One key place that technology can really make a difference is in the procurement process. Whether a commercial business or government agency, each must balance the challenges of maintaining efficiency while lowering cost and meeting the requirements of transparency throughout the procurement process.
Fortunately, e-procurement tools are meeting those challenges, and it’s getting better all the time. Electronic purchasing is eliminating handwritten requisition forms and long waits for supplies and services. It’s more efficient, provides a better grip on the procurement process, and altogether easier than paper-based methods.
One example of how eProcurement benefits customers is in government. Citizens look to government institutions to work on their behalf and provide oversight on matters that significantly impact their quality of life. Government fulfills this role most effectively when its activities are open and transparent to citizens. With visibility into government actions and spending, people are more likely to participate in the political process and hold government officials accountable for their actions. When citizens engage in the issues that affect them, they can help to ensure that power and public funds are used wisely and are representative of their interests. (Read more about the “e-participation.”)
We’re happy to be adding tremendous e-procurement capabilities to Microsoft Dynamics AX 2012—features that help in the bidding process.
Easy, flexible solicitation management (RFx process)
With the planned Microsoft Dynamics AX 2012 R3, solicitation management becomes more flexible even while organizational policies and transparency is enforced. You will be able to:
Vendor self service enhancements
With this release, we’re especially happy to provide vendors with an enhanced self-service portal experience. Vendors will be able to:
Figure 1. Vendor self-service portal view of open requests (screenshot Community Technical Preview)
Getting the best bid
This new release really helps you get the best bid whenever you are purchasing for your organization while ensuring appropriate transparency. You will be able to:
Figure 2. Bid comparison (screenshot Community Technical Preview)
Interested in seeing how eProcurement works? Join us at Convergence 2014 on March 4-7, 2014 in Atlanta, GA. Click here for more info.
Microsoft Dynamics AX 2012 R3 is a pre-release product under development. All features and dates are preliminary based on current expectations and are subject to change without notice. The information herein is for informational purpose only and represents Microsoft’s current view as of the date of this blog. Because Microsoft must respond to changing market conditions, it should not be interpreted to be a commitment on the part of Microsoft.