StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Examination of benefits of using IT Software in value added elements in supplier procurement - Essay Example

Cite this document
Summary
The study observes a complete background of Procurement and Sourcing activities in Supplier Value chain system and evaluates the need of Information technology in Procurement activities. The study also observes the features and forms of e-procurement operations. A thorough…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER92.3% of users find it useful
Examination of benefits of using IT Software in value added elements in supplier procurement
Read Text Preview

Extract of sample "Examination of benefits of using IT Software in value added elements in supplier procurement"

Download file to see previous pages

A shorter purchasing cycle to maintain lower inventory levels and respond more quickly to stock-outs is the core business value through e-procurement. Along with some strategical challenges on implementation, study observed standardization and internationalization of problems as few limitations of the technology integration with e-procurement. In the late 1990s, big corporations managed their supply chains with a combination of paper, faxes, e-mail, and proprietary electronic data interchange networks.

But these systems provided opportunities for errors. Executives responsible for maintaining an unceasing flow of supplies to keep production lines running and distant field operations on schedule were at the mercy of primitive purchasing processes that were beyond their control. Though they could select from a host of qualified suppliers, they didnt have the most convenient ways to find the perfect supplier with exactly the right product at just the right price. Alternatively, it could take days or weeks to have the requisitions signed by executives who spend most of their time on the road.

A critical pre-requisite for success in digital economy is the implementation of an integrated value chain that extends across - and beyond - the enterprise. The term "extended enterprise" represents a new concept that a company is made up not just of its employees, its board members, and executives, but also its business partners, its suppliers, and its customers. The notion of extended enterprise includes many different arrangements such as virtual integration, outsourcing, distribution agreements, collaborative marketing, R&D program partnerships, alliances, joint ventures, preferred suppliers, and customer partnership.

Enterprises that have global operations or need to deal with a multitude of suppliers are finding that e-procurement has

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Examination of benefits of using IT Software in value added elements Essay”, n.d.)
Examination of benefits of using IT Software in value added elements Essay. Retrieved from https://studentshare.org/miscellaneous/1538921-examination-of-benefits-of-using-it-software-in-value-added-elements-in-supplier-procurement
(Examination of Benefits of Using IT Software in Value Added Elements Essay)
Examination of Benefits of Using IT Software in Value Added Elements Essay. https://studentshare.org/miscellaneous/1538921-examination-of-benefits-of-using-it-software-in-value-added-elements-in-supplier-procurement.
“Examination of Benefits of Using IT Software in Value Added Elements Essay”, n.d. https://studentshare.org/miscellaneous/1538921-examination-of-benefits-of-using-it-software-in-value-added-elements-in-supplier-procurement.
  • Cited: 0 times

CHECK THESE SAMPLES OF Examination of benefits of using IT Software in value added elements in supplier procurement

Use of IT in the Construction Industry

nbsp; Most businesses have switched over to IT enabled communication and sharing of Information and taken advantage of the new software available through IT for managing their work.... Naturally, the software posed problems and lacked effectiveness when applied to inter—organizational exchange needs of the Construction Projects....
12 Pages (3000 words) Research Paper

The Difference Between Exchange and Industry Consortia

The aim of the industry consortium is to generate steady association with the industry with a view to establish a long term affiliation through contractual procurement.... systematic procurement process, auctions, pricing and RFQs mechanisms for profitability of the industry.... Many giant businesses are using e-marketing for quite sometimes now and many have been programmed with other automated businesses since 1990s.... Midterm examination MCQs and True/ False Question No Answer 1 b 2 d 3 b 4 d 5 a 6 c 7 b 8 a 9 d 10 c 11 d 12 d 13 a 14 d 15 b 16 c 17 a 18 d 19 b 20 c 21 a 22 b 23 c 24 d 25 c 26 d 27 c 28 a 29 c 30 d 31 False 32 False 33 True 34 True 35 False 36 False 37 True 38 True 39 False 40 False 41 False 42 False 43 True 44 True 45 False 46 True 47 True 48 True 49 False 50 False 51 True 52 False 53 False 54 True 55 True 56 True 57 True 58 True 59 True 60 True 61 True 62 True 63 True 64 True 65 True 66 False 67 False 68 False 69 True 70 True Q 71 Explain the difference between exchange and industry consortia....
14 Pages (3500 words) Essay

Business Process Management

SAP ERP system mostly deals with the assimilation of data and for a company to improve this it has to concentrate in using one kind of merchant that will be used to distribute the elements that are installed in the program for example to human resources.... This past method has now been developed to a cooperative, flat method and which involves more processes This paper rmakes a conclusion that the Reduction of inventory in companies using the program in addition to cost savings enables these companies to pay for the expenses incurred in the installation of the system by the end of the second financial year....
24 Pages (6000 words) Essay

The main reasons why companies decide to internationalize their activities

This means that supply chain networks are becoming more homogenous on a global basis which makes it easier for competition in a certain industry to gain the same type of procurement advantages related to cost and distribution.... Further, the ability of competition to achieve replicable value-added activities in procurement drives another competitor to seek new opportunities to regain competitive advantages.... Internationalisation, as it is related to procurement strategies, provides new opportunities to innovate new product development....
12 Pages (3000 words) Essay

Contemporary Supply Chain Management and Consultancy Management Techniques

The expectation of more from the suppliers, communicating the expectations, and as well willing to participate in supplier, development efforts should buy the firms hope to develop supply bases that would assist them to compete in worldwide markets.... Firms should be always continuous in supplier development in order to ensure that the suppliers have similar capabilities and as well as same time, share same objectives and policies as theirs so as to compete in a competitive environment....
19 Pages (4750 words) Essay

Integrating Lean Construction to Project Delivery Process at XYZ Company

Companies in the UK construction industries are beginning to realize the benefits of implementing lean and agile approaches with the publication of the Egan Report in 1998  Although lean production has been used by manufacturing firms for decades, its interpretation and integration in the construction industry are relatively new....
28 Pages (7000 words) Essay

Information Technology Integration in the Construction Industry

Most businesses have switched over to IT-enabled communication and sharing of Information and taken advantage of the new software available through IT for managing their work.... This paper aims to study the web-based management systems that are structured on XML and XML/EDL Model....
10 Pages (2500 words) Assignment

Proposed Construction of Two-Storey Elevated Parking

These include detailed issues about people, team building, and procurement planning.... According to Webber & Webber, while PRINCE2 helps project managers handle day-to-day activities, PMBOK enables a more responsible project manager particularly in the use of earned value in monitoring progress and problem detection....
13 Pages (3250 words) Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us