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Technology Advancement and E-Procurement in the US

Technology Advancement and E-Procurement in the US

Joshua M. Steinfeld, Khi V. Thai
Copyright: © 2013 |Pages: 17
ISBN13: 9781466626652|ISBN10: 1466626658|EISBN13: 9781466626966
DOI: 10.4018/978-1-4666-2665-2.ch005
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MLA

Steinfeld, Joshua M., and Khi V. Thai. "Technology Advancement and E-Procurement in the US." Public Sector Transformation Processes and Internet Public Procurement: Decision Support Systems, edited by Natasa Pomazalová, IGI Global, 2013, pp. 68-84. https://doi.org/10.4018/978-1-4666-2665-2.ch005

APA

Steinfeld, J. M. & Thai, K. V. (2013). Technology Advancement and E-Procurement in the US. In N. Pomazalová (Ed.), Public Sector Transformation Processes and Internet Public Procurement: Decision Support Systems (pp. 68-84). IGI Global. https://doi.org/10.4018/978-1-4666-2665-2.ch005

Chicago

Steinfeld, Joshua M., and Khi V. Thai. "Technology Advancement and E-Procurement in the US." In Public Sector Transformation Processes and Internet Public Procurement: Decision Support Systems, edited by Natasa Pomazalová, 68-84. Hershey, PA: IGI Global, 2013. https://doi.org/10.4018/978-1-4666-2665-2.ch005

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Abstract

E-procurement has had a tremendous impact on the modernization of government and administration. In the U.S., the relationship between technology and e-procurement is central in determining the ability to adopt successful e-procurement. Significant investment in technology and human capital is required for the implementation of e-procurement systems. Despite widespread efforts to initialize e-procurement through direct investment in information and component technologies, a substantial portion of administrations’ efforts at achieving e-governance have failed. The need for customized solutions and managerial intervention has challenged government at all levels. Furthermore, technological advancement has not been welcomed by all administrations. Nonetheless, the advantages of e-procurement typically justify the effort required to implement and maintain such systems. Reductions in transaction costs, increased transparency, and improved relationships between government and businesses are all advantages of e-procurement. While there are significant challenges to e-procurement not limited to corruption, the benefits of e-procurement far outweigh the costs.

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