The concept of end to end procurement is now being practiced in many spheres of business and many organizations are looking at this as an effective option apart from the other sets of procedures they have in place. The first and foremost attractive aspect about end-to-end procurement is the fact that they provide a concrete, reliable and efficient platform for the procurement business devoid of any distractions and errors that could be caused in the course of the operation. It comes across as a well-defined cycle that has got its roots perfect in place to better contribute to the procurement of goods and services.

The electronic implementation of procurement cycle has been introduced with the intent to maximize efficiency and also save time and money in the process. There are many procurement services and solutions that are available in the market but only a few of them are able to provide excellent results in efficiency, cost and speed factors. The usage of e-procurement solutions have gone up manifolds now and this could be attributed to the development that the field has seen in the past few years. There are few systems with some inadequacies and this is why it is important to go with a more concrete and reliable end to end procurement solution.

Having an integrated GEP's end-to-end procurement is necessary; otherwise it would lead to some inadequacies and issues like inability to get manpower savings, when there is no necessity for the date to be re-keyed. There will be a cycle time reduction owing to a condition where errors go unnoticed and become difficult to set right. There may be failure on your part to pay as per contracted rates as it was not entered when creating of requisition by buyer. These are few actors that could act as a hindrance for the progress of effective business cycle. A perfect end to end procurement service requirement should come with a step by step procedure, enlisting and carrying out each of the work as per the specifications.

Only a total and comprehensive end to end procurement system will be able to come up with a perfect procurement solution that will benefit the business. This is not limited finding vendors, negotiating with them for cheap prices and maintaining relationship with them but goes beyond than traditional sourcing and procurement traditions. It is a comprehensive procurement transformation processes including strategic sourcing, reverse auction for competitive bidding, supplier management, their performance management, simplifying procurement processes, category management, spend analysis, contract management and market intelligence.