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Impacts on Business Process
Gebauer, et all (1998) describes procurement as one of the most important functions for both governmental and private sector business processes. Procurement is more than just purchasing goods and services. It includes all activities involved in obtaining, transporting and moving material towards the production process. Electronic procurement makes use of electronic commerce technologies, such as Electronic Data Interchange (EDI), e-mail, and electronic catalogues. Zenz and Thompson (1994) stated that most organizations spend at least one third of their overall budget on purchasing goods and services, procurement holds significant business value. (more…)
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