Challenges traditional procurement

1. A traditional procurement process is a collection of many processes by interacting with other departments of a company or with the supplier.

Whereas e-procurement means electronic procurement or online procurement.

2. Traditional procurement can be done by face-to-face, or via telephone.

E- Procurement can only be done through online.

3. Traditional procurement is costly

E-Procurement is cost effective.

There are many places one might go to get more information about electronic procurement (also known as e-procurement or supplier exchange) systems. The most reputable resource would be the government website.

E-Procurement is the process of buying a business that is basically a website. The trend of e-procurement is growing at a rapid pace as more .com businesses show promise in the business world for profitability. One major e-procurement in recent history would be MySpace.com however Yahoo.com faces a possible buyout as we speak.

J. W. E. Masterman has written:

'Introduction to building procurement systems' -- subject(s): Construction industry, Industrial procurement, Management