Key Features 1. User-Friendly Interface 2. Mobile Compatibility 3. Cloud-Based Solution 4. Collaboration Tools 5. Customizable Workflow 6. Integration with Finance and ERP Systems
Choosing a System Factors to consider: • Scalability • Integration • User-friendliness • Customization • Security • Vendor Support
Examples of Digital Procurement Systems 1. SAP Ariba 2. Coupa 3. Jaggaer 4. Ivalua 5. Oracle Procurement Cloud
Implementation Considerations • Customization & Scalability • User Training • Data Security • Change Management
Use Cases 1. Universities: Lab equipment, IT infrastructure 2. Hospitals: Medical supplies, compliance 3. Government Agencies: Transparency, infrastructure projects 4. Corporations: Centralized procurement, sustainability goals
Conclusion DPS improves cost efficiency, compliance, and sustainability. Challenges like cybersecurity and change management require strategic planning. AI, IoT, and blockchain will shape the future of procurement.