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replace meeting and working with suppliers the old fashioned way. These personal
relationships have always been important for improving business practices, changing
specifications, integrating information systems, and seeking win-win improvements in
pricing, quality, and service levels –– and will continue to be important in the future as
The Potential of E-Procurement
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. But it is not a panacea.
IBM, last year’s winner of Purchasing magazine’s top honor, bought over $12 billion per
year over the Internet in 1999 and is rapidly making electronic procurement a requirement
for all its suppliers. IBM estimates that electronic-commerce related procurement process
improvements will save over $200 million annually, and believes that substantial further
gains can be...
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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.
- Spring '08