What Are Some Challenges Associated with E-Procurement?
While e-procurement platforms offer numerous benefits, they also come with certain challenges:
1. Implementation Costs: Initial setup and integration with existing systems can be costly. 2. Change Management: Employees may resist transitioning from traditional procurement methods to a digital platform. 3. Supplier Adoption: Convincing suppliers to adopt and use the platform can be difficult, especially if they are accustomed to traditional methods. 4. Data Security: Ensuring the security of transaction data is critical to avoid breaches and fraud.