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E-TCD: A proposal document for the implementation of an e-Procurement initiative in Trinity College Dublin.

Hartnett, Ben and Heffernan, Brian (2001) E-TCD: A proposal document for the implementation of an e-Procurement initiative in Trinity College Dublin. Diploma thesis, Dublin, National College of Ireland.

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Abstract

This document outlines a proposal for the implementation of an e-Procurement strategy initiative for the University of Dublin, Trinity College. The College currently operates a decentralized procurement process with an annual expenditure in the region of IRE25m on non-capital items.

e-Procurement is the application of technology to create a system or systems which allow an organisation to carry out it's purchasing / supply management function in whole or in part in an electronic environment. It has the capability to yield substantial benefits if correctly deployed; benefits in terms of simplified purchasing, financial savings, time savings, improved financial controls and enhanced systems integration.

The authors of this document believe that e-Procurement could achieve savings in the region of IR£7million on current expenditure levels. This figure is based on research of e-Procurement solutions being able to reduce purchasing costs by 20%-30% in addition to reducing the associated administrative costs by 60%-90%. Overall, e-Procurement solutions are accepted as being revenue enhancing as they can provide a typical Return on Investment of 300% inside three years. Imperial College London achieved savings in excess of stg.£8million and 70,000 man-hours resulting from implementing e-Procurement.

This proposal is aimed at automating the procurement of low value, high volume items that typically account for 70%-80% of Departmental purchasing within the College. We believe that an e-procurement pilot project should be undertaken
under the direction of an e-Procurement Steering Committee, a new body for the College to oversee the future direction of College Procurement.

The impetus for establishing e-Procurement stems not only from the estimated achievable financial savings but also from the Irish Governments adoption of an e-Procurement policy outlined in it's 'Information Society initiative where it aims to have all Public Sector Bodies in Ireland transacting in the virtual marketplace within the next 2-4 years.

A successful execution of an e-procurement strategy could further enhance the global recognition of Trinity College Dublin and would undoubtedly assist in the acquisition of further research funding enabling the College to continue its pioneering projects.

Item Type: Thesis (Diploma)
Subjects: L Education > LB Theory and practice of education > LB2300 Higher Education
H Social Sciences > HF Commerce > Electronic Commerce
Divisions: School of Computing > Higher Diploma in Business and Technology
Depositing User: Aisling Gorby
Date Deposited: 16 Apr 2010 08:28
Last Modified: 26 Nov 2014 13:55
URI: http://trap.ncirl.ie/id/eprint/87

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