7
E-Procurement
“E-procurement can deliver significant ‘buy-side’ cost savings to businesses, companies and marketplaces. They are now looking at other appropriate areas of their business to drive forward of performance throughout the value chain based on supply and demand
—Lusiana”
Chapter Objectives
To understand:
- Traditional vs. e-procurement
- E-procurement framework and models
- Reverse auction and its benefits
- Outsourcing e-procurement
- Open trading environment
E-procurement Model
Organizations allocate significant percentage of the purchasing budget to non-productive items like travel, office supplies and follow-ups. The optimization ...
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