Premium Essay

Eprocurement

In:

Submitted By lzbthgarber
Words 6948
Pages 28
E-procurement: Government, Private and Commercial

Abstract
With the rapid and emerging growth of technology, coupled with globalization and competitive market place, most businesses are re-modifying the way they transact business. Few decades ago a lot of companies went through their daily business manually. The use of manual procurement invoice, ordering, payments, catalogues, and requisitions was the order of the day. Times have changed and improved technology has changed the way businesses function. Many businesses have turned to electronic procurement (e-procurement) in the purchasing and supply of goods and services. In as much as there are many advantages ranging from cost saving, time saving and effectiveness, e-procurement also has it disadvantages; high cost of implementation and lack of readiness. More importantly a lot of businesses are not only concerned about cost saving advantage of e-procurement but also achieving high level of customer satisfaction through CRM. Electronic data interchange (EDI) enables the transfer and sharing of data and other forms of information electronically. This research paper will analyze the need for e-procurement, the IT tools and system involved, the advantages and disadvantages of e-procurement, factors inhibiting and supporting e-procurement. Questions such as: will e-procurement add value to my business? does it worth investing in? What IT tools, system and software do I need to implement e-procurement? Do I need to involve every member of my organization? will be addressed in this paper. Keywords: e-procurement, e-government, e-business, e-commerce, supply chain management, Customer relationship management, IT tools,

TABLE OF CONTENTS Abstract

Similar Documents

Premium Essay

Casestudy

...Write the benefits of e-procurement that Indian organizations can derive E-procurement (electronic procurement, sometimes also known as supplier exchange) is the business-to-business or business-to-consumer orbusiness-to-government purchase and sale of supplies, work, and services through the Internet as well as other information and networking systems, such as electronic data interchange and enterprise resource planning. E-procurement is done with a software application that includes features for supplier management and complex auctions. The new generation of e-Procurement is now on-demand or a software-as-a-service. Necessity of E-Procurement in India Various studies have estimated that globally government procurement accounts for around 5-15% of the national GDP. The estimates for government procurement for India vary from 3.4% to 5.7% of the GDP. Therefore efficient practices in procurement of goods and services by government agencies is important from the perspective of lowering cost of procurement of goods and services, optimal delivery of public services, efficient allocation and use of public funds, fair opportunities for suppliers to compete for government contracts, encouraging good governance practices in procuring entities, reducing corruption, providing legal certainty to procurement procedures, ensuring transparency and thereby also attracting foreign investment and partnerships. Ministry of Commerce & Industry (Department of Commerce) has been nominated as...

Words: 1089 - Pages: 5

Free Essay

Role of Eis in Procurement

...ROLE OF ENTERPRISE INFORMATION SYSTEMS IN THE PROCUREMENT PROCESS Ashley Wright What is procurement?    Steps taken to acquire raw materials or finished goods Also known as “Requisition-to-pay” process People, data, documents and information are essential components of procurement Who relies on procurement?  Manufacturers  Raw  Legal/ Purchasing  Contract Materials  B2B Model  Management  Vendor Management  Resellers  Finished Goods  B2C Model  Purchasing  Cost  Business owners, management and shareholders Consumers Analysis  Inventory Analysis Business Models  B2B commerce- Business-to-Business When a business sells directly to another business  Includes transactions for raw materials & finished goods  Examples: Wood to make a skateboard, helmet, first aid kit   B2C commerce- Business-to-Consumer When a business sells directly to the consumer  Includes online transactions or internet retailing  Examples: Airline tickets, eBay, Wal-Mart online  Raw Materials to the Consumer Business-to-Business Business-to-Consumer Producer Manufacturer Distributor Retailer Consumer Business-to-Business (B2B) Commerce  Manufacturers use B2B commerce to:  Acquire Raw Materials from a Producer  Manufacturer assembles raw material into a good  End product sold to Distributor or Reseller  Resellers use B2B commerce to:  Acquire Finished Goods from a Distributor ...

Words: 845 - Pages: 4

Free Essay

E Procurment

...Guidelines for compliance to     Quality requirements of eProcurement Systems                          STQC Directorate   Department of Information Technology,  Ministry of Communications & Information Technology,  Electronics Niketan, 6 CGO Complex, Lodhi Road,  New Delhi – 110003          Dt: 31.08.2011   CONTENTS    1.0   2.0   3.0   4.0   5.0 Specific requirements of eProcurement System  Requirements of Conformity  Operating Models of eProcurement System  Introduction  Testing framework for Quality and Security Characteristics    6.0     Evaluation & Certification process    Annexures    Annexure‐I        :  Risks of eProcurement Systems and related ISO 27001 controls  Annexure‐II         : Checklist for eSecurity Compliance (including CVC Guidelines)  Annexure‐III          : Checklist for compliance to GOI procurement procedures (GFR)  Annexure‐IV          : Checklist for legal compliance (IT Act – Amendment 2008)  Annexure‐V        :  Definitions and Reference Documents    Reference documents:    1. eTendering Process  2. eTendering Glossary  3. eProcurement Integrity Matrix   4. OWASP (Open Web Application Security Project) Top10 Application Security Risks‐ 2010  5. Business requirements specification‐ cross industry  e‐Tendering process (Source  CWA 15666)    Forms & Templates:  Template I                : Template for defining Usability Requirements Specifications of     the Software product  Template II               : Template for Performance Specification ...

Words: 32035 - Pages: 129

Premium Essay

Case Studies Mdcm a & B

...BCom (Hons) IT Management Management of Information Technologies Projects ------------------------------------------------- Assignment 1 ------------------------------------------------- Case Studies MDCM A & B University of Johannesburg MDCM Inc. (A): IT Strategy Synchronization As a member of the MDCM executive team, given the information in the case study we as a team were tasked to define the overall company strategy, business goals and high level IT objectives. MDCM Inc. corporate strategy is to run the company under one single brand across all its subsidiaries geographically based. The company needs to boosts it profits by increasing productivity, to solve this requirement IT Systems and the implementation thereof needs to be addressed. This is due to current lack in forecasting, scheduling, inventory and supply chain problems. We need to match/ align the IT objectives with the company strategy. We wants to be a market leader in the medical product manufacturing industry and we want to increase our market share. We need to reduce internal costs by identifying functional areas where IT can be applied to assist in reducing costs, i.e. IT systems will replace some of the workforce. The risk here is that currently we have so many different / complex systems in place that that also leads to higher admin costs. Not all of the staff understands all the systems. This leads to previously mentioned lack in forecasting, scheduling, inventory and supply chain...

Words: 1649 - Pages: 7

Free Essay

E-Procurement

...Available online at www.sciencedirect.com Government Information Quarterly 25 (2008) 155 – 180 E-government policy and practice: A theoretical and empirical exploration of public e-procurement Catherine A. Hardy ⁎, Susan P. Williams Information Policy and Practice Research Group, Discipline of Business Information Systems, Faculty of Economics and Business, The University of Sydney, Sydney, NSW 2006, Australia Available online 19 April 2007 Abstract The purpose of this paper is to theoretically and empirically explore how public e-procurement policies are translated into practice. The theoretical argument draws on actor network theory (ANT), coupled with Colebatch’s [Colebatch, H. K. (2002). Policy (2nd ed.). Maidenhead, Open University Press.] social construct of policy, to analyze the actors, actions, and circumstances through which understanding of public e-procurement comes to stabilize (or not) into a coherent policy for action. Drawing on three case studies of central government agencies in Italy, Scotland, and Western Australia, we suggest new intellectual perspectives and methodological heuristics that may assist researchers and practitioners analytical efforts in examining sociotechnical change and the implications for policy development and implementation. © 2007 Elsevier Inc. All rights reserved. Keywords: E-government; E-procurement; Actor network theory; Social construction of policy 1. Introduction Public e-procurement, as an information system (IS) enabled innovation...

Words: 12195 - Pages: 49

Premium Essay

Kudler Fine Foods Operations Focus

...Kudler Fine Foods Operations Focus This paper will define how Kudler Fine Foods can benefit from Internet purchasing and how this new system and process will be implemented. This paper begins by analyzing Kudler’s current purchasing processes and systems and makes recommendations to systems and processes that Kudler could use to improve their current processes. Incorporating an Internet-based purchasing system would add convenience and provide Kudler with sustaining a robust customer and supplier relationship. Currently Kudler has no purchasing department in any of their locations but standard purchasing procedures have been implemented. Currently each department manager in each location determines requirements for the items his or her department sells. These managers place purchase orders directly with suppliers using standard purchase order forms in each location. Departmental managers have the responsibility to obtain the best price, quality, and delivery possible. Managers also receive and verify the orders to decipher if they received the correct items and quantities that arrived in undamaged condition. Items are documented on an order received form and forwarded to accounting in order for the invoices on the items to be paid (Kudler Fine Foods website, 2011). The department managers at each location must check with their counterparts in other locations on the pricing, quality, and delivery of the merchandise they order. Managers are also encouraged to combine orders...

Words: 869 - Pages: 4

Free Essay

Ict in Tourism Industry

...Information and Communication Technologies in Tourism Agenda 1. 1.1 ICT and tourism – introduction Tourism as information business 1.2 2. 2.1 2.2 2.3 2.4 2.5 eTourism – ICT usage in tourism ICT usage in tourism – overview and case studies Tourism stakeholders and interfaces Tourism suppliers and eTourism Intermediaries and eTourism Destination organisations and eTourism Tourism management and eTourism 3. 3.0 3.1 3.2 3.3 3.4 3.5 3.6 3.7 Trends and future applications Social Media & Web 2.0 Website optimisation Interoperability and semantic web Software agents Recommender systems Dynamic packaging Mobile services & ambient intelligence Online auctions in tourism 2 ICT in Tourism © copyright IFITT 1.2 eTourism – ICT usage in tourism Definition and history of eTourism Facts & trends Reasons, advantages and implications of ICT usage ECCA – eTourism Competence Center Austria 3 ICT in Tourism © copyright IFITT 1.2 eTourism – ICT usage in tourism Definition and history of eTourism Facts & trends Reasons, advantages and implications of ICT usage ECCA – eTourism Competence Center Austria 4 ICT in Tourism © copyright IFITT Introduction - ICT ICT - Information and Communication Technologies Umbrella term for technological developments for the Production, analysis, storage, search, distribution and use of information ICT includes a combination of hardware software telecommunications netware groupware humanware ICT enables effective data processing & communication...

Words: 2278 - Pages: 10

Premium Essay

Ebusiness Assignment

...eBusiness Assignment 1 eBusiness Development and Strategies Name | Maksis Rudovs | Class | BM | Exam No | 6506276P | Teacher | Marie Boner | Contents Methodology 3 Introduction 4 Current Developments in eBusiness 6 eBusiness Strategies 11 Conclusion 14 Recommendations 14 Refrences 14 Bibliography 14 Methodology Brief * Research the development of eBusiness to include emerging eBusiness technologies and applications. * Appraise the main eBusiness strategies and technologies in current use to include business to consumer, business to business and business to government markets. * Utilise a range of current eBusiness terms within the context of providing eBusiness solutions. Objectives * To define the terms eBusiness and eCommerce. * To talk about eBusiness types 1. Bricks and Clicks 2. Pureplay 3. Brick and Mortar * To discuss different eCommerce modules: 1. Business to Consumer 2. Business to Business 3. Business to Government * To investigate current developments of eBusiness including: 1. Web1,2,3 2. Mobile Technology 3. Social Media 4. Big Data, Data Mining, Data Warehousing, Data Analytics Research Design Scope and Limitations Action Plan Introduction This assignment is a report to gather information about eBusiness, eCommerce, current developments in the area and different types of Strategies in use. It is very popular nowadays to use the...

Words: 6150 - Pages: 25

Free Essay

Business Analyst

...LEIGHTON SALMON 2133 Benchmark Drive Snellville, GA 30078 Telephone: (678) 344-2309 Cell: (678) 227-9497 Email: lgsalmon@hotmail.com BACKGROUND SUMMARY Accounting and Financial professional with considerable experience in various ERP Systems. Very proficient in the GL, AP, AR, AM and eProcurement modules of PeopleSoft. Advanced skills in Financial, Accounting and business Analyses Experienced in Tier 2 support of PeopleSoft, Blackbaud Financial Edge, Concur, AP Secure and PaperSave applications. PROFESSIONAL EXPERIENCE S.P. RICHARDS, (Subsidiary of Genuine Parts) Atlanta 4/2013- Present Technical Analyst (Consulting) Assist with the PeopleSoft financial software upgrade. The company is upgrading its Canadian subsidiary from PeopleSoft 7.5 to 8.8 then to 9.1. Create new queries in PeopleSoft 8.8 similar to queries in the 7.5 version. Create job aids and train users on the processes and procedures of the new version. Update user security matrix. Create report templates. Coordinate user acceptance testing. Assist with identifying and running reports and queries to be migrated to new version of PeopleSoft. ARTHRITIS FOUNDATION, Atlanta 4/2006- 3/2013 Senior Accounting Analyst Analyze and offer recommendations on the feasibility of accounting information system proposals. Analyze the financial feasibility and impact of proposed budget items on operating programs, and provide...

Words: 1021 - Pages: 5

Free Essay

Ceo's Speech 2014

...Dear Colleagues, Happy new year to you all. I hope you celebrated the start of 2014 in good spirits with family and friends. Now that we just passed a few days of the new year, it’s good to look ahead and think about what this year may bring us. But first, a quick look back. 2013 was quite a year for all of us at SUMMIT. We’ve been through many developments, in sometimes less than favourable circumstances. But we’ve also achieved a huge amount. Within automatic analyzer and reagents of clinical chemistry business we have made good progress: twenty new customers, getting upsales from our current clinical laboratories customers, successfully launching our new product line of chemistry reagent, and finalizing registration process at Ministry of Health of Republic of Indonesia for our future signature product which is new biomarker for monitoring diabetes, glycated albumin reagent. Within Medical Information System business, we have launched the new sales and system implementation strategy of our Laboratory Information System TD-Synergy and carefully cuted on it throughout the year. In several customers, we got upsales of new LIS modules such as Microbiology Module, Histology-Cytology Module, Blood Bank Module, and Web Module for Specimen Collection, Request and Result Management. We also had just signed a cooperation agreement as local partner for one of the top world wide Radiology Information System NovaRad. By having LIS and RIS in our product line will definitely upgrade our...

Words: 986 - Pages: 4

Premium Essay

Trust and E-Commerce

...selling but also servicing customers and collaborating with business partners. One of the first to use the term was IBM, when, in October, 1997, it launched a thematic campaign built around the term. Today, major corporations are rethinking their businesses in terms of the Internet and its new culture and capabilities. Companies are using the Web to buy parts and supplies from other companies, to collaborate on sales promotions, and to do joint research. Exploiting the convenience, availability, and world-wide reach of the Internet, many companies, such as Amazon.com, the book sellers, has already discovered how to use the Internet successfully. Activities using e-Business tools include: * trading of goods or services online, such as eProcurement, primarily through websites * electronic retailing (eTailing) * use of the Internet, intranets or extranets to conduct research and manage business activities * website marketing * online communications, such as email * online training for staff (eLearning) e-Business tools include: * mobile phones * personal digital assistants (PDAs) * electronic data interchange * file transfer * facsimile * Video conferencing, Internet, intranets and extranets. Trust indicates the confidence in the certainty of future payment for property or goods received. That means on party is willing to rely on the actions of another party; the situation is directed...

Words: 1313 - Pages: 6

Premium Essay

Research Paper

...Final Research Paper: Edith Cooley WRIT320-Business Communication Professor Susan Silcott March 6, 2015  Abstract Purchasing managers, buyers, and purchasing or procurement agents must make certain that the supplier can deliver the desired parts or services on time, in the correct quantities, and without sacrificing quality. Once they have gathered information on the best suppliers, they begin the process of signing contracts with these suppliers who meet the business needs, and they place orders with these strategic business partners. Larger companies like UPS tend to use a wide range of materials. This allows for a greater chance that price and service arrangements can be influenced considerably based on the companies purchasing performance. In the past, purchasing was considered a clerical position in smaller companies. Much of its progression today can be attributed to technology. Purchasing accounts for over half of most organizations' total monetary expenditures; it is no wonder that purchasing is marked as an increasingly critical position. The airline industry certainly has progressed over recent years. The airline industry has linked people together in an intensely competitive market. It has changed in so many ways the way people live and do business these days, by making travel times a lot shorter. By changing their thought process about distance when it comes to traveling to a state that may take ten hours to drive to, but only a few hours to fly to. The...

Words: 1212 - Pages: 5

Premium Essay

Customer Relationship Management

...CRM From the outside, customers interacting with a company perceive the business as a single entity, despite often interacting with a number of employees in different roles and departments. CRM is a combination of policies, processes, and strategies implemented by an organization to unify its customer interactions and provide a means to track customer information. It involves the use of technology in attracting new and profitable customers, while forming tighter bonds with existing ones. CRM includes many aspects which relate directly to one another: * Front office operations — Direct interaction with customers, e.g. face to face meetings, phone calls, e-mail, online services etc. * Back office operations — Operations that ultimately affect the activities of the front office (e.g., billing, maintenance, planning, marketing, advertising, finance, manufacturing, etc.) * Business relationships — Interaction with other companies and partners, such as suppliers/vendors and retail outlets/distributors, industry networks (lobbying groups, trade associations). This external network supports front and back office activities. * Analysis — Key CRM data can be analyzed in order to plan target-marketing campaigns, conceive business strategies, and judge the success of CRM activities (e.g., market share, number and types of customers, revenue, profitability). Proponents of CRM software claim that it doesn't only allow more effective ways of managing customer relationships...

Words: 1456 - Pages: 6

Premium Essay

Strategic Sourcing

...What specific action should the company take in the area of inventory control? Support your proposal with an analysis of its strengths and weaknesses (15 points). The company should implement a plan. As stated in the case, there was no real plan or policy in action that supported this role within the company. This has to be done if the company wants to continue to grow. They are a growing company and have a number of different products. This is strength because they offer their customers a variety of products to choose from. Another strength would be that they have commonality amongst their products. It stated in the case that they have several products that share materials. This is a good thing because strategic sourcing strategies can be implemented here. One of their main weaknesses was the lack of inventory control. This affected their raw materials all the way to their finished goods. They lost orders, had to make smaller quantity orders to meet production needs, and have growing transportation cost. They need to make use of an ERP system like SAP in order to track all of their inventory and finished goods problems they were experiencing. Having a system like this in place will let them know, when they need to re order product, the different salvage dates and cost, and other inventory management problems that they may need to solve. What is your reaction to the argument of those who oppose tighter controls? (5 points) Tighter controls need to be kept to stop the company...

Words: 1452 - Pages: 6

Premium Essay

Strategic and Tactical Use of Icts in the Airline Industry

...Information & Management 41 (2004) 805–825 eAirlines: strategic and tactical use of ICTs in the airline industry Dimitrios Buhalis* Centre for eTourism Research (CeTR), School of Management, University of Surrey, Guildford, England GU2 7XH, UK Received 16 June 2002; received in revised form 26 April 2003; accepted 6 August 2003 Available online 13 November 2003 Abstract Information Communication Technologies (ICTs) have revolutionised the entire business world. The airline industry in particular has fostered a dependency on technology for their operational and strategic management. Airlines were early adopters of ICTs and have a long history of technological innovation, in comparison to many other travel and tourism businesses. This paper discusses comprehensive research, including exploratory research with airline executives, using qualitative methods to examine the use of ICTs in the contemporary airline industry and to discuss recent developments in the industry. The work demonstrated that the airline industry was using the Internet to improve its distribution strategy and reduce costs; it also used Intranets and internal systems to develop tactical and strategic management. In addition, Extranets were being gradually used for communicating with partners and to support business-to-business (B2B) relationships. The effort demonstrated that ICTs will be critical for the strategic and operational management of airlines and will directly affect the future competitiveness...

Words: 11986 - Pages: 48