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Topic: Business
Number of pages / Number of words: 18 / 5007
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They eliminate paper-based catalogs through EDIs and e-mails. Inventory management is made easier through automatic alerts and updates simultaneously enabling buyers to notify suppliers automatically of payment based on the updated match.

1.3 The Process Cycle

A typical e-procurement process has three main process cycles that allow an organization to manage their entire purchase requirement...


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They are:

? Evaluation Cycle

? Negotiation Cycle

? Fulfillment Cycle

1.3.1 Evaluation cycle

This involves multiple steps beginning with identifying and evaluating vendors, negotiating contracts if not already negotiated. Requirement of purchase is put up by the employee or directly by the purchase dept based on quotations received from vendors...


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