This chapter introduces e-procurement as a strategic tool for organizations’ competitive position in the new information economy. It argues that that eprocurement is significantly changing the ways businesses operate and thus new business models are needed. E-procurement success factors that have to be considered are: cost factors, time factors, process simplification factors and the volume of e-transactions factors. By gaining understanding of the most important e-procurement factors, organizations have to organize themselves in a way that ensures success. Furthermore, author hopes that with knowing such factors, organizations will be able to better prepare for e-procurement and thus operate successfully and thus be able to compete in the global market.
Complete Chapter List
Gonca Telli Yamamoto, Faruk Karaman
Susanna Xin Xu, Joe Nandhakumar
Michela Serrecchia, Irma Serrecchia, Maurizio Martinelli
Manas Ranjan Patra
Stanley Oliver, Kiran Maringanti
Aayush Shrivastava, Gautam Gupta, Pratap K.J. Mohapatra