IBX transaction growth confirms e-procurement trend

Peter Lageson, Senior VP Marketing, IBX Group

Several reports have recently pointed to the growth of e-procurement. In the latest SPG Media Research* report “Global E-procurement”, the authors found that “approximately 90% of businesses worldwide are now involved in some form of e-procurement.” The UK based research firm’s study is based on findings from the Forbes top 2000 and reveals multi-billion dollar cost savings through using E-procurement systems.

From the IBX perspective, our transaction volume indicates that the recent reports from SPG Media Research and AMR Research (see news article) indeed are reliable. Our transaction volume (business documents) has increased by 66% from 2006. During the same period the number of purchase orders has increased by 33%.

So is e-procurement usage finally tipping the scale? All signs are pointing in that direction.

* SPG Media Research

• SPG Media Research is an in-house research function of SPG Media Group plc. SPG Media Group plc. is based in the UK and India. The organization employs more than 240 people and quoted on the LSE AIM. 
• Download the research report for £499 from Nathan Laryea, Research Executive, e-mail:
  nathanlaryea@spgmedia.com