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Essential Technology Application for Public Procurement

Procurement professionals should identify and implement technology that aides the procurement process and supports the overall strategy of the organization. The technology should create measurable results (linked to Return on Investment) including, reduced transaction costs, improved process efficiency, a reduction or elimination in “maverick spending”, increased contract compliance, improved transparency, reduced cycle times and improved inventory costs. Technology can also increase supplier access to bid opportunities which can result in increased competition, diversity and inclusion of suppliers.

Electronic Procurement

Electronic procurement (E-Procurement) can be defined as the purchase of goods and services that enable the business to run its daily activities or the automation of business processes and procedures with the goal of saving business costs.

Electronic Integration in Business

Enterprise Resourcing Planning (ERP) is a process used by companies to manage and integrate the important parts of their business to implement by integrating all the processes it needs to run a company with a single system.

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Joe Kok Kong Loong, DPSM
Joe Kok Kong Loong has substantive years of experience in the professional field of procurement management, specifically in Public Procurement, where he is Head of Procurement for a local nursing home. Joe is a member of the Singapore Institute of Purchasing and Materials Management (SIPMM), and he completed Diploma in Procurement and Supply Management (DPSM) on September 2019 at SIPMM Institute.

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