Question

Which of the following is not a reason for using eProcurement:

Find new sources of supply

Improve net earnings

Ensure a competitive environment

Manage communications

Answer 1

Ans: Improve net earnings

Electronic procurement, commonly referred to as e-procurement, defines the automation of procurement and supply chain processes using internet based applications and technology. This expands the idea of enterprise resource planning (ERP) systems, allowing the automation of internal business processes, thus providing a platform that supports automation at a global level. It allows procurement professionals across the world to communicate information simply and efficiently, streamlining the global procurement process; reducing time and costs without compromising on standards and quality