CAP Ventures New Study on Print e-Procurement Forecasts 42% Annual Growth.Business/Technology Editors NORWELL Norwell could be
CAP Ventures announced today the completion of its latest multi-client study "Print e-Procurement (Electronic-PROCUREMENT) Purchasing online. E-procurement systems are used to obtain materials and parts via the Web or using traditional EDI standards either for internal manufacturing (direct procurement) or office supplies and equipment (indirect procurement). : Changing the Face of the Printing Industry." The study forecasts 42% compound annual growth in the print e-procurement market and rapid adoption of Internet-based solutions during the first half of this decade. The research studies the current state of e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. in the printing industry, interviewing both print buyers and print service providers. The results are compelling. Though only 17% of print is currently procured via processes that are at least partly Internet-enabled, CAP Ventures expects this number to triple within two years, and grow to 80% by the year 2005 - a stunning 42% compound annual growth rate. Furthermore, most printers interviewed believe Internet-based workflow The automatic routing of documents to the users responsible for working on them. Workflow is concerned with providing the information required to support each step of the business cycle. and process automation tools will improve their margins in excess of 20%. This is huge news for a mature industry with traditionally low margins! "There is a lot of hype hype 1 Slang n. 1. Excessive publicity and the ensuing commotion: the hype surrounding the murder trial. 2. and anecdotal anecdotal /an·ec·do·tal/ (an?ek-do´t'l) based on case histories rather than on controlled clinical trials. anecdotal adjective Unsubstantiated; occurring as single or isolated event. information about print e-procurement solutions in the press today. This study provides focused, detailed primary research and analysis," states Charlie Corr, Group Director of the Print On Demand Service. "This study gives print buyers, print service providers, and print solutions vendors the information necessary to build an effective print e-commerce strategy." The study is based on 300 telephone interviews with print buyers (including a wide range of corporations as well as advertising agencies and design firms), 200 telephone interviews with print providers, and numerous in-depth in-depth adj. Detailed; thorough: an in-depth study. in-depth Adjective detailed or thorough: an in-depth analysis interviews with representatives from both groups who are currently deploying e-procurement solutions. In addition, the study provides case studies of print e-procurement applications along with profiles of key players in the market. Based on this research and a review of related studies, CAP Ventures projects likely future developments. For more information on the multi-client study "Print e-Procurement: Changing the Face of the Printing Industry" please contact Stewart MacDonald at 781-871-9000 x 175 or via email at stewart_macdonald@capv.com. CAP Ventures is a strategic consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a for providers and users of business communication technologies and services. We deliver the key research, analysis, forecasting, benchmarking, counsel, marketing education and implementation to both leverage industry opportunities and make a competitive difference in our clients' business. Additional information about CAP Ventures is available on the Web at: www.capv.com |
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