Yesterday, we posted a blog that explained how measuring your benefits can help determine the effectiveness of your e-ordering and e-invoicing capabilities. Today, we'll cover the fourth and final step. You can go to the Supply Lines group to read the full article.
Step 4: Assess Potential Benefits
At the beginning of year two, you’ll be ready to add new e-commerce capabilities. But how do you decide where to focus your efforts? The Directional E-Commerce Value Calculator can help.
What will it give you?
How do you do it?
Open the online calculator and enter high-level metrics about your company. Depending on the data you enter, the calculator then shows how your results compare to third-party industry KPIs of best-in-class e-commerce organizations in up to four areas:
Next, click on the “Results Summary” page to see a tally of your overall e-commerce opportunities plus a callout of the specific area where your ROI is likely to be highest. You’ll also see a list of your estimated gains in each of the five benefit categories mentioned above.
The Results Summary page offers a detailed breakdown of where and how much e-commerce will benefit your business.
To learn more about how you can target your e-commerce efforts to maximize ROI and collaborate more effectively with customers, please contact me at firstname.lastname@example.org.