[Answered] what are two advantages of the procurement integrated enterprise environment

Question: Answered step-by-step

What are two advantages of the Procurement Integrated Enterprise Environment?

• Improves data quality
• Reduces DoD operating costs
• Reduces instances of purchase card fraud
• Ensures invoices are submitted on time

Answer:

• Improves data quality
• Reduces DoD operating costs

What is Procurement Integrated Enterprise Environment

Procurement Integrated Enterprise Environment incorporates team structures, processes and technologies that connect devices, applications, and data from all over the place in a firm’s or business’s IT. 

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Other advantages of E-procurement

• Visibility– E-procurement provides a firm with centralized admittance to all of the firm’s data. It helps in tracking down an invoice or PO and assesses metadata to locate areas where a firm can enhance its processes.
• Control– E-procurement mechanism permits wider flexibility and control over each feature of the buying process.
• Saves Money– E-Procurement typically saves an organizations time and majority of the firms saves billions of money every year via declined fraudulent expenditure, reduced headcount, and taking benefit of early reimbursement discounts.