Future of e procurement

Future of E-Procurement

BY: Fatima Naeem (013) Anum Akram (058) Halima Iqbal (001) Ehsan Sabri (036) Junaid Irfan (043)

E –Business :

E-business as all electronically mediated information

exchanges, both within an organization and with external stakeholders

supporting the range of business processes.

Procurement :

Procurement is usually responsible for the identification of (internal) customer’s needs, translation of those needs into specifications, management of the delivery of goods and services and an assessment of the internal customer satisfaction

Agent :

An agent is a soft ware program that can perform tasks to assist humans . On the internet agent can already be used for marketing research by performing searches using many search engines.

Software Agents (Intelligent) :

Software programs that assist humans by automation from gathering information from the internet or exchanging data with other agents based on parameters supplied by the user.

Introduction to E-Procurement

E-procurement (Electronic Procurement) is the business-to-business (B2B) purchase and sale of supplies and services through the Internet as well as other information and networking systems, such as electronic data interchange (EDI).

E Procurement - Context Within Supply Chain Management:

The supply chain in its simplest terms is the route we must travel to achieve this objective. Clearly we would wish to travel the route in the most efficient manner i.e. in the shortest time, at minimum cost, producing the highest quality goods and services and thereby enabling generation of the highest profit.

Advantages of E-Procurement

The low cost of information and technology courtesy of the Internet is a major advantage of e-procurement. The costs of buying or selling as well as barriers to market entry have significantly been lowered as operation costs are reduced. Prices are more transparent, businesses can easily use preferred supplier networks, and there is better balance of power between buyer and seller given that information is much more available.

Disadvantages of E-Procurement

Suppliers face problems such as high training costs, the necessity of dealing with more than one marketplace, higher risk of data compromise and full organizational restructuring in some cases. Some suppliers used to dealing with clients face-to-face may find online transactions uncomfortable, since suppliers don't necessarily know whom they are dealing with online.

Future E-Procurement

will save time and costs, and will increase transparency and competition – for governments, SMEs and multi-national corporations: if all European contracting authorities introduced e-Procurement, annual savings could exceed.

PEPPOL Standards

The PEPPOL transport infrastructure uses a set of technical specifications known as BusDox (Business Document Exchange) to allow organisations to securely and reliably exchange electronic documents. BusDox is document agnostic, meaning users can transfer ANY kind of XML document between ANY network.

These standardised public e-Procurement processes will save time, improve transparency and increase competition.

User Groups

A valid PEPPOL transaction must facilitate trade between contracting authorities (buyers) and one or more economic operators (suppliers), who may be supported by different ICT solution or service providers.

PEPPOL sets the standards for future public e-Procurement with:Electronically signed tender documents from other member states.

One process for providing product information through e-Catalogues.

Refferences:http://www.peppol.euhttp://www.ehow.comhttp://steppen.hubpages.comhttp://www.epmagazine.co.ukhttp://www.medieteknik.bth.se

E-business and E-commerce Management by Dave Chaffey 3rd Edition