Search capabilities make, break, e-commerce efforts, study shows
Successful e-commerce requires two essential components to maximize return on investment, a recent study shows.
Successful e-commerce requires two essential components to maximize return on investment, a recent study shows. Granada Research, electronic commerce consultants based in Half Moon Bay, CA, reports that complete, high-quality content and information usable by a broad range of employee expertise levels are the essential ingredients for a competitive advantage.
The caliber of commerce-ready content and easy-to-use search technology in an electronic procurement system define how effectively companies can increase purchasing efficiency and reduce purchasing and processing costs, the study reports. It also encourages users to seek software that meets the demands of content-driven e-commerce.
According to Granada's Torrey Byles, "An e-procurement system is like a lens: It allows those who purchase to focus exclusively on the company's strategic suppliers...to allow smart and controlled purchasing throughout the enterprise and to ensure that purchasable goods and services are easily located, a catalog of commerce-ready, consistently classified and unified content, and an advanced finding engine must work hand-in-hand."
The study also shows that successful e-procurement systems must accommodate casual end users as well as procurement professionals. It also indi- cates that online procurement software should include several key elements:
- Product information that is searchable, interoperable, and customizable for each user
- Comprehensive, up-to-date information
- Data classified and organized for rapid finding and reporting
- Search technology that provides easy and accurate access to a unified, self-service catalog.
The study, "The Value and Importance of Product Information Content and Discovery in Corporate Purchasing Processes," was commissioned by Requisite Technology, a provider of electronic catalog technology services.
For more information on the study, contact Granada Research, 614 San Carlos Ave., El Granada, CA 94018; 650-726-3002; fax: 650-712-9570.
- Events & Awards
- Magazine Archives
- Oil & Gas Engineering
- Salary Survey
- Digital Reports
Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey