Abstract
The integration of information technology in supply management processes is not an option any more, but it has become essential for supply management professionals to position themselves at the forefront of the discipline. This chapter highlights the wealth of opportunities associated with electronic procurement, coupled with some compelling statistics and illustrations of its impact. Numerous benefits of electronic procurement will be highlighted, enhancing visibility, communication, efficiency, automation, standardization, and process structures. Common challenges, to which however remedies are suggested, will also be discussed. These include system capabilities, implementation costs, reduced human interaction, internal resistance, supplier limitations, and security. Lastly, the software development life cycle will be reviewed in order to help decision makers with the implementation of electronic procurement.
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Schoenherr, T. (2019). Why You Cannot Neglect Electronic Procurement. In: The Evolution of Electronic Procurement. Palgrave Pivot, Cham. https://doi.org/10.1007/978-3-319-93985-8_2
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DOI: https://doi.org/10.1007/978-3-319-93985-8_2
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