DESCIPTION ABOUT E PROCUREMENT ITS USES ADVANTAGES DISADVANTAGES SOME EXAMPLES

1. -- AN EFFICIENT WAY TO PROVIDE
TRANSPERACY
Nishkam Garg
X - B

2. E-procurement
(electronic procurement)
the business-to-business or business-to-consumeror
business-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.

4.  Public sector organizations use e-procurement
for contracts to achieve
benefits such as increased efficiency and
cost savings (faster and cheaper) in
government procurement and improved
transparency (to reduce corruption) in
procurement services. E-procurement in the
public sector has seen rapid growth in recent
years.

5.  E-procurement in the public sector is emerging
internationally. Hence, initiatives have been
implemented
in Singapore,UK, USA, Malaysia, Australia, Europ
ean Union and Kazakhstan
 E-procurement projects are often part of the
country’s larger e-Government efforts to better
serve its citizens and businesses in the digital
economy. For example, Singapore’s GeBIZ was
implemented as one of the programmes under its
e-Government masterplan.

7. Cost savings is hailed as the primary advantage
of e-procurement. Once a company has
invested in the software necessary to facilitate
online buying, employees can purchase goods
electronically that have been pre-approved by
their corporation.
When various aspects of the purchase cycle are
automated, the process becomes more efficient.

8. Consolidation of the entire process
under one system makes tracking the
purchase process easier from
beginning to end.
When various aspects of the purchase
cycle are automated, the process
becomes more efficient. Consolidation
of the entire process under one system
makes tracking the purchase process
easier from beginning to end.

10.  The major disadvantage is the financial
commitment a company must make in order
to invest in the software necessary to
participate in the e-marketplace. And, of
course, the costs can vary depending on the
applications.
 Just because the software set-up is
available, implementation is not necessarily
easy. Getting employees to use the e-procurement
service can be difficult.

11.  The lack of personal contact between the
two parties can be off-putting to some
companies. E-procurement relationships are
reduced to electronic transactions with no
personal interaction.