What is e-procurement? Briefly describe its major advantages
What will be an ideal response?
E-procurement refers to purchasing through electronic connections between buyers and sellers—usually online.
E-procurement gives buyers access to new suppliers, lowers purchasing costs, and hastens order processing and delivery. In turn, business marketers can connect with customers online to share marketing information, sell products and services, provide customer support services, and maintain ongoing customer relationships. E-procurement frees purchasing people from a lot of drudgery and paperwork. In turn, it frees them to focus on more strategic issues, such as finding better supply sources and working with suppliers to reduce costs and develop new products.
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Most industrial companies rely heavily on Internet selling and buzz marketing to promote their products
Indicate whether the statement is true or false
To compute a product's profit or product margin, the product's sales and direct costs are needed in addition to the overhead costs computed in an activity-based costing system.
Answer the following statement true (T) or false (F)
Manufacturing overhead includes the materials and labor that can be directly traced to the goods produced
Indicate whether the statement is true or false
Two investment centers at Marshman Corporation have the following current-year income and asset data: Investment Center A Investment Center BInvestment center income$415,000 $525,000 Investment center average invested assets$2,400,000 $1,950,000 The return on investment (ROI) for Investment Center B is:
A. 21.7% B. 371.4% C. 24.1% D. 39.2% E. 26.9%