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E-procurement for better B2B and B2C relationships
1 pages
Published by
eBuilder
E-procurement for better B2B and B2C relationships
The globalized business world is aggressively competitive and puts forth a very volatile market.
In wake
of all these circumstances, procurement has attained greater significance.
It...
[More]
E-procurement for better B2B and B2C relationships
The globalized business world is aggressively competitive and puts forth a very volatile market.
In wake
of all these circumstances, procurement has attained greater significance.
It is no longer just another
function in the organizational set up but a plays a very vital role in the success of the enterprise.
Procurement can be defined as the process of acquisition of goods or services at the right price, from
the right source and made available at the right time.
The technological era has further helped the
procurement specialists of organizations with electronic method of procurement or e-procurement.
Also known as supplier exchange, this is a business-to-business or business-to-consumer or business-togovernment system of sale and purchase of goods and services done through the Internet or other
networks including the electronic data interchange systems or ERP.
The traditional system of procurement resulted in companies incurri
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Tags
based,
business,
cloud,
companies,
costs,
electronic,
management,
organizational,
organizations,
process,
processes,
procurement,
service,
services,
system,
systems,
verification
