A FRAMEWORK FOR THE IMPLEMENTATION OF E-PROCUREMENT

Abstract

e-Procurement is a sound solution for companies to initiate e-business initiatives since it promises several distinct benefits, such as process cost and lead time reduction, improving strategic sourcing of commodities and enabling companies to negotiate better prices. Procurement is a broad term that touches on internal and external aspects of the company, complicating the decision to choose the most suitable e-procurement solution. An evaluation framework is proposed to assist in evaluating the susceptibility of a company's products to e-procurement and choosing the most suitable e-procurement solution.