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For instance, b implementing the tools of electronic commerce to its transactions, G Lights, oe of the largest companies of the world made considerable improvements to their purchase transactions (Schneider, p Regardless of the size of the company, eprocurement is beneficial in the modern business environment. Sall companies also can take advantages from e-procurement tools by designing their acquisition procedures. Te major benefit that small companies can gain from the e-procurement process is that they can reduce the administrative cost. Te technical application would help them to introduce and services to international market and can gain new contracts.

Fr example industries like tourism and hospitality can utilize the latent of the e-procurement process by initiating customer-to-customer (C2C) commerce methodology. T illustrate, te customers who buy the service can be encouraged to sell (introduce) the same service/product to another customer for gaining certain amount of profit from the new purchase. Wb based technology would boost all organizational functions of the small companies by providing them with instant access to market as well as to organizational information. Eprocuring process key role in collecting external and internal information and also the processes like auctioning, tndering, vndor management and control management.

Eprocurement is an approved mode of business operation which may help companies to drive product cost down while expanding companies’ business area. As the modern business is highly dependant on broad and collaborated data sharing and problem solving, al profit, nn-profit, ad governmental organizations get benefited from the e-procuring process. A Schneider (228-229) states, oganizations can incorporate their business activities with other organizations (business-to-business B2B) or governmental initiatives e-procuring.

Computerized supply chain management improves manufacturing process of the small companies by automating the purchases through e-procurement processes. Te web based integration becomes highly essential in small scale industries for reducing brokerage cost and controlling inventory purchase or distribution. Eprocurement enhances interaction irrespective of the distance or geographical variance. Te advanced form of telecommunication groupware can enable visual collaboration from different locations to facilitate a group project and decision. ..

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preview essay on E-commerce
  • Pages: 4 (1000 words)
  • Document Type: Essay
  • Subject: Unsorted
  • Level: Undergraduate
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