E-Procurement in Global Supply Chain Management - 2798 Words

E-procurement in global supply chain management Introduction From 1990s, due to the economic globalization and the increased competitive pressures, lots of firms increase their focus on integrated supply chain management to gain a competitive advantage. Effective supply chain can facilitate a firm to be more competitive not only by reducing the purchasing costs but also improving the competitive dimensions of quality, dependability, flexibility, and innovation. Nowadays with globalization, global supply chain management is becoming a very important issue for most of businesses. The main reasons of this trend are procurement cost reduction, purchasing risks control, and revenues increasing. For instance, companies may set up overseas†¦show more content†¦That is to say, using e-commerce not only can increase services level to keep customers, but also make profits more than before. Nowadays, there are many companies using e-logistics and e-procurement for customers, because those will be an optimal way to extend and increase business processes in supply chain management and also those are real value methods to attract more customers than before. Therefore, e-commerce can create a lot of additional values in the company in order to maximize its chances of success. There are three main things in e-commerce: information, Internet and technology. Information Improving the use of information is the important thing in e-commerce because more-accurate, up-to-date information about customer demanded allows products to be delivered in the right way in order to decrease cost and increase efficiency (2001, Lee and Seungjin). So, a company should prioritize internal system first, because the company should complete internal for controlling its information and business. Then, companies can start to use external system in order to increase service level for customer and to deliver information between suppliers and customers rapidly. Moreover, increasing the dataShow MoreRelatedReview Of Fedex Express The American Air Cargo Essay1719 Words   |  7 Pageseffective practices in supply chain and partially procurement. (Kasarda, J.D., Appold, S.J., Mori, M. and Calgary, C., 2008) This report will illustrate the importance of procurement in air cargo in addition, Classify the best procurement performs and advance technology and effective procurement base to control cost, and increase awareness thru the supply chain. The report is divided into three parts. first part contains a summary about FedEx Express including their supply chain strategy within theRead MoreChap12 Ais1343 Words   |  6 PagesChapter 12 test bank TRUE OR FALSE. 1. Private industrial networks are the largest form of B2B e-commerce. ANS. TRUE 2. EDI systems are seller-side solutions. ANS. 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