Released on: November 2, 2007, 4:02 am

Press Release Author: SPG Media Research

Industry: Advertising

Press Release Summary: SPG Media Research has released its first "Global
E-procurement report" based on the research finding of the Forbes top 2000.

The Global E-procurement report presents a comprehensive overview of the
significance of using e-procurement strategies and how these strategies can lead to
major cost savings. The report identifies the effectiveness of sourcing online, with
a focus on preparing organisations to fully utilise Web 2.0 e-procurement, as well
as identifying the major cost benefits that an e-procurement strategy brings.

Press Release Body: With the virtual marketplace becoming an integral part of B2B
purchasing, the report highlights a permanent shift towards the 'digital economy'.

Head of Research at SPG Media Research, Marcus Cameron, commented: "This report
provides a comprehensive overview of e-procurement management issues and goes into
great detail about how key global companies are using e-procurement. For example the
US business sector is now saving $700 billion dollars per annum by developing
e-procurement strategies."

The report highlights the strategic thinking of key decision makers, and assessing
how they are incorporating e-procurement into an overall organisational cost
reduction strategy.

It goes on to examine in-depth, how senior business professionals are utilising the
internet as a business resource, with specific analysis of online B2B portals as a
tool in the procurement process.

The report also gages the opinions and viewpoints of procurement specialists and
senior executives as to how they utilise the internet when sourcing new suppliers,
as well as identifying how much organisations are e-procuring on a global basis.

The Global E-Procurement study indicates approx 90% of businesses worldwide are now
involved in some form of e-procurement.

Organisational and managerial challenges involved with delivering a successful
e-procurement strategy are also revealed such as integrating e-procurement as part
of on going overall business strategy plans and looking at change management.

- Ends -

Note to editors
About 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 with offices in London and Nottingham and
Hyderabad, India. The organisation employs more than 240 people and quoted on the
LSE AIM.

The report is available at the price of £499 from November 1st 2008.
The report findings are based on the responses of key employees based at 127
companies listed in the Forbes top 2000 list of companies.

A full editorial executive summary is also available.



Web Site: http://www.spgmedia.com

Contact Details: For further information please contact:

Marcus Cameron
Research Manager
marcuscameron@spgmedia.com
+44 (0)20 7915 9767