What is e-procurement? Briefly describe its major advantages
What will be an ideal response?
E-procurement refers to purchasing through electronic connections between buyers and sellers—usually online.
E-procurement gives buyers access to new suppliers, lowers purchasing costs, and hastens order processing and delivery. In turn, business marketers can connect with customers online to share marketing information, sell products and services, provide customer support services, and maintain ongoing customer relationships. E-procurement frees purchasing people from a lot of drudgery and paperwork. In turn, it frees them to focus on more strategic issues, such as finding better supply sources and working with suppliers to reduce costs and develop new products.
You might also like to view...
While Debby was out of the country on vacation, she forgot to pay her life insurance premium, missed the grace period and wants to reinstate her policy. Which of the following is NOT a condition of reinstatement?
A) satisfactory evidence of insurability B) payment of all past due premiums, plus interest C) application for reinstatement (within 3 years of lapse) D) assignment of a new beneficiary"
Role-playing often brings out thoughts and feelings that otherwise might go unexamined or even unacknowledged
Indicate whether the statement is true or false