2018nov_OCR
Business Finance Module II July 2018 Free study Materials
2018july_OCR
Business Finance Module II November 2017 Free study Past papers
2017nov_OCR
ADVANTAGES AND DISADVANTAGES OF E-PROCUREMENT SYSTEMS
E-procurement advantages E-procurement advantages are becoming more evident as the wider understanding of its many uses becomes apparent. The main reason companies have embraced e-procurement is to increase productivity, provide visibility into day-to-day transactions and make it easier for users… Read More
PROCESS IN E-PROCUREMENT SYSTEMS
The term eProcurement refers to the use of electronic means in conducting a public procurement procedure for the purchase of goods, works or services. In order to have a common view within the eProcurement Forum, for the scope of this… Read More
E-PROCUREMENT
An online procurement process that reduces steps and saves money. The process is executed on a real time basis involving global suppliers. eProcurement is the counterpart of eSourcing because it starts when e-sourcing ends and ends where eSourcing begins. STEPS… Read More
STEPS FOLLOWED IN A MANUAL PROCUREMENT PROCESS
Purchasing has traditionally involved three main phases each requiring specific documents & considerable transactional activity. Identification Phase Notification of the need to buy by; A requisition issued by stores, stock control or potential user A bill of materials issued by… Read More
Business Finance Module II July 2017 Free study Past papers
2017july_OCR
DIFFERENCES BETWEEN MANUAL PROCUREMENT AND EPROCUREMENT
Traditional procurement and electronic procurement both have advantages and disadvantages. Manual procurement is generally done face-to-face, or via telephone, while e-procurement is generally done online. But that simple answer hides many factors. Manual procurement is really a collection of processes… Read More
IMPORTANCE OF E-PROCUREMENT AS A STRATEGY IN PROCUREMENT AND SUPPLY
The strategic benefits of e-Procurement have been verified by many leading companies worldwide, and eProcurement is a significant tactic in most companies‟ e-Business strategies. The consensus is that e-Procurement benefits organizations with respect to the procurement cost and process efficiency… Read More