E-Procurement: New Dimensions in Electronic Commerce and Supply Chain Management
- Topics:
- Ordering Systems
- Tags:
- Business Operations,
- E-procurement,
- Electronic Commerce,
- Enterprise Software,
- Purchasing & Procurement,
- SCM,
- Software,
- Supply Chain,
- Supply Chain Management (SCM)
- Source:
- Capital Consulting & Management
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Overview: The article is on E-procurement that provides a new dimension in electronic commerce and supply chain management. In other words, E-procurement is an exciting and rapidly evolving aspect of e-commerce and supply chain management that promises to yield significant improvements for the companies who buy trillions of dollars of goods and services today. In order to get started in e-procurement, one need to establish a strategy and choose the specific tools and services to help him in execution. This article discusses the potential benefits of e-procurement that can be classified into four major areas: 1. Increasing efficiency in executing purchase orders and other transactions 2. Accessing the capabilities of a broader supply base 3. Leveraging the volume to drive better prices and supplier value-added services 4. Improving the effectiveness of the ongoing procurement process. Read the article to get the details.
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Format: PDF | Size: 57KB | Date: Jan 2003 | Pages: 15
