EBK PRINCIPLES OF MARKETING
17th Edition
ISBN: 8220103613774
Author: Armstrong
Publisher: YUZU
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Chapter 6, Problem 6.9AC
Summary Introduction
Case summary:
E-procurement plays a vital role in the current market situation. It totally changes the way of business for both the sellers and buyers. Especially the mobile procurement makes the job of the buyers easy by way of less search and effectively placing the order.
Mostly more than 70% of the companies are using the e-procurement. The workers also benefited by e-procurement as it saves more time of viewing, purchase orders and approving.
The time reduces from 10 days to 5 days in the requisition-approval-process cycle.
To discuss: The merits and demerits of e-procurement to both seller and buyer
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