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| Topic: |
Business
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| Number of pages / Number of words: |
10 / 2770 |
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E-Catalogues are: ‘A web page that provides information on products and services offered and sold by a vendor and supports online ordering and payment capabilities’
The type of e-catalogues range from sell side , buy side and third-party catalogues. Here we will focus on sell side, where there are very low setup costs for the buyer, but difficulties maybe incurred in connectivity to the ‘back end’ system of the buyers ERP system to automate approval and payment...
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Here we will focus on sell side, where there are very low setup costs for the buyer, but difficulties maybe incurred in connectivity to the ‘back end’ system of the buyers ERP system to automate approval and payment. Overall though the major advantages of e-catalogues were highlighted by Lysons - 2006
- Facilitate real-time two way communication between the suppliers and sellers
- Allow for the development of closer purchaser-supplier relationships due to improved services and information about products
- Enable supplier to respond quickly to market conditions and requirements by price adjustment and repackaging
- Virtually eliminate the time lag between the generation of a requisition by a catalogue user by online authorization which can be automatically generated without the intervention of the purchasing department – back to the end users
- Maverick or ‘off’ contract spend is reduced because it is simpler and quicker to purchase from contracted suppliers than to go outside the official system
Another key consideration to the above is devolvement of procurement back to the ‘end users’
c...
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