ObjectiveUnderstanding the eight key trends in the evolution of e-procurement can help when devising a company strategy.
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There can be no doubt, given the potential cost savings and market expansion that e-procurement can bring to both buyers and sellers, that most companies are ready to begin developing an e-procurement strategy.
But given the volatility and complexity of this fast-evolving marketplace, how can a company know which approach to take?
But given the volatility and complexity of this fast-evolving marketplace, how can a company know which approach to take? Will enterprise applications become completely obsolete, giving way to third-party providers? Will the benefits of low negotiated price and near-instantaneous buying mean that most indirect, and even direct, materials will soon be purchased through e-markets?
There are several things upon which most market analysts would agree.
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