Thirdly, the company needs to consider that online purchasing solutions are complex and will need to ask:
• What type of service support is available?
• Is there a key account manager dedicated to the account?


"With these points to consider when choosing the right online marketplace for your company it becomes clear that it isn't as easy as choosing one from the bunch. It is critical that there is a great partnership between the company and its banking partner, and a successful marriage between the online marketplace, expense management solution and the P-Card," says Opperman.

 

Leave a comment


 

 

Career opportunites

Tutor and Coordinator

  • Gauteng Operations, Planning & Inventory Permanent Procurement Management Supplier / Business Development
Purpose of the job: To plan, coach, advise

Commodity Manager

  • <500 000 Commodities Gauteng Procurement Management
Are you a Commodity Manager looking for the

Supply Chain Professional

  • <500 000 Gauteng Procurement Management Supply Chain
I specialize in placing professionals in the Supply

Supply Planning

  • <500 000 Gauteng Operations, Planning & Inventory Supply Chain
Seeking dynamic candidates to take to the market

Industrial Engineer

  • <500 000 Gauteng Industrial Engineer Procurement Consultant
Are you an Industrial Engineer looking to make

Logistics Manager

  • >500 000 Gauteng Logistics & Warehousing Supply Chain
Seeking vibrant industry specific individuals seeking new opportunities

Operations Manager

  • <500 000 Gauteng Operations, Planning & Inventory Procurement Management
Looking for an Operations Manager to take into

Supply Chain Systems Administrator

  • >500 000 Gauteng Procurement Management Strategic Sourcing Supply Chain
One of South Africa's leading, mining companies is

Logistics Manager

  • <500 000 Gauteng Logistics & Warehousing Procurement Management
Are you an experienced Logistics Manager looking for

Continuous Improvement Manager

  • >500 000 Gauteng Procurement Management Supply Chain
I specialize in placing professionals in the Supply

Warehouse Assistant

  • <500 000 Gauteng Logistics & Warehousing Operations, Planning & Inventory
I am currently looking for ambitious Demand Planner,

Internal Procurement Officer

  • <500 000 Gauteng Permanent Procurement Officer / Specialist Strategic Sourcing
Position Available: Internal Procurement Officer Status : New ...More

Supply Chain Officer

  • <500 000 Gauteng Procurement Officer / Specialist Supply Chain
Seeking dynamic candidates to take to the market

Supply Chain Planner

  • <500 000 Free State Operations, Planning & Inventory Supply Chain
Seeking dynamic candidates to take to the market

Senior Buyer

  • >500 000 Buyer Gauteng Procurement Management
Tech-Pro specialises in placing professionals in the Supply

Industrial Engineer

  • <500 000 Gauteng Industrial Engineer
Tech-Pro specialises in placing professionals in the Supply

Warehouse Manager

  • >500 000 Gauteng Logistics & Warehousing Operations, Planning & Inventory Supply Chain
Seeking hands on individuals that come from an

Manufacturing Purchasing Specialist

  • >500 000 Procurement Officer / Specialist Supply Chain Western Cape
A leading auto manufacture company based in Cape

Procurement Sourcing Specialist

  • <500 000 Gauteng Procurement Consultant Strategic Sourcing
A Leader in the Supply Chain industry is

Planning Manager

  • >500 000 Gauteng Operations, Planning & Inventory Procurement Management
Looking for Planning Managers to take into the