E-Procurement-in-New-Dimensions

Electronic commerce offers exciting new possibilities

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Unformatted text preview: profitability. Electronic commerce offers exciting new possibilities for businesses to improve their performance on this important “upstream” supply chain activity, both for indirect or support items and, increasingly, for materials that are direct components of the products and services that businesses make and sell. But what is e-procurement? Really, it’s any purchasing-related activity that involves electronic communication, the Internet, or related software to help companies achieve increased value. From point-and-click ordering using Web-based catalogs of individual suppliers, to marketplaces that bring together in one place the products or services offered by multiple suppliers, to live auctions that determine the lowest-price bidder — there is a wide range of new e-procurement methods and tools to help businesses buy goods and services better, faster, and cheaper. As in many areas of e-commerce, the wide variety of alternatives can be confusing. What’s the best strategy for our company to use? What specific benef...
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This test prep was uploaded on 04/01/2014 for the course INDE 6370 taught by Professor Staff during the Spring '08 term at University of Houston.

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