Management
IMPLEMENTING E-PROCUREMENT
Whether you believe it is the second industrial revolution or merely an over-hyped offering
from the software industry,e-procurement is upon us.Something that has been around in various
forms for more than ten years in a small way, has now accelerated to the point where 92% of
the Fortune 500 companies say they are using it,or intend to use it.The statistics showing takeup
and growth point to a phenomenon that is rivalling the Internet itself as a characteristic
of modern life.
This introductory chapter plots the continuing rise of e-procurement, provides an overview
of some of the options available to businesses and predicts the trends that will hit business
over the next two years.
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