The coming age of online procurement

Abstract

Concerns about cost management have led purchasing officers of many companies to look for new solutions – an Internet‐based electronic procurement system. The promise of Web procurement has made it one of the hottest topics of business‐to‐business e‐commerce. The promise is simple: to streamline administrative routines, and help companies consolidate their purchasing practices, enabling them to receive better discounts and better service from suppliers. Web‐based procurement systems are still in their infancy, and a lot of extra costs are around the corner. This paper presents tips for IT managers for successful implementation of this technology.

Citation

Attaran, M. (2001), "The coming age of online procurement", Industrial Management & Data Systems, Vol. 101 No. 4, pp. 177-181. https://doi.org/10.1108/02635570110390080